The 1st petitioner applied for an education loan for an amount of Rs.4,00,000/- under the Credit Guarantee Fund Scheme for Educational Loans issued by the Ministry of Human Resource Development (Department of Higher Education). The 2nd petitioner is the mother of the 1st petitioner. According to the petitioners, the provisions of the Credit Guarantee Fund Scheme for educational loans, which is on record as Ext.P8 will indicate that a loan upto Rs.7,50,000/- can be sanctioned without any collateral security and third party guarantee. It is submitted that, when the Scheme provides so, it is not proper on the part of the respondent bank to have insisted upon the guarantee of the 2nd petitioner. It is submitted that the application filed by the 1st petitioner for the loan has now been rejected by Ext.P13 on the ground that the 2nd petitioner did not have a satisfactory CIBIL score so as to sanction the loan in favour of the 1st petitioner. In other words, it is the case of the petitioners that the loan is covered by the terms of Ext.P8

Scheme and it is not open to the respondent bank to reject the application on the ground that the CIBIL score of the 2nd petitioner was not