DMK leader M. Karunanidhi on Tuesday said the AIADMK government should fulfil its election promise by repaying education loan borrowed by students. In a statement here, he said a few students had committed suicide as they could not repay their education loan. “They will be able repay the amount only if they get employment,” he said.
Mr. Karunanidhi said in Tamil Nadu alone, banks had released Rs. 16,000 crore as educational loan and the State Bank of India had sold its bad educational loans (non-performing assets) to a private asset reconstruction company. He accused the company of functioning “like those involved in usury” and harassing the students.(THE HINDU,2016)