Education Loan - Latest News Update, Information, Photos & Videos on Education Loan at Lokmat Times

Union Finance Minister Nirmala Sitharaman announced the offer of financial assistance for loans up to Rs 10 lakh for higher education institutions in India. According to the Finance Minister, the model sill loan scheme will be revised to facilitate loans up to Rs 7.5 lakh with a government-promoted fund guarantee. This will be a benefit to almost 25,000 students every year."For helping our youth who have not been eligible for any benefit under govt schemes and policies, the government will provide financial support for loans up to Rs 10 lakh for higher education in domestic institutions," FM Nirmala Sitharaman said.Also Read | Union Budget 2024: Amid Bihar Bridge Collapse Incidents, FM Nirmala Sitharaman Announces Rs 26,000 Crore for Road Projects in State."The model skill loan scheme will be revised to facilitate loans up to RS 7.5 lakh with a guarantee from government funds. This measure is expected to help 25,000 students every year," she added.The NDA-led Centre government also announced a new skill development programme, which will help more than 20 lakh youths over 5 years."1,000 ITIs will be upgraded in the hub and spoke model, course content and design will be aligned to the skill needs of the industry, and new courses will be introduced for emerging needs. I am happy to announce a new centrally sponsored scheme for skill development in which 20 lakh youth will be skilled over a period of 5 years," the FM said in her Union Budget speech.Also Read | Union Budget 2024: 'PM Suryaghar Muft Bijli Yojana' to Provide Free Solar Electricity to 1 Crore Households, Announces FM.E-vouchers will be given to over 1 lakh students with an interest subvention of 3 per cent on the loan amount, said FM. "E-vouchers for this purpose will be given directly to one lakh students every year with interest subvention of 3 per cent of the loan amount," Sitharaman added.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Education Loan, NewsFOLLOW

Education loan, Latest News

National :What is PM-Vidyalaxmi? Cabinet Approves New Scheme to Provide Financial Support of Up to Rs 10 Lakh for Students

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved PM Vidyalaxmi, a new Central Sector scheme that ... ...

National :Union Budget 2024 Highlights: Here Are the Key Announcements From FM Nirmala Sitharaman’s Speech

In her budget speech, Finance Minister Nirmala Sitharaman announced several significant changes to the new tax regime, aiming to ... ...

National :Budget 2024: FM Nirmala Sitharaman Announces Loans Up to Rs 10 Lakh for Higher Education in Domestic Institution

Union Finance Minister Nirmala Sitharaman announced the offer of financial assistance for loans up to Rs 10 lakh for ... ...