New education loan scheme for weaker sections
Thursday, 26 November 2009, 19:50 IST
By SiliconIndia
By SiliconIndia
Hyderabad: With an initiative of a District Collector through government scheme, a unique education loan scheme is launched in Dharmapuri district in Andhra Pradesh for the benefit of weaker sections of society. The scheme provides a subsidy of Rs.25,000 for the poor, reports Rupee Times.
P Amutha, District Collector of Dharmapuri took the initiative to launch this scheme through the Socio Economic Development Programme (SEDP) of the state government. The scheme is likely to help poor students in pursuing higher education after school. The scheme has been introduced to bring about a considerable change in lives of people living in Naxal-infested areas of the district. The SEDP programme is being implemented in 153 villages in five Panchayat unions in the district.
As per the scheme, the subsidy would be 20 percent of the education loan subject to a maximum of Rs.25,000. The loan would only be provided to candidates whose parents' annual income is less than Rs.50,000. The candidates would have to produce an income certificate from the tahsildar.
The other requirement for availing the loan is that the student should be a first generation graduate or diploma holder in the family. The candidate would also be required to present documents to support this. In the previous academic year, the district administration had allocated Rs.50 lakh as subsidy for 200 students but the actual beneficiaries were 216.
P Amutha, District Collector of Dharmapuri took the initiative to launch this scheme through the Socio Economic Development Programme (SEDP) of the state government. The scheme is likely to help poor students in pursuing higher education after school. The scheme has been introduced to bring about a considerable change in lives of people living in Naxal-infested areas of the district. The SEDP programme is being implemented in 153 villages in five Panchayat unions in the district.
As per the scheme, the subsidy would be 20 percent of the education loan subject to a maximum of Rs.25,000. The loan would only be provided to candidates whose parents' annual income is less than Rs.50,000. The candidates would have to produce an income certificate from the tahsildar.
The other requirement for availing the loan is that the student should be a first generation graduate or diploma holder in the family. The candidate would also be required to present documents to support this. In the previous academic year, the district administration had allocated Rs.50 lakh as subsidy for 200 students but the actual beneficiaries were 216.
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