INTEREST WAIVER ON EDUCATION LOAN: BUDGET 2014 OF CONGRESS

Congress does nothing for the people. All it does is highlights things big to attract Votes. I was very happy to hear the budget speech wherein Congress announced waiving off Education Loan Interest in earlier cases. Now, I understand that they have put a condition that people with annual income of Rs 4 Lacs are eligible for that. Would any person in that segment apply for education loan? Do Banks give loan without mortgaging property?
Anyone, who has taken education loan must be eligible for that waiver. The biggest sufferers are the middle class people. AAP must inform this gimmick of Congress to attract middle class, and promise cheap education loan in future with waiver on old cases that for sustainable development of the country. more  

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