Education and Career Forum

Hello everyone, I want to know about the authority which controls education loan systems in India. I have applied for education loan but got rejected twice and I don’t know why? Branch Manager of the Bank is not giving me valid reasons. So, I want to know which authority controls education loan system and what are its rules?

Terms and conditions

Must be an Indian National
Must have secured admission in a reputed college
Must have taken admission in any professional /technical /medical/ degree course.
Must have secured admission on the basis of entrance exam or merit.
Can get upto INR 10 lacs for Indian colleges and INR 20 lacs for abroad colleges.

Reserve Bank of India controls the education loan system in India.