Tag: Finance Ministry
Centre to roll out new education loan scheme by festive season
New Delhi: The government is likely to introduce its revamped education loan scheme before the start of the festive season, two people aware of the matter said. The scheme’s details are being finalised by the education department in collaboration with the finance ministry, with an anticipated rollout by October, the people mentioned above said. Finance minister Nirmala Sitharaman announced the new scheme offering loans of up to ₹10 lakh for 100,000 students to pursue higher education in the annual Budget presented in July. The new scheme will provide a maximum collateral-free loan of ₹7.5 lakh to each student, who can ... Read more