• Georgi Mathew Varughese
• Salu Mol E K

Priority sector refers to those sectors of the economy which do not get a timely or essential credit in the absence of special containment. The priority sector lending has been initiated by the RBI and instructed to the commercial banks to provide a certain portion of the bank lending to some requisite sectors. The problem of unemployment is rising but many industries are facing the problem of skilled candidate for their company. We can see a boom of software industries and out sourcing industries in India, but still facing the problem of unemployment. For reducing the cost of production and work load companies in developed nations adopt outsourcing, and their first preference is India but these out sourcing companies still facing the problem of unemployment. Giving better education is best way to perform in this trajectory. But the question arising here is that how to make affordable education. The education loan has great scope in the Indian economy when the educational credit becomes more affordable. Major aim of providing loans in educational sector is to make qualified personals. But we are facing some challenges, in the area of employment generation. This means people are educated but they are not employed. Most of the organizations or industries are hiring people with technical skills. Skill development bridges the gap between labour and employment. So, the educational loans provided through the priority sector lending must focused on the skill development programmes. It will help the country to reduce unemployment and, this help our country become a developed nation.

Priority sector lending, Education loan, Bank loan, Literacy,

"Priority Sector Lending and Affordability of Education: Scope and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 6, page no.a595-a598, June-2022, Available :http://www.jetir.org/papers/JETIR2206070.pdf

"Priority Sector Lending and Affordability of Education: Scope and Challenges", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 6, page no. ppa595-a598, June-2022, Available at : http://www.jetir.org/papers/JETIR2206070.pdf