Maharashtra, Kerala, Andhra Pradesh and Tamil Nadu have emerged as the leading states in public sector bank (PSB) education loan disbursals over the last three financial years, according to Reserve Bank of India (RBI) data shared in the Rajya Sabha.
Between FY 2022-23 and 2024-25 (provisional), Maharashtra recorded Rs 11,426.47 crore in sanctioned education loans, followed by Kerala with Rs 8,937.78 crore, Andhra Pradesh at Rs 8,101.06 crore, and Tamil Nadu at Rs 7,198.63 crore.
The figures were presented in a written reply to a question by MP Neeraj Shekhar.
At the other end, Lakshadweep, Mizoram, Arunachal Pradesh and Nagaland saw the lowest loan disbursals, with amounts ranging from Rs 0.17 crore to Rs 19.76 crore.
STATE-WISE EDUCATION LOAN DISBURSALS (FY 2022-23 to 2024-25)
| Rank | State/UT | Amount Disbursed (Rs Crore) |
|---|---|---|
| 1 | Maharashtra | 11426.47 |
| 2 | Kerala | 8937.78 |
| 3 | Andhra Pradesh | 8101.06 |
| 4 | Tamil Nadu | 7198.63 |
| 5 | Telangana | 6178.60 |
| … | … | … |
| 36 | Lakshadweep | 0.17 |
SBI MAINTAINS TOP POSITION AMONG BANKS
Among PSBs, the State Bank of India emerged as the largest lender, disbursing Rs 32,311.02 crore in education loans during the same three-year period. Union Bank of India followed with Rs 14,558.77 crore, and Bank of Baroda came third at Rs 8,468.53 crore.
Punjab and Sind Bank reported the lowest disbursal amongst PSBs, at Rs 542.42 crore.
BANK-WISE EDUCATION LOAN DISBURSALS (FY 2022-23 to 2024-25)
| Bank | Amount Disbursed (Rs Crore) |
|---|---|
| State Bank of India | 32311.02 |
| Union Bank of India | 14558.77 |
| Bank of Baroda | 8468.53 |
| Canara Bank | 7094.19 |
| Punjab National Bank | 5004.71 |
| … | … |
| Punjab and Sind Bank | 542.42 |
REPAYMENT TRENDS AND NPA LEVELS
RBI data also revealed patterns in gross non-performing assets (GNPAs) for education loans. While several banks saw a decline in NPA levels, amounts remain substantial for some lenders.
SBI’s GNPAs stayed relatively stable, moving from Rs 372 crore in 2023 to Rs 382 crore in 2024, and Rs 336 crore in provisional 2025 figures.
BANK-WISE GNPA FIGURES (Education Loans)
| Bank | 2023 GNPA (Rs Crore) | 2024 GNPA (Rs Crore) | 2025 GNPA* (Rs Crore) |
|---|---|---|---|
| State Bank of India | 372 | 382 | 336 |
| Union Bank of India | 637 | 644 | 336 |
| Bank of Baroda | 63 | 98 | 121 |
| Canara Bank | 843 | 789 | 322 |
| Punjab National Bank | 893 | 733 | 431 |
| … | … | … | … |
2025 data provisional.
SOUTHERN STATES DRIVE DEMAND
The data highlights that the highest demand for education loans comes from southern states, attributed to high enrolment in professional courses and overseas study plans.
Declining NPA levels suggest improved repayment behaviour, though lenders continue to face significant outstanding amounts in the education loan segment.
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