India today has one of the largest educational loan programmes in the world. Over the past five years,
over fifteen lakh students have received loans totaling more than Rs 26,000 crore and are pursuing various
professional courses.
The Indian National Congress now pledges that all students admitted to any recognized course in any
recognized college/university will be provided, on a need basis, either a scholarship or an educational loan
without collateral repayable over a very long period.