• Home
  • Privacy Policy
  • Write For Us
IDEGRAAF
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career
No Result
View All Result
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career
No Result
View All Result
IDEGRAAF
No Result
View All Result
Home Education Loans

More funds will be released for education loan repayment plan: C Raveendranath

Loknath Das by Loknath Das
May 31, 2017
in Education Loans
Representative image
KOTTAYAM: Education minister C Raveendranath on Tuesday launched the state government’s education loan repayment support scheme at the Town Hall here. Speaking at the function he said, if needed the government will provide more fund and all eligible students will be brought under this scheme.

Currently, the government has earmarked Rs 900 crore for the scheme aimed at helping financially backward students. The scheme envisages government support to those who availed education loan for a period of four years.

He said that the borrower alone cannot be blamed for failing to repay the loan.

Many students fail to get a job after completing their course. The government has launched this project to help such students, he said.

He also warned financial institutions exploiting borrowers by putting excess pressure on them. He also directed the banks to fully comply with the scheme before going ahead with any action.

Agricultural minister V S Sunilkumar presided over the function.
Students from families with an annual income of less than Rs six lakh and have taken less than Rs nine lakhs as education loan will be benefited from the scheme.

In the case of loans up to Rs 4 lakhs which have been listed by banks under non-performing assets, the government will repay 60% while the borrower will have to repay only the remaining 40%. The government has directed the banks to exempt the interest on the loan.

In the case of loans exceeding Rs 4 lakhs, which are not included under the non-performing assets, the government has announced a special package for repayment.

The scheme also envisages the full repayment of loans in cases where the student had died or is physically or mentally challenged.

[“source-timesofindia”]
Tags: BeCeducationforfundsloan?MorePlanRaveendranathreleasedrepaymentwill
Previous Post

What Your Myers- Briggs Personality Type Means For Your Career

Next Post

Government mulls special scholarship program for Okinawan students

Next Post
Government mulls special scholarship program for Okinawan students

Government mulls special scholarship program for Okinawan students

Recent Post

  • What is Web3 and How Could it Disrupt Education?
  • HPTET 2021 result declared: How to check scorecard and what’s next
  • USF team receives grant to help caregivers support preschoolers’ mental health
  • Why Repaying Your Education Loan is Important
  • Education Ministry Launches Online Module To Track, Re-Enrol Out-Of-School Children
  • MP govt and private schools come to a face-off over school fees issue
  • NBSE Result 2022: Nagaland Board HSLC, HSSLC Results Not Today; Details Here
  • Tata Sky Binge+, HD Set-Top Boxes Price Discounted Up to Rs. 400 Online
  • Digital University Kerala Partners With United Nations, World Health Organization On Disaster Preparedness
  • Unlimited opportunities, huge investments: India bets big as Expo 2020 Dubai kicks off

Calendar

December 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
idegraaf

Navigate Site

  • Home
  • Privacy Policy
  • Write For Us

Follow Us

No Result
View All Result
  • Home
  • Schools
  • Institutes
  • Scholarship
  • Distance Learning
  • Online Classes
  • Education Loans
  • Recruitment
  • Career