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Monday, Jul 13, 2009
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 Industry & Economy - Budget
Education loan subsidy: A respite for parents, students

Higher education is clearly the primary focus of the Finance Minister as he has announced an increase of Rs 2,000 crore to Rs 9,596 crore in the Plan outlay, from Rs 7,593.50 crore in the Interim Budget.

This is surely a move in the right direction as the Government is giving appropriate importance to the education sector.

Skills development has been given priority by allocating Rs 495 crore for community polytechnics, while “mission education through ICT” has been allocated Rs 900 crore.

The Budget has good news for students from the economically weaker sections who are seeking educational loans by introducing interest subsidy on education loans whereby there would be no interest on loan for higher studies which is a great respite for parents and students.

Ajey Kumar, Country Head, GEMS India

More Stories on : Budget | Education

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Stories in this Section
Yashwant Sinha regrets lack of proper monitoring for rural job scheme

I-T surcharge removal will benefit the rich
Reforms in transfer pricing laudable
Disappointment for tyre industry
Education loan subsidy: A respite for parents, students
No stimulus for security industry
Proposals lack long-term reform process
FBT abolition: Some relief for corporates
Not a dynamic Budget for SMEs in IT sector
‘It is a budget for small-time businessmen’
Abolition of surcharge on I-T hailed
Gas network expansion in Mumbai
Ministry against using Chinese co’s boilers
Shacks on Goa beaches to come under VAT purview
Clean water project
Prof Yerrum Raju; Gurukul Institute of Management and Vivekananda Institute of Management, Gulbarga
PG Diploma in e-governance
Paper mills see drop in demand, prices
More space in research
No additional APL rice received, clarifies Kerala Govt
USO subsidy in second phase of rural mobile project may be limited to infra cos
CPWD celebrations
New Ventures invites biz plans
IT dept recovers over Rs 10,000 cr in arrears


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