|(L to R) Shri Arjun Ram Meghwal (MOS Finance ), Shri R N Dubey (Economic Advisor, Department of Financial Services), Shri Gautham (Indian Banks Association) and K. Srinivasan (ELTF)|
Saturday, 18 March 2017
Education Loan Task Force (ELTF) discusses Education loan issues with Minister and officials in North Block
Education Loan Task Force (ELTF) is one of the social initiatives of eMagazine PreSense. It is a voluntary initiative since 2010 creating awareness about education loan and also taking up issues in Parliament through supporting MPs. On 17th February 2017, PreSense and ELTF organised an interactive session at Chennai with Shri Arjun Ram Meghwal, Hon'ble Union Minister of State (Finance & Corporate Affairs) to discuss the education loan issues. Senior bankers from 40 banks and various social workers participated and interacted on the various issues. During that time, Hon'ble Minister announced that he would arrange a meeting of Senior officials of Finance Ministry at Delhi so that ELTf can directly present the issues to find out the solutions.
Accordingly, Shri Arjun Ram Meghwal organised a meeting at North Block on 16th March 2017. Shri R N Dubey, (Economic Advisor to Department of Financial Services) and two other senior officials were present. Shri Gautham represented Indian Banks Association (IBA). Shri Meghwal presided over the meeting. On behalf of ELTF, I made a presentation to the Minister and other Senior officials on the various problems faced by students.
Hon'ble Minister and other officials listened patiently. Minister also advised the officials to examine all the points and to submit a feedback to him. While concluding the meeting, Hon'ble Minister siad, "You will find some changes shortly".
ELTF thanks Shri Arjun Ram Meghwal for the keen initiative taken by him to understand the problems and to find solutions.
A brief report on the proceedings is attached. Kindly go through the report. You may kindly send feedback to me.
The report can be downloaded from this link.
A brief report on the meeting held at Ministry of Finance, New Delhi in the Chamber of Shri Arjun Ram Meghwal, Hon’ble Union Minister of State (Finance & CA) on Education Loan.
Date : 16th March 2017 – 1.00 PM
Present: Shri Arjun Ram Meghwal, Shri R N Dubey (Economic Advisor, Department of Financial Services) with his team of Senior officials and Shri Gautham, representing IBA
K. Srinivasan, (Chairman, Prime Point Foundation and Convenor of Education Loan Task Force – ELTF) made a presentation to the Hon’ble Minister and other Senior officials on the problems faced by students in respect of implementation of Education Loan Scheme.
The gist of points presented by K. Srinivasan
The bank officials are not having sufficient knowledge about the Education Loan Scheme. Though Vidyalakshmi Portal is made compulsory, awareness is lacking on the part of students and bank officials. IBA and the banks should create adequate awareness about the Vidyalakshmi Portal. A mobile app can also be created for Vidyalakshmi Portal, to enable students to submit the applications through Mobile.
(At this stage, Hon’ble Minister intervened to say that State Level Bankers Committees and District Level Bankers Committees can create adequate awareness locally throughout India. He also suggested the Ministry Officials and IBA to involve the social workers like ELTF in creating awareness. Srinivasan suggested that April and May would be the right time to create awareness, as the students would be getting ready to pursue higher education. Hon’ble Minister agreed with this suggestion)
Srinivasan informed that Banks were not deciding the loan applications within 15 to 30 days as per IBA norms. Even the rejections are not done within the time, causing lot of inconvenience to the students.
(Hon’ble Minister advised the officials to examine this and to issue appropriate orders to follow IBA norms)
Srinivasan brought to the notice of the Hon’ble Minister that interest subsidy was not paid in full (100%) as promised by the Government. Only a small portion was being paid. Also, he pointed out that the banks have not claimed interest subsidy for the eligible students, thus depriving them of the subsidy.
(Hon’ble Minister advised the officials to arrange a meeting with MHRD officials on this subject. He said, he would also discuss with Shri Prakash Javdekar, Hon’ble HRD Minister to improve the situation.)
Srinivasan informed the Hon’ble Minister that there was a delay between the bank’s receiving the amount from the Government and credit to the loan account. He said that the students had to pay interest unnecessarily.
Srinivasan suggested that instead of interest subsidy, the Government can consider ‘interest free education loans’ and fix some suitable norms.
NPA and Repayment of Education Loan
Srinivasan pointed out that many banks artificially create NPAs by including the interest subsidy portion not received from the Government and also by pressurizing the students to repay the loan within short time. He suggested that the Government should fix separate norms (for classification of NPA, rescheduling the EMI, etc.) for Education Loans and not to be treated as commercial loans. Education Loans are for the future. Presently, the students come out of the Colleges are burdened with huge debt and they are demotivated. Banks also do not give proper counseling to the students.
(Hon’ble Minister at this stage advised the officials to discuss with RBI to examine whether separate norms can be fixed for Education loans, without applying the same norms of commercial loans.)
Srinivasan also brought to the notice of the Hon’ble Minister and the officials as to how State Bank of India was transferring the loan accounts to private agencies ARCs for recovery by offering huge concessions. In turn, the ARCs also harass the students. Srinivasan brought to the notice some of the students had committed suicide due to harassment of ARCs. He submitted two appeals to Hon’ble Minister. (1) Education loans should be kept away from the purview of ARCs and the banks should handle the recovery through legal methods and (2) possible nexus between the State Bank officials and the ARCs should be examined in vigilance angle.
He further said that instead of offering huge concessions to ARCs in the name of cleaning up of ‘balance sheets’, State Bank of India could follow IBA guidelines by offering permitted concessions to students. That was why he said that ELTF demanded a vigilance probe on SBI to examine the possible nexus between the bank officials and the ARCs.
Srinivasan suggested that a Monitoring Committee may be set up at National and State level to review the Education loan disbursements. Social workers may also be involved in such committees, besides officials.
(Hon’ble Minister agreed with this idea and advised the officials to examine this suggestion)
Srinivasan suggested that Nodal officer / Grievances Cell may be set up at Zonal offices and the Head Offices of Banks immediately to redress the grievances of education loan applicants / borrowers. Srinivasan quoted that when Dr K C Chakrabarthy was the Dy. Governor of RBI, he nominated in 2010 a CGM of RBI as Nodal Officer at RBI for Education Loan purposes and it was functioning effectively. This was done on the suggestions of ELTF then. Due to passage of time and due to transfers, this is not functioning. He suggested that a Nodal Officer may be nominated both at RBI and at the Ministry exclusively for Education Loan purposes.
(Hon’ble Minister agreed with the suggestion of Nodal Officers at Zonal Offices and Head Offices of the Bank immediately. He also recalled that he himself made announcement at Chennai during the Interactive Session on 17th February 2017. He advised the Ministry officials to issue directions to all banks immediately).
Srinivasan also requested to reduce the rate of interest for education loan. He suggested a new institution like NABARD, SIDBI may be set up to refinance all Education Loans given by the Banks.
Srinivasan concluded his presentation by appealing to Hon’ble Minister and other Senior Officials to issue directions to all the banks to scrupulously follow the IBA guidelines. He said that the students and parents suffer due to the branches not following the IBA guidelines and due to lack of awareness among the bank officials. He even pointed out that in many banks even senior officials were not aware of the IBA guidelines on Education Loan.
Hon’ble Minister Shri Arjun Ram Meghwal while concluding the discussion advised the Ministry Officials to examine all the suggestions carefully and give him feedback. He concluded by assuring the ELTF Team saying, “You will find some changes shortly”
Prepared by K Srinivasan, Convenor, ELTF www.eltf.in email@example.com
Sunday, 23 October 2016
"Join politics only after understanding the problems of the country and society" - T K Rangarajan, Member of Parliament
|Interactive session with Com T K Rangarajan MP (Inset) Nurullah presenting memento to TKR|
The ezine PreSense (Published by Prime Point Foundation) and Sansad Ratna Awards Committee organised an interactive session with Rajya Sabha CPIM MP T K Rangarajan on Saturday the 22nd October 2016 at HSS Library, IIT Madras. It was a closed session with select invitees who aspire to join or grow in politics.
T K Rangarajan is one of the well respected political leaders in India for his balanced and intellectual views. Though he is a communist leader, he has more admirers in all the parties, including BJP, irrespective of political ideologies.
T K Rangarajan advised the youth to join politics only after understanding the problems of the country and the society. He quoted the example of Mahatma Gandhi, who went round the country as suggested by Gopalakrishna Gokhale to understand the problems of the nation, before his joining politics.
He also traced the history of politics. He defined the politics as the 'concentrated economy'. He said that in the world all the wars have happened with focus on 'properties'. He also quoted from Ramayana and Mahabarata, as to how the desire to acquire property had led to dispute and war.
He also explained as to how the economy changed in the past centuries. Last century changed the 'barter trade' to 'merchant trade'.
He raised a thought provoking question to the audience. Thousands of years ago, India had great scholars like Aryabatta, Bhaskara. Also India gave 'zero' to the world and we had great mathematicians. In spite of the ancient wisdom, India did not attempt industrial revolution. But it happened only in London. He explained as to how the religion prevented industrial revolution even in England and how it was overcome. He concluded that any religion cannot stop the growth of science and technology.
To a question who was his Guru, he said that as an industrial worker, he learnt many things from workers. His leaders guided him in politics.
To another question on the linguistic partition of India, T K Rangarajan said that before Independence, Madras Province consisted of Tamil Nadu, Andhra, Kerala and Karnataka with Madras as Head Quarters. Though the four states were under Madras Province, the Congress Party had the Presidents based on the language only. Hence, he said that though officially the states were under single province, practically, they had linguistic division, even prior to independence.
Some of the elected representatives of Students Legislative Council (SLC) of IIT Madras including Venkat (Speaker of SLC), Dr Sudarshan Padmanabhan were also present and interacted with T K Rangarajan. Nurullah, Vice President of Sansad Ratna Awards Committee presented a memento to T K Rangarajan.
In appreciation of the discussion, the participants honoured T K Rangarajan with standing ovation.
Saturday, 22 October 2016
Prime Point Srinivasan advises students to use social media with high responsibility and not to get addicted
|Section of the NSS Students listening to Prime Point Srinivasan (Inset)|
Prime Point Srinivasan addressed nearly 100 National Service Scheme (NSS) students of Anna University on Saturday the 22nd October 2016. While addressing the students, Srinivasan, insisted the students to use the social media with high level of responsibility and not to get addicted to social media.
He advised the students to understand the difference between the real world and virtual world.
He said that there were three eras that influenced the mankind in the world, particularly youngsters.
1. Before the introduction of internet commercially i.e. before 15th August 1995.
2. After the introduction of internet, but before the emergence of social media like Twitter and Facebook i.e. between 1995 and 2004.
3. After the emergence of social media i.e. after 2004 till date. Srinivasan said that before the concept of internet, the people had enough time to interact personally with each other and to spend enough time on various productive activities.
He considered the second era as a 'Golden era', during which time, the blogs and other internet tools emerged. These tools were very helpful to improving the writing and thinking skills of people.
He expressed concern that after the emergence of twitter and facebook, youngsters spent lot of time in the social media in an unproductive manner. He also felt that the writing skills of the youngsters got damaged due to the shortened terms.
Srinivasan cautioned all the youngsters, particularly, ladies not to share the private information in the social media and also not to share their passwords with others, however close they might be. He quoted examples of how the ladies were victimised because of the social media.
Finally, he appealed to all youngsters to use social media like 'shoes' which are left outside the house and use them when necessary.
He appealed to them to enjoy the real world by interacting with all friends, instead of spending time in the social media.
The programme was organised by Anna University and National Council of Rural Institutes. Dr Arutselvan, Associate Professor of Media Science Department coordinated the event.
Please see the photographs:
Thursday, 13 October 2016
|Dr Raman Singh, Chief Minister, Chhattisgarh launching the 100th Prince cartoon|
Dr Raman Singh, Hon'ble Chief Minister of Chhattisgarh launched the 100th Prince cartoon at Raipur during the Cartoon Festival on 12th October 2016. 'Prince' is the cartoon character published in the emagainze PreSense since July 2008 edition. The first Cartoon with Prince character was launched by Dr Abdul kalam in July 2008 at Chennai.
From July 2008 edition, every edition of PreSense used to carry one Prince cartoon drawny Triambak Sharma, Editor, Cartoon Watch and a well known cartoonist in the North India. 100th Prince cartoon will be carried in the 116th (October 2016) edition of ezine PreSense. The eMagazine PreSense is being published by Prime Point Foundation.
On the suggestions of Dr Abdul Kalam, PreSense introduced cartoons. The Prince cartoon character was designed by Triambak Sharma on the lines of Common man of RK Laxman. Prince represents the modern youth wearing trendy dress.
Before the launch of Prince100, a video presentation by Prime Point Srinivasan was screened before the Hon'ble Chief Minister and the audience. Dr Raman Singh, Hon'ble Chief Minister appreciated the concept of Prince Character and appreciated the eMagazine PreSense for carrying the messages through cartoon character. Dr Raman Singh watched the video presentation with keen interest.
|Dr Raman Singh, Chief Minister watching the video presentation by Prime Point Srinivasan|
Please watch the video presentation on the journey of Prince.
Tuesday, 11 October 2016
The ezine PreSense, started in March 2006 has now completed 115 monthly 'digital only' editions. We started publishing 'digital only' editions from March 2006. Due to the growth of internet and technology, in future, digital only publications like eMagazines (ezines), ebooks, eNewsportals will gain more importance and acceptance. This ezine is being published by Prime Point Foundation.
Though our ezine PreSense is visible in virtual world only, PreSense has already taken up three initiatives of forming real world Education Loan Task Force (ELTF), Sansad Ratna Awards and Digital journalists Association of India (DiJAI). On this auspicious Vijaya Dasami day, we are pleased to announce 'PreSense-ebooklet', another digital only initiative.
As you know, ezine PreSense is being published on the first day of every month with contents on different themes. Presently, our editorial team members research the topics and write the contents in their names. Each article is confined only to two to three pages in A4 size (around 1200 words). We carry six or seven articles every month.
We find that digital reading is becoming increasingly popular, as they can be read in any device like phone, tablet, iphone, kindle, desktop, etc. ebooks are becoming popular nowadays. At the same time, people are interested to read less contents in a quick manner in the digital medium. They prefer less number of pages in the digital format, than what they could read in the print format.
Keeping the digital trends in mind, Editorial Team of PreSense has come out with a new initiative of 'PreSense -ebooklet'. This will provide opportunity to all, particularly youngsters, who aspire to become authors to learn digital writing. Unlike the ezine PreSense, PreSense-ebooklet will not have any periodicity. As and when ebooklets are ready, they will be released through groups and other channels like the ezine.
1. Maximum number of Pages 30 (around 9000 words) in A5 format. The ebooklet can be written on any theme, including economics, commerce, science, communication, interviews, etc. The content should be broken into several chapters. The author should ensure that another person edits the contents.
2. The contents should be only in English.
3. After approval by the editorial team, the PreSense-ebooklet will be released digitally. All the ebooks will be stored in the Library of our site www.corpezine.com. The ebooklet will be released under the PreSense platform with due credit to the author of the book. Every month, our ezine Presense will carry details about the ebooklet launched during that month along with a brief profile of the author.
4. Those who are interested to write an ebooklet on any theme may contact firstname.lastname@example.org for guidance about the structure, font, design, etc. The purpose is to make potential writers as 'authors'. For time being, there is no revenue model for this scheme.
Editor in Chief
Sunday, 4 September 2016
Ministry of Human Resources Development (MHRD) of Government of India has published in their site the draft copy of National Educational Policy 2016 prepared by them. They have requested all the stakeholders to debate and submit their recommendations and suggestins to MHRD.
The eMagazine PreSense (published by Prime Point Foundation) and Sansad Ratna Awards Committee organised a seminar at Dr MGR Janaki College of Arts and Science for Women, Chennai on Saturday the 3rd Sep 2016. Susan Koshy, Editor of PreSense welcomed the audience and explained the purpose of the seminar. Sivakeerthi, education consultant coordinated the programme.
The programme had two panel discussions. The first one on 'School Education' and the second one was on 'Higher Education, Research and Governance'. R Nurullah, senior journalist moderated the panelists.
P Ravi (Regional Director of National Institute of Open Schooling), Dr Jahitha Begum (HOD, Department of Education, Gandhigram Rural University) and Lakshmi Radhakrishnan (Former Chairperson of Madras Dyslexia Association) were the panelists for 'School Education'.
In the second panel, Dr A Kalanidhi (Former Vice Chancellor of Anna University), Dr Sudarsan Padmanabhan (Associate Professor of IIT Madras), Dr R Jagannathan (Former Vice Chancellor of Middle East University, UAE) and Harish Metha (Secretary, SS Jain Education Society) shared their views on higher education.
The participants also shared their suggestions for incorporation in the recommendations. A Sub Committee headed by Ramesh Sethuraman is preparing the recommendations for submission to MHRD. Bhawanesh Deora, Secretary of Sansad Ratna Awards Committee proposed vote of thanks.
Wednesday, 31 August 2016
&Sansad Ratna Awards Committee
Cordially invite you to a Seminar on
‘National Education Policy 2016’
Dr MGR Janaki College of Arts & Science for Women,
(Formerly known as Sathya Studios – Near Adyar bridge)
Saturday, 3rd September 2016 at 10 am
10.00 am to 11.30 am - Panel discussion I – School Education
· Dr Santhosh Babu IAS (CMD, Tamil Nadu Handicrafts Development Corporation Ltd - He brought back to School more than 12000 'out of school children' in Krishnagiri district as District Collector - Appreciated by Dr Abdul Kalam).
· Dr Jahitha Begum (Head of the Department of Education, Gandhigram Rural University - She has done extensive research on education)
· Mrs. R. Malathy (Senior Consultant, TN State SSA – 40 years of experience in Corporation Schools at Chennai- Retired as Supervisor of Schools in Zone 5 – National Award winner 1998)
· Mrs Lakshmi Radhakrishnan (35 years of experience, of which 25 years in mainstreaming special children - Former Chairperson of Madras Dyslexia Association)
11.45 am to 1.15 pm - Panel Discussion II - Higher Education, Research and Governance
· Dr A Kalanidhi (Former Vice Chancellor, Anna University)
· Dr R Jagannathan (Former Vice Chancellor of Middle East University, UAE - Visiting professor for International Universities)
· Dr Sudarshan Padmanathan (Associate Professor, Humanities and Social Sciences, Indian Institute of Technology Madras - IITM)
· Shri Harish Metha (Secretary, SS Jain Educational Society)
Moderator : Shri R Nurullah, Senior Journalist
No Registration fee – Tea / Lunch will be provided – Registration needed
RSVP: only SMS or WhatsApp - with name, email id & profession
Mr Sivakeerthi, Programme Co-ordinator - 9043211200
Dr Bhawanesh Deora, Secretary, Sansad Ratna Award Committee – 9385363537
Ms Susan Koshy, Editor, PreSense – email email@example.com