पंजाब नैशनल बBक

!रटे ल आ'(यां ,भाग, ,धान काया2लय

PUNJAB NATIONAL BANK
RETAIL ASSETS DIVISION, HEAD OFFICE
Ø In view of the above and to have a uniformity in capturing the name of the
Educational Institutes covered under PNB Pratibha, a functionality has been
developed by ITD HO for capturing the name of the institutions.

Ø A dropdown list has been provided in the field “Affiliated University” under
EDULOANM menu option. The detailed flow chart with screen shots for the same
is mentioned in Annexure - J.

Ø Field functionaries are advised to capture the name of the institutes invariably in
all PNB PRATIBHA Education Loan account through EDULOANM menu
option.

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10. Expenses considered for loan under PNB Pratibha:

I. Fee payable to college/ school/ hostel.*

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II. Examination/ Library/ Laboratory fee.
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III . Insurance premium for student borrower, if applicable.
IV. Caution deposit, Building fund/refundable deposit supported by Institution
bills/receipts. **
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V. Purchase of books/ equipment’s/ instruments/ uniforms.***

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VI. Purchase of computer at reasonable cost, if required for completion of the

course.***
VII. Any other expense required to complete the course - like study tours, project
work, thesis, etc.***
VIII. While computing loan required, scholarships, fee waiver etc., if any
available to the student borrower may be taken into account.
IX. Travel expenses/passage money for studies abroad in case of
advances under Udaan scheme.
X. Two wheeler upto Rs. 1,00,000/- on submission of quotation. Payment should
be made to dealer directly through NEFT. Hypothecation charge must be
created as per existing guidelines applicable for two wheeler loan. Copy of
invoice is to be kept on record.
XI. Personal living expenses upto Rs. 1,00,000/- for courses upto 1 year and Rs.
2,00,000/- for courses more than 1 year on declaration basis without any
receipts. (Payment to be done on quarterly basis)

If the scholarship component is included in the loan assessment, it may be

ensured that the scholarship amount gets credited to the loan account when
received from the Government.
Page 33 of 76
RAD CIRCULAR No. 105/2023: EDUCATION LOAN SCHEME FOR PURSUING HIGHER EDUCATION
“Confidential - strictly for internal circulation only”
 पंजाब नैशनल बBक
!रटे ल आ'(यां ,भाग, ,धान काया2लय
PUNJAB NATIONAL BANK
RETAIL ASSETS DIVISION, HEAD OFFICE

*Lodging and boarding charges be considered in case the student chooses / is

required to opt for outside accommodation. However, these charges should not
exceed the charges stipulated by the respective college/ University for the
accommodation/ hostel facilities provided by them. In case, no such facility is
provided by the college/ educational institute, the charges being levied by other
colleges/ educational institutes in the area shall be applicable. However, in cases
where these facilities are not being provided by any educational institutes in the
area where the respective institute is situated, sanctioning authority to take a
decision in the matter after taking a realistic view regarding expenses on boarding/
lodging based on local enquiries/ market reports etc., which shall also form a part
of appraisal note.

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Reimbursement of expenses incurred by student borrower towards lodging and
boarding charges, in case they opt for outside accommodation other than that
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provided by College/ University, be allowed on the basis of self- declaration of the
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student borrower in having incurred these expenses to the extent the amount was
taken into consideration at the time of sanction of loan.
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**
These expenses could be considered subject to the condition that the amount
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does not exceed 10% of the total tuition fees for the entire course.

***
It is likely that expenditure under Item Nos. v, vi & vii above may not be available
in the schedule of fees and charges prescribed by the college authorities.
Therefore, a realistic assessment may be made of the requirement under these
heads. However, the maximum expenses included under v, vi & vii may be capped
at 25% of the total tuition fees payable for completion of the course under PNB
Pratibha.

Note: Applicable to “PNB Pratibha” - Education loan scheme:

Expenditure on study tours/ student cultural exchange program has been

excluded from the capping of 25% as mentioned above, it will be subject to
specific inclusion of this cost in fee structure provided by the institute at the time of
admission and will be within the overall maximum ceiling limit specified under “PNB
Pratibha” of the respective institute.

Page 34 of 76
RAD CIRCULAR No. 105/2023: EDUCATION LOAN SCHEME FOR PURSUING HIGHER EDUCATION
“Confidential - strictly for internal circulation only”
 पंजाब नैशनल बBक
!रटे ल आ'(यां ,भाग, ,धान काया2लय
PUNJAB NATIONAL BANK
RETAIL ASSETS DIVISION, HEAD OFFICE

Capping of 25% will continue to be applicable on other expenditure mentioned at

point v, vi & vii of para ‘10’ above except expenditure on study tour & student
cultural exchange Program abroad.

Requirement of additional Education Loan for the same course, for which
education loan has already been sanctioned, be dealt with by taking it as a part of
the original project and considered on merits by the competent authority within the
vested powers.

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*******
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RAD CIRCULAR No. 105/2023: EDUCATION LOAN SCHEME FOR PURSUING HIGHER EDUCATION
“Confidential - strictly for internal circulation only”