  The RBI, in view of the importance of education and the need to bring more students under the category of “education loans”, has classified such loans and advances granted to individuals for educational purposes up to Rs. 10 lakh for studies in India and Rs. 20 lakh for studies abroad, under “priority sector”.
  In June 2004, the scope of definition of “infrastructure lending” was expanded to include construction of educational institutions. Accordingly, schools and colleges can now avail bank finance for improving their infrastructure.