India: Indian students who fled war-torn Ukraine now wary of loan repayments
India/ 05 April, 2022/ https://www.indiatoday.in/
The Indian students who managed to get out of Ukraine are now facing a financial burden over repayment of education loans.
By Rahul Shrivastava
Thousands of Indian students fled Ukraine after Russian President Vladimir Putin declared war on the nation. But even as they somehow managed to evacuate from the war-torn nation, the students who were pursuing higher studies in Ukraine are now staring at an unprecedented financial burden, with loan repayment an immediate worry.
According to the Ministry of External Affairs, around 22,500 Indian nationals, mostly students, have returned from Ukraine to India since 1 February 2022. The government provided all possible assistance in terms of shelter, food and medical attention to displaced Indians who crossed over to the western neighbours of Ukraine. They were eventually evacuated through flights operated under Operation Ganga.
However, a safe return to their homes has not ended the worries for the Indian students. The government says that as per information received from public sector banks and 21 private sector banks, the Indian Banks’ Association, as on 31 December 2021, a little more than 1,300 students had availed education loans to pursue education in Ukraine.
The outstanding education loan balance against 1319 students stands at Rs 121.61 crore.
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