Interest on education loan down to one percent in Chattisgarh

July 12, 2014

New delhi :The rate of interest on higher education loan in Chattisgarh has been reduced from four per cent to one per cent. According to PTI, Chief Minister Raman Singh had promised the same during assembly polls, following which it has been brought down to one per cent under the 'Mukhyamantri Uchcha Siksha Rinn Anudan Yojana', said higher education minister Prem Prakash Pandey.

During Rajyotsava 2012, a scheme had been initiated whereby education loan up to Rs 4 lakh was being given to youth at the rate of four per cent for pursuing higher studies. Now, the youth can avail the same from nationalised and private banks at easier rates. Besides, the students of districts will be granted free education loans as a part of the scheme, the officials added.

The Directorate of Technical Education (DTE) has informed about the amendment in the scheme to various principals and directors of engineering, pharmacy, management, master of computer applications and diploma courses colleges, in a circular.

The chief minister added that the officials have been given directions for proper publicity of the new provision as soon as possible.

Besides, Finance Minister Arun Jaitley has allotted Rs 500 crore to set up new IITs and IIMs in the nation. Also, Rs 170 crore has been allotted for the Union Public Service Commission (UPSC).


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