Bank should stop asking for collateral for education loan

Bank should stop asking for collateral for education loan

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Sabiha Ahmad started this petition to Finance Minister and

I am writing this in hope that several students like me can be benefited. In India, one of the criteria for education loan is that student has to give collateral. I really don't understand, the meaning of loan is that a person needs money from bank because there isn't any other way. Taking loan from bank is the last resort for any middle class family. If I had property or FD, etc., why would I knock the doors of bank for an education loan. I am not getting education loan because I don't have any collateral to show and I believe a lot of students like me face the same issue, and thus kill their dreams  of higher education in India or abroad. 

An education loan should help deserving students get education loan without any hurdle. Many developed countries don't have such clauses and loans are easily available. Only if youth are given weapon of education, country will progress towards development.

I urge each one of us to raise our voice to be heard so that clauses in education loan can be amended to make it accessible to all deserving students. 

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!