BusinessGirl students will get subsidy on taking loan for higher education -...

Girl students will get subsidy on taking loan for higher education – dainiktribuneonline.com

Chandigarh, 27 November (Trinew)

Women taking loans from banks for higher education in Haryana will get five percent subsidy on interest. For example, if banks give loans at an interest rate of 9.25 percent, then girl students will have to pay only 4.25 percent interest from their own pocket. The remaining five percent amount will be paid by Mahila Vikas Nigam. On the initiative of Mahila Vikas Nigam, the Higher Education Department has issued instructions to the registrars of all universities and principals of government colleges, aided and private colleges for loan subsidy to girl students. To ensure higher education to women and girls, Mahila Vikas Nigam has implemented ‘Education Loan Scheme’.

Generally, due to limited resources, excessive fees and burden of interest on education loans from banks, girl students are deprived of obtaining vocational education, technical diploma, graduation, post graduation and medical education. Therefore, to reduce the burden of education loan, a scheme of five percent interest subsidy on education loan has been started. Under the scheme, girl students of Haryana origin and daughters and wives of government employees working in Haryana Government who are pursuing education anywhere in the country and abroad will be eligible.

Along with the application form, approval letter from the bank, letter from the educational institution, permanent certificate of Haryana state, identity card of employees working in Haryana government, family identity card, Aadhar card and details of bank statement are required. If the dependents of employees living temporarily outside Haryana want to take loan, they can take loan from the bank and send their case to the nearest District Manager office.

Other decisions of the cabinet

The Cabinet has approved amendments to the ‘Communication and Connectivity Infrastructure Policy-2023’ with the objective of enhancing the availability of high quality technology and communication infrastructure to promote connectivity across the State. This new policy will replace the ‘Communication and Connectivity Infrastructure Policy-2017’ and will align with the revised Indian Telegraph Right of Way rules notified by the Union Ministry of Communications (Department of Telecommunications) in 2022. This decision of the Cabinet encourages integration of cutting-edge technological advancements in the telecom sector. This includes innovative business models such as fiber to the home (FTTH) and open access networks (OAN), which separate physical access to the network from service delivery.

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