New Delhi: According to the report, the number of education loans disbursed in India has reduced by 25 per cent in the past four years. As of March 31, 2019. Apart from this, during this period, the number of active loans accounts also declined.

As per report,  the number of students able to secure loans fell to 2.5 lakh from 3.34 lakh students as of March 31, 2015. However, it may be noted that the total loan amount disbursed has increased 34 per cent to Rs 22,550 crore in the fiscal year 2019 from Rs 16,800 crore in the financial year 2016, which indicates that banks are keen only on funding higher-sized loans.

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According to report of ToI, The main reason for the decline is that high non-performing assets levels. These have nearly doubled to 12.5 per cent in the past four years.

The total number of active loan accounts or students declined to 27.8 lakh from 34 lakh in the past four years. Meanwhile, the average ticket-size of loans hiked to Rs 9 lakh from Rs 5.3 lakh during the same period.

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Credit bureau CRIF Highmark, SVP, Parijat Garg said, "Banks are looking at a value game. They are no longer interested in volumes."