- Interest
free loans should be made available for parents to fund their child’s education
through Direct Benefit Transfer scheme
- Similar loans
should be made available to schools to pay recurring costs such as teacher
salaries, overheads and capital expenditure
April 30, 2020: The Maharashtra English School Trustees
Association (MESTA) has written to the Reserve Bank of India (RBI) governor Mr.
Shaktikanta Das requesting him to provide a monetary package for parents and
schools as the ban on collection of fees by various state governments on
private schools have badly impacted the teachers and support staff resulting in
defaulting in salaries.
On April 24, MESTA had made a similar request to the Maharashtra
Education Minister, Varsha Gaikwad, requesting the withdrawal of the ban on the
collection of fees by private schools as teachers and non-teaching staff were
experiencing a financial crisis due to non-payment of salaries. However, no
statement has so far come out from the state government to this regard.
MESTA’s state president, Sanjay Patil, mentioned that while the RBI
has extended its outreach to various other sectors, education being among the
priority lending sector is in dire need of monetary assistance. He added that
most of the private schools across India have started defaulting on salaries
leaving the teaching and non-teaching staff fighting for their survival and
livelihood.
MESTA
is representing over 18,000 Trustee Members and 80,000 teachers across 37
districts of Maharashtra, and is supporting over two crore teaching and
non-teaching staff’s across five lakh private schools in India as their
survival solely depends on fees collected from their parents. Despite the
adversity, MESTA mentions, teachers have fulfilled their duty and maintained
continuity in education through online learning and other methods
In the letter to the RBI governor, Patil
adds that there should be a joint force to resolve this issue and the Central
Bank has a key role to perform. “Amidst this crisis, it is imperative that
schools, the government and parents operate in close proximity towards ensuring
salaries to teachers and non-teaching staff while simultaneously minimizing the
financial impact on parents.”
Hence,
MESTA state president mentions the need for the RBI to help the education
sector from crippling down and going bankrupt. He suggests a two-point programme
through which the education sector can be revived, salaries can be paid to the
teachers and support staff, preventing schools across the country from shutting
down and ensuring continuity in education.
“Firstly,
since education is under the priority lending sector, loan benefits provided to
other priority sectors should also be extended to the education sector in these
times of crisis. RBI should provide interest-free loans to parents to fund
their child’s education through direct bank transfer or any mechanism deemed
fit by the governor. And secondly, similar interest-free loans should also be
made available to schools to pay recurring costs such as teacher salaries,
overheads, and capital expenditure,” said Mr. Patil adding that this initiative
will reap dividends for the country in the coming years.
ABOUT MAHARASHTRA
ENGLISH SCHOOL TRUSTEES ASSOCIATION (MESTA – An non-profit making initiative to enhance and empower English school in
Maharashtra), founded in 2014
under the leadership of Founder President Hon. Shri SanjayTayadePatil
who is working for the betterment of the English medium school all over
Maharashtra. MESTA being the exclusive and the only platform were the school
trustees have received justice throughout against their various challenges,
operational problems and grievances. MESTA has kept its unique and powerful
existence by being able to forward these grievances and appeals to the
government and create reformation in Maharashtra Education system. Under the
guidance of Hon. Shri. Sanjay TayadePatil and
support of all state office bearers it was fruitfully possible to bring all the
English medium schools under one roof of MESTA.Till today MESTA has
succeeded in enrolling 18,000+ Trustee members and 80,000 teachers setting up
MESTA branches in 37 district of Maharashtra.