इंडियन आवाज़     22 Feb 2024 03:54:55      انڈین آواز

Delhi govt to give education loans up to Rs 10 lakh


Delhi Government Thursday gave its nod to the Higher Education and Skill Education Guarantee Scheme for the students. The decision to this effect was taken at a Cabinet meeting. Briefing reporters, Deputy Chief Minister Manish Sisodia said, under the scheme, students would be provided 10 lakh rupees as loan without any collateral or third party guarantee or margin money. He said, there will also be no processing charges for it.

Mr Sisodia said, students pursuing any skill development or diploma or degree course after completing qualifying examination from any educational Institution in Delhi are eligible under this scheme. Mr Sisodia said, the scheme will also be applicable for ITIs and polytechnic colleges.The maximum interest rate would be lower than the normal education loans as compared to the banks.The loan repayment schedule will carry a moratorium period covering the years required to complete the course and one year thereafter to find a job.Repayment of loan will be in Equated Monthly Installments of 15 years.

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