From G.Dhandapani, #5, OmSakthi Nagar, Chitlapakkam
Chennai-600064 Phone: 044 22232345 mandhras@gmail.com
To Hon’ble Finance Minister [MR. P. CHIDAMBARAM], Govt. of India.
Respected sir,
My daughter, Ms.D. Ramya having scored 96.3% in TN Higher Sec. Exam., further got allotment in an accredited college of Anna University, SSN College of Engg. As my family annual earnings are around rupees a lac, I have a limitation and needed a certain financial support to educate my daughter. For the reason I approached Punjab National Bank, East Tambaram contacted the manager Mr. Ramakrishna, for an educational loan. The manager did not respond with reverence to directions of the principle of PNB’s website details, which compelled to make a complaint. I have earlier sent an e-mail dated 16th , June’06 to all the PNB HQ and officials, clearly requesting an end to dodging and irrelevant documents, terms and conditions almost obstructed questioning as I have been posed to, by PNB, Tambaram bank officials.
I have no constraint in providing the bank with the details (marked below) as referred in the checklist of PNB’s VIDYALAKSHYAPURTI educational loan, referred in your website [boxed below]. I am not clear to avail form PNB’s point of view and my chances of getting this loan as per website details.
• Loan application on Bank's format Available = filled in
• Passport size photograph Available = 2 nos.
• Proof of Address (Permanent) / ID Proof. Available = voter ID
• Proof of Age. Available = Matric Cert.
• Proof of having secured pass marks in last qualifying examination.
Available = 96.3%
• Letter of admission in professional, technical or vocational courses
Available = copy of [Anna University allotment letter to SSN College of Engg.
• Prospectus of the course wherein charges like Admission Fee,
Available = Receipts &
Examination Fee, Hostel Charges etc. are mentioned.[Bonafide certificate]
• Details of Assets & Liabilities of parents.(Self-declared)Available
In case loan amount is above Rs.4.00 lacs Not applicable = X
Particulars of Guarantors and details of their Assets & Liabilities.
If immovable property offered as Collateral Security –
copy of Title Deed, Valuation Certificate and
Non-encumbrance Certificate from approved Lawyer of the Bank.
Photocopy of Passport & Visa, in case of study abroad. Not applicable = X
Any other doc. / inf., depending upon the case & purpose of the loan - Not clear = X
(Above LIST is only illustrative, not exhaustive.
For details, pl. contact our nearest Branch.)
After going through the above available papers the manager insisted the following.
1. Guarantor with his salary certificate, IT returns and PAN details -I objected what necessitates for guarantor as my requirement only below Rs.3, 00,000/-. The manager proportionate the loan with accrued interest after 4 stipulated years of the course. I interpreted that the government or IBA would not have positioned or framed such condition like adding interest to educational loan at the initial stages itself. The manager did not accept that as a fact.
2. Parents IT assessment details for the past three years -Mother is employed in Southern Railway; father is unemployed. However the Form16 [latest given by the employer is available and handed out], which clearly indicates the tax details. IT assessment details for the past 3 years with TDS details also provided in it.
3. Parent’s salary certificate from employer. Mother salary is credited to this bank account through ECS every month [years together] and relevant pay slip presented for reference. The manager said no to substantiate it.
At this stage if the manager or the bank, with which I am keeping Savings Account since its inception here, (say nearly 8 years) can act so unconcernedly, utter ridiculous in its customer relationship, is it not? A nationalized bank bestows its customer a dismal conviction, after all when approached for an educational loan. If such things are required, I approached the bank well in advance and solicited for loan, why did not they advice me then for the necessary documents, to its customer.
The manager continued to defy me, he has been holding the esteem as manager, not by any meager means that should in case a complaint exaggerated from me, and he would tackle it. The manager as well made a point to his sub-ordinate (Mr.Chinnaraj) that he had already relaxed and violated many a stipulated details and documents apart from the above stated. Mr. Chinnaraj confided to bring the guarantor’s duly attested pay-slip, bank statement, property details with Xerox copies authenticated, assets and liabilities details. For which I retorted objection and mentioned not to torture this length and made clear the agreed guarantor would chide at these things strongly. But the manager interrupted and daringly informed not to worry myself about the guarantor and replied that he would confront the guarantor for the requisite needs with wiliness of their mode.
Nevertheless, the manager in his post questioned the Finance Minister’s very statement of easy and liberalized educational loan is not from his [FM’s] pocket. Comprehensively, I feel that Hon’ble FM relaxed the norms to give the fillip to education, but when the authorities take axe-like how not to give decisions, leave the students and their associates who almost reflect and furor a disgrace to the ministerial recommendations.
Notwithstanding this, I did approach the other banks too, [SBI, IOB, Syn., IB etc.] around my place of domicile, all of them singled out a reason every nationalized bank’s obligatory to provide on priority the educational loan, but when they wanted to distinguish the sincerity of the need to come at them for the particular loan only, when all along I am having an SB a/c with PNB, East Tambaram, Chennai. Or else, the other bank wanted to have consent from PNB clearly explicating the grounds. I can solemnly understand the other banks’ submission.
At the outset, running out of time, with no alternates, I succumbed to PNB’s demand and arranged a guarantor with great difficulty. Difficulty due to many a terms and conditions posed even to guarantor who comes in support of a purpose which almost made me ricochets, and disappointed. The guarantor came and signed and how he was ground would take another letter in length, to which I detach any importance at this point. Microscopically, the quest for documents continued to spur one after the other asking irrelevant and needless details which could imbibe time at the instant.
As I have been imposed to many an hardship by the most unconcerned manager in Mr. Ramakrishna and as well by his sub-ordinate here, Mr. Chinnaraj, the request with this I profound, the cost of my daughter’s education to be borne as cost to PNB’s, no questions asked.
Hon’ble FM, I am pleased to mention your quotes “Even if one-half of the allegations made are correct, it is a very bad case of an irresponsible attitude of the Manager of the branch of the bank. Please give the name of the bank and the branch to me. I will take action.… “ .
I hope this incident is 100%, befits your declaration made, as follow vide: DATE: 29-04-2005
TYPE OF DEBATE: SPECIAL MENTION KEY WORDS: Students, Welfare
TITLE: Need to give educational loans to the poorer section of the society.
PARTICIPANTS: Shri Aruna Kumar Vundavalli , Smt. Daggubati Purandareswari
Even to fabricate a nature of this sort it needs a novelist, thus happened in reality. In fact, there are still to mention that would be discreet. We could find no way to handle when these managers as they disown the very idea of implementing the Hon’ble FM’s assurance in parliament and subsequently put my daughter, family and guarantor, all in vulnerable state through a mental strain and apathetic.
Blessing to my request, please be ordered into trust for so many unearthed truths and I am thankful, greatly for the same.
Yours sincerely
Dated: Aug. 17, 06, Chennai-600064
Encl: complaint dt.16/06/06 & copy of parliament debate G Dhandapani
Copy through e-mail: PNB Headquarters’ Offices, By post: Zonal office & Tambaram branch.
Monday, October 09, 2006
Sunday, September 17, 2006
CHANGE FOR THE BETTER!
It only takes one person to change your life-you.
-Ruth Casey
CHANGE is not easy, but it is absolutf?ly unavoidable. Doors will close. Barriers will surface. Frustrations will mount. Nothing stays the
same forever, and it is such folly to wish otherwise. Growth accompanies positive change; determining to risk the outcome, resulting from a changed behavior or attitude, will enhance our self-perceptions. We will have moved forward; in every instance, our lives will be influenced by making a change that only each of us can make.
We have all dreaded the changes, which we knew we had to make. Perhaps even now we fear some impending changes. Where might they take us? It is difficult accepting that the outcome is not ours to control. Only the effort is ours. The solace is that the positive changes, which we know are right for us and other people in our lives, are never going to take us astray. In fact, they are necessary for the smooth path, just beyond this stumbling block.
When we are troubled by circumstances in our lives, a change is called for, a change that we must initiate. When we reflect on our recent as well as distant past, we will remember that the changes we most dreaded again and again have positively influenced our lives in untold ways.
Change ushers in glad, not bad, tidings.
-Ruth Casey
CHANGE is not easy, but it is absolutf?ly unavoidable. Doors will close. Barriers will surface. Frustrations will mount. Nothing stays the
same forever, and it is such folly to wish otherwise. Growth accompanies positive change; determining to risk the outcome, resulting from a changed behavior or attitude, will enhance our self-perceptions. We will have moved forward; in every instance, our lives will be influenced by making a change that only each of us can make.
We have all dreaded the changes, which we knew we had to make. Perhaps even now we fear some impending changes. Where might they take us? It is difficult accepting that the outcome is not ours to control. Only the effort is ours. The solace is that the positive changes, which we know are right for us and other people in our lives, are never going to take us astray. In fact, they are necessary for the smooth path, just beyond this stumbling block.
When we are troubled by circumstances in our lives, a change is called for, a change that we must initiate. When we reflect on our recent as well as distant past, we will remember that the changes we most dreaded again and again have positively influenced our lives in untold ways.
Change ushers in glad, not bad, tidings.
It is wise to love everybody
“I can't live without her." “I must have it." “My world will fall apart without you.”
These are all statements familiar to our ears and most likely we ourselves at some point have made similar statements with all sincerity and earnestness. We get attracted and become attached 'to' a particular object, persons, relationship or situation.
Attachment seems to be the normal state of our living experience. We seek it without second thought.
Husbands are attached to their wives, parents are attached to their children and, vice versa. The variety of patterns of attachments is endless.
Is attachment a desirable state? Does it bring us the satisfaction we are seeking in life?
When a person' develops a strong attachment, he is likely to become sorrowful when the
attachment is broken or reduced. His emotional and mental state is bound to suffer. The broken heart, the mental illness, the hatred, the jealousy and sometimes suicide are all the results of broken or reduced attachments.
It is a very risky business to make the happiness of others our total happiness; to experience the difficulties of other as our difficulties. We should never build our life to such an extent around someone else's life or any objects so that when anything goes wrong with that life or objective cannot function or we fall apart. It is healthier and wise to love everything and everybody, play our roles and perform our duties to the maximum with everything and everybody and still remain detached.
These are all statements familiar to our ears and most likely we ourselves at some point have made similar statements with all sincerity and earnestness. We get attracted and become attached 'to' a particular object, persons, relationship or situation.
Attachment seems to be the normal state of our living experience. We seek it without second thought.
Husbands are attached to their wives, parents are attached to their children and, vice versa. The variety of patterns of attachments is endless.
Is attachment a desirable state? Does it bring us the satisfaction we are seeking in life?
When a person' develops a strong attachment, he is likely to become sorrowful when the
attachment is broken or reduced. His emotional and mental state is bound to suffer. The broken heart, the mental illness, the hatred, the jealousy and sometimes suicide are all the results of broken or reduced attachments.
It is a very risky business to make the happiness of others our total happiness; to experience the difficulties of other as our difficulties. We should never build our life to such an extent around someone else's life or any objects so that when anything goes wrong with that life or objective cannot function or we fall apart. It is healthier and wise to love everything and everybody, play our roles and perform our duties to the maximum with everything and everybody and still remain detached.
Friday, September 15, 2006
UK(HSMP),Student Visa Interview Guide or New Zealand Immigration??
The Highly Skilled Migrant Programme is one option that may be available to
people wanting to immigrate to the UK or who are interested in getting a work
permit for the UK. The Highly Skilled Migrant Programme operates on a
points-based system. The Highly Skilled Migrant
Program in the UK differs from the UK Work Permit
Student visa Interview Points:
You must not intend to work in UK unless you are accepted for a
course lasting longer than six months, when you may work part-time or
during vacations.
You must intend to leave UK at the end of your studies.
Documents Required For a Student Visa. A letter of acceptance on the course
people wanting to immigrate to the UK or who are interested in getting a work
permit for the UK. The Highly Skilled Migrant Programme operates on a
points-based system. The Highly Skilled Migrant
Program in the UK differs from the UK Work Permit
Student visa Interview Points:
You must not intend to work in UK unless you are accepted for a
course lasting longer than six months, when you may work part-time or
during vacations.
You must intend to leave UK at the end of your studies.
Documents Required For a Student Visa. A letter of acceptance on the course
Education Abroad...?
How one can get the free scholarships? Every institute first of
all takes the tests from all the applicants and prepares the grant
of scholarships for the eligible applicants.
Another way is that every year thousands of scholarships are wasted,
which are offered by companies (as part of the agreement with the govts.)
only because of unawareness among the students.
all takes the tests from all the applicants and prepares the grant
of scholarships for the eligible applicants.
Another way is that every year thousands of scholarships are wasted,
which are offered by companies (as part of the agreement with the govts.)
only because of unawareness among the students.
Sunday, August 27, 2006
Need to give educational loans to the poorer section of the society.
TYPE OF DEBATE: SPECIAL MENTION KEY WORDS:Students , Welfare DATE: 29-04-2005
TITLE: Need to give educational loans to the poorer section of the society.
PARTICIPANTS: Shri Aruna Kumar Vundavalli , Smt. Daggubati Purandareswari
PART II PROCEEDINGS OTHER THAN QUESTIONS AND ANSWERS (XIV LOK SABHA)
SHRI ARUNA KUMAR VUNDAVALLI (RAJAHMUNDRY): Sir, my issue is regarding Education Loan Scheme. Even though the guidelines in respect of the Education Loan Scheme clearly says that no security is needed for loans below Rs. 4 lakh, the bankers are rejecting all the applications given by the people belonging to lower middle class and below the poverty line. They cite the following clause for rejecting the applications.
"Where reputation/standing of the course/institution do not afford certainty of employment prospects commensurate with the repayment liability on completion of the course, the aspect of repayment capacity/income level of the parent(s) will need to be taken into account while deciding the quantum of finance/evaluating repayment capability or the desirability of sanctioning the loan. "
Showing this clause they are rejecting the applications of those people who are not in a position to provide any security. When I asked a banker to write down in the application that it is rejected on this ground, he said the application did not fulfill the other requirements such as borrower's bank account statement for the last six months; income tax assessment order of the last two years; brief statement of assets and liabilities of the co-borrower; and proof of income. A person who belongs to a BPL family cannot submit all this.
SHRI ARUNA KUMAR VUNDAVALLI:
I would like to request the hon. Finance Minister that some sort of order should be given to the banks to the effect that whenever meritorious students apply for loan, especially those belonging to BPL families and middle class families, they should be provided loans so that they can use it and come up in life. Thank you.
SHRIMATI D. PURANDESWARI (BAPATLA): I associate with the observation of the hon. Member.
MR. SPEAKER: All hon. Members are associating with what he said.
THE MINISTER OF FINANCE: I gave information in this House that as of December, one lakh forty thousand education loans have been sanctioned throughout the country. Subsequently also a large number of loans have been sanctioned. I will reveal that number when I reply to the debate on the Finance Bill. Apart from that I have a whole file of applications which I have received. My officers have sent it to the banks concerned or the concerned branch of the bank and we have got responses. In eight out of ten cases, loans have been sanctioned. If the hon. Member has such a bad case in hand, he can give me the details. This is a very bad case. Even if one-half of the allegations made are correct, it is a very bad case of an irresponsible attitude of the Manager of the branch of the bank. Please give the name of the bank and the branch to me. I will take action.… (Interruptions)
MR. SPEAKER: You send it to him.
SHRI P. CHIDAMBARAM: Give the particulars to me. Give me the list. … (Interruptions)
MR. SPEAKER: The hon. Minister has assured you. You have got more than what you expected.
SHRI P. CHIDAMBARAM: Give me the list and I will take action. There are 100s of applications.MR. SPEAKER: I appreciate the immediate and favourable response of the hon. Minister.
TITLE: Need to give educational loans to the poorer section of the society.
PARTICIPANTS: Shri Aruna Kumar Vundavalli , Smt. Daggubati Purandareswari
PART II PROCEEDINGS OTHER THAN QUESTIONS AND ANSWERS (XIV LOK SABHA)
SHRI ARUNA KUMAR VUNDAVALLI (RAJAHMUNDRY): Sir, my issue is regarding Education Loan Scheme. Even though the guidelines in respect of the Education Loan Scheme clearly says that no security is needed for loans below Rs. 4 lakh, the bankers are rejecting all the applications given by the people belonging to lower middle class and below the poverty line. They cite the following clause for rejecting the applications.
"Where reputation/standing of the course/institution do not afford certainty of employment prospects commensurate with the repayment liability on completion of the course, the aspect of repayment capacity/income level of the parent(s) will need to be taken into account while deciding the quantum of finance/evaluating repayment capability or the desirability of sanctioning the loan. "
Showing this clause they are rejecting the applications of those people who are not in a position to provide any security. When I asked a banker to write down in the application that it is rejected on this ground, he said the application did not fulfill the other requirements such as borrower's bank account statement for the last six months; income tax assessment order of the last two years; brief statement of assets and liabilities of the co-borrower; and proof of income. A person who belongs to a BPL family cannot submit all this.
SHRI ARUNA KUMAR VUNDAVALLI:
I would like to request the hon. Finance Minister that some sort of order should be given to the banks to the effect that whenever meritorious students apply for loan, especially those belonging to BPL families and middle class families, they should be provided loans so that they can use it and come up in life. Thank you.
SHRIMATI D. PURANDESWARI (BAPATLA): I associate with the observation of the hon. Member.
MR. SPEAKER: All hon. Members are associating with what he said.
THE MINISTER OF FINANCE: I gave information in this House that as of December, one lakh forty thousand education loans have been sanctioned throughout the country. Subsequently also a large number of loans have been sanctioned. I will reveal that number when I reply to the debate on the Finance Bill. Apart from that I have a whole file of applications which I have received. My officers have sent it to the banks concerned or the concerned branch of the bank and we have got responses. In eight out of ten cases, loans have been sanctioned. If the hon. Member has such a bad case in hand, he can give me the details. This is a very bad case. Even if one-half of the allegations made are correct, it is a very bad case of an irresponsible attitude of the Manager of the branch of the bank. Please give the name of the bank and the branch to me. I will take action.… (Interruptions)
MR. SPEAKER: You send it to him.
SHRI P. CHIDAMBARAM: Give the particulars to me. Give me the list. … (Interruptions)
MR. SPEAKER: The hon. Minister has assured you. You have got more than what you expected.
SHRI P. CHIDAMBARAM: Give me the list and I will take action. There are 100s of applications.MR. SPEAKER: I appreciate the immediate and favourable response of the hon. Minister.
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