Education loan mela by SBI
Our Correspondent

Ludhiana, June 27
The State Bank of India organised a one-day “Education Loan Mela” at its Civil Lines branch here today. As many as 101 loans amounting Rs 4.5 crore were sanctioned during the mela. A large number of students, accompanied by their parents, attended the mela and were briefed about the schemes run by the bank. Sanction letters were handed over to the students who had applied for the loan on the occasion.

Mr Samir Saran and Mr S.K. Jain, Deputy General Manager and Assistant General Manager, respectively, SBI, Ludhiana, module addressed the gathering. Mr Saran gave details of the loan campaign, which was started about a fortnight ago, to spot aspiring students who intended to avail of the scheme for studies in India as well as abroad. The campaign will continue till the end of July, he added.

The DGM further informed that the process of availing of the education loan was simple, with no processing charges and no pre-payment penalty. Students studying in India could avail of loan up to Rs 7.50 lakh and those studying abroad could avail of loan of Rs 15 lakh each, which covered tuition fee, books and equipment and cost of passage for studies abroad.

For repaying the loan amount, Mr Saran said, the bank offered a long period of 5-7 years starting one year from the completion of education or six months of getting the job.

A powerpoint presentation of loan was also made. The gathering was also told about the salient features of other schemes run by the bank i.e. SBI Life Insurance, SBI Mutual Fund, SBI Cards and the New India Assurance Co. with which the bank had recently entered into collaboration. Mr L.C. Hans, Assistant General Manager, region-I, Ludhiana module, and Mr G.C. Lakhanpal, AGM, SBI Miller Ganj also addressed the participants.

Prize distribution function held
Our Correspondent

Mandi Gobindgarh, June 27
The Desh Bhagat Institute of Management and Computer Sciences, Mandi Gobindgarh, organised a prize distribution function for students who participated in the free computer courses and personality development programmes. Parents of students, various eminent persons and principals of neighbouring institutes participated.

The chief guest, Mr Daya Singh, District Education Officer, Fatehgarh Sahib, emphasised the importance of technical education in the present era. He cited the example of Guru Angad Dev Ji, that every person could meet him at any time except when he was teaching his disciples, so teachers should also adopt this principle while they were busy teaching their students. “In the age of globalisation, we cannot afford to isolate from the world in the field of education. So we should emphasise on science and technology. India will be one of the advanced countries of the world in the coming days,” the chief guest maintained.

Principal Roshan Lal Sood advised the youth to refrain from drug addiction and adopt good habits for the formation of a good society.

Ms Shalini Gupta, Director of the institute, said the institute had been providing quality education to students and spreading awareness of professional degrees among the rural areas. She gave a detail of various courses run by the institute and said the institute provided scholarships to five toppers of each school who got admission in the institute after passing the plus two examination. 

SPORTS

MC XI win by 7 wickets
Our Sports Reporter

Ludhiana, June 27
MC XI, helped by Rinku’s 35 and skipper Sunil Sharma’s 21 defeated Sood XI by seven wickets in the ongoing cricket tournament being played at the Satish Chander Dhawan Government College for Boys ground here today.

Brief scores: Sood XI-110 all out in 25 overs (Jupinder 18, Nitin Pandey 17 and Ashok Nagi 14; Sidharth 3 for 32 and P Gandhi 3 for 2). MC XI-114 for 3 in 17 overs ( Sunil Sharma 21, Rinku 35 and Parveen Singla 29).