Harish Rao mortgages his Siddipet home to help PG medical student secure education loan
Former minister T. Harish Rao mortgaged his Siddipet house to help a postgraduate medical student secure an education loan after banks sought collateral. He also gave personal financial assistance, enabling the student to continue her Ophthalmology studies.
Siddipet: In a rare gesture by a politician, Former Minister T Harish Rao has decided to mortgage his own house in Siddipet to help a PG medical student to get an educational loan.
Harish Rao took the decision after the girl and her father approached him seeking his help in Siddipet recently. The girl Konka Mamatha, who has completed her MBBS from Siddhartha Medical College in Vijayawada, has got PG (Ophthalmology) in SVS Medical College located in Mahabubnagar.
Since she needs to pay Rs 7.50 lakh per annum tuition for three consecutive years, Mamatha along with her father Ramachandram, who was working as a tailor in Siddipet, approached a bank. However, the bank management had asked the girl to mortgage some property to accept her application.
Since the family owned no properties, they approached Harish Rao seeking his help. The girl actually would need to pay the tuition fee before December 18. After talking to the bank management, Rao mortgaged his own house in Siddipet and helped the girl to get Rs 20 lakhs loan.
He helped the girl in getting the loan intime. Rao, who met the girl’s family over breakfast, also presented Rs one lakh cash from his own pocket to help Mamatha pay her hostel fees.
Earlier, Rao also mortgaged his house to help the Siddipet auto credit cooperative society to borrow loans some three years ago after encouraging the auto drivers to set up the cooperative society. Ramachandram and Mamatha thanked Harish Rao for his help.
Since there was none to help them, Mamatha said that they have approached the former minister seeking his support. The young doctor said that Rao also helped her when she joined MBBS.
