Students from weaker sections to get full interest subsidy on loans

The Finance Minister announced that in order to enable students from economically weaker sections to access higher education, it is proposed to provide them full interest subsidy during the period of moratorium. It will cover loans of students from scheduled banks to pursue any of the approved courses of study in technical and professional streams from recognized institutions in India, he said. It is estimated that over 5 lakh students would avail of this benefit.

Source : Equity Bulls

Keywords