This loan by ICICIBank is for financing higher education of themselves (customers) or their children, siblings or grand children in accredited educational institutions located across the globe.

They can furnish the sanction letter to the educational institute to confirm their admission. The ‘Insta Education Loan’ facility of ICICI Bank significantly improves customer convenience as they can now generate the sanction letter themselves in just a few clicks using the Bank’s internet banking platform.

It does away with the need of having to visit a bank branch and submitting a whole lot of documents.
Speaking about the launch of this facility Mr. Sudipta Roy, Head (Unsecured Assets), ICICI Bank said as part of our constant endeavour to fulfil the dreams of lakhs of aspiring students, we are pleased to introduce instant approval of sanction letter for education loans against fixed deposits held with the ICICI Bank.

Students can now complete the application process of colleges, universities without worrying for their financial requirements.

They along with their parents can avail this facility with digital convenience and without any hassle of paper work.

This facility by ICICI Bank will bring down the turnaround time for getting the sanction letter from days to a few minutes.

A few salient features of this facility by ICICI Bank is that it has instant sanction whereby customers get the sanction letter instantly through email, without visiting a branch.

The other salient feature of this facility by ICICI Bank is flexibility, whereby customers can apply for loans upto 90 percent of their fixed deposits with the Bank for their children, siblings, grand-children or themselves.

The loan amount provided under this facility of ICICI Bank has wide range for students seeking admission in international institutes. The loan amount by ICICI Bank ranges between Rs. 10 lakh and Rs. 1 crore.

The loan amount varies from Rs 10 lakhs to Rs 50 lakhs for students who are seeking admission in educational institutions situated in India.

The loan by ICICI Bank is easy to apply, customers can choose the loan amount and tenure of repayment up to 10 years through internet banking platform of the Bank with just a few clicks.

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Another feature of this facility by ICICI Bank is the tax benefits, full interest payment on the amount of ‘Insta Education Loan’ up to 8 years is allowed as deduction from annual taxable income, as per the Section 80E of Income Tax Act, 1961.

How to access the education loan by ICICI Bank? Customers have to login to the bank’s internet banking platform and check for the pre-approved offer.

After that customers must enter the loan details like the loan amount, repayment tenure, name of college / university and cost of study.

The calculator automatically displays the details of the Equated Monthly Instalment (EMI). Then the information of the student like his or her name, date of birth and relation with the student must be provided.

OTP will be sent to the registered mobile number of ICICI Bank customer. After payment of processing fee, a sanctioning letter is generated instantly.

The provisional sanction letter is sent to the registered email of the customer along with details of the designated relationship manager.

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The final disbursement of the loan can be obtained after the customers of the bank get in touch with the relationship manager mentioned in the email of the sanction letter.

Customers can also visit the nearest bank branch for submission of the documents. The link to be accessed to know more about the education loan is ‘https://www.icicibank.com/Personal-Banking/loans/education-loan/insta-educationloan.page?#toptitle’

This innovative hydrogel-based therapy delivers anti-cancer drugs directly to tumor sites, significantly reducing the side effects typically associated with conventional cancer treatments.

The paper is co-authored by Prof. Debapratim Das, along with his research scholars Ms. Tanushree Das and Ms. Ritvika Kushwaha from IIT Guwahati, and collaborators Dr. Kuldip Jana, Mr. Satyajit Halder, and Mr. Anup Kumar Misra from Bose Institute Kolkata.

Surgical removal of tumors is sometimes not feasible, particularly for internal organs, while chemotherapy’s systemic delivery often results in harmful side effects by affecting both cancerous and healthy cells.

Design

Prof. Debpratim Das, Department of Chemistry, and his team at IIT Guwahati addressed these challenges by designing a hydrogel that delivers drugs precisely to the tumor site, ensuring localized action.

Water-based

Hydrogels are water-based, three-dimensional polymer networks capable of absorbing and retaining fluids. Their unique structure mimics living tissues, making them suitable for biomedical applications.

This newly developed hydrogel acts as a stable reservoir for anti-cancer drugs and releases them in a controlled manner, responding to specific conditions in the tumor microenvironment, say researchers from IIT Guwahati.

It responds to elevated glutathione (GSH) levels, a molecule abundant in tumor cells.

Upon encountering high GSH levels, the hydrogel triggers a controlled drug release directly into the tumor, minimizing its interaction with healthy tissues and reducing systemic side effects, say sources from IIT Guwahati.

Department of Chemistry at IIT Guwahati

Speaking about the breakthrough, Prof. Debapratim Das, Dept. of Chemistry, IIT Guwahati, said, “This work exemplifies how scientific innovation can directly address the pressing needs of cancer treatment.

The hydrogel’s unique properties allow it to work in harmony with the biological environment, offering precision where it is needed most, said Prof Debapratim Das of IIT Guwahati.

We are excited by its potential to transform our thoughts about localized drug delivery, he said.

Preclinical trials

In preclinical trials on a murine model of breast cancer, the hydrogel showcased remarkable efficacy.

A single injection of the hydrogel, loaded with the chemotherapy drug Doxorubicin, resulted in a ~75% reduction in tumor size within 18 days.

Crucially, the hydrogel remained localized at the tumor site, steadily releasing the drug over time without causing detectable side effects on other organs.

Delivery system

This innovative delivery system enhances the drug’s effectiveness while reducing the required dosage, thus minimizing toxicity.

Laboratory studies further demonstrated that the hydrogel improves drug uptake by cancer cells, induces cell cycle arrest, and promotes programmed cell death, thereby attacking tumors on multiple fronts.

Further studies

Further studies are going on to find out the maximum amount of reduction in the size of the tumor by a single dose. Moreover, we are also looking into other types of tumors, say sources from IIT Guwahati.

Once all the studies are complete, will apply to take the material for clinical trial and are looking for an appropriate partner to do the same.

At present, the Institute has eleven departments, nine interdisciplinary academic centres and five schools.

They are covering all the major engineering, science, healthcare, management, and humanities disciplines, offering BTech, BDes, BSc(Hons), MA, MDes, MTech, MSc, MS(R), MBA and PhD programmes.

The institute offers a residential campus to 455 faculty members and more than 8,600 students at present.

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