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Why education loan is at 12% and car loan at 8%, even when it is made fundamental right? [Closed]
Wanderlust answered 27 Apr, 10, 10:58 AM
Its a curse on us!!! I suppose....
they just sit and promise us the sky where as in reality, they mankes rules to syphon off the money...................alas
Jaydeep answered 27 Apr, 10, 11:00 AM
Very thought provoking question provided the data is correct, it could be that education loan is on a reducing balance where as car loan is charged flat and in that case it could be effectively higher than education loan.
But, if it is the case, then it is very clear that this "fundamental right" thing is actually a farce and no political parties are keen, it is more of a PR exercise, no body said that you can't get education but whether the country has enough infrastructure to provide education to millions is the question. Most of the villages have no school building, teachers are appointed by political parties who don't teach, just take the salaries and many are not even willing to go to villages to teach, so this fundamental right does not do much in ground.