Loans, Scholarships to Help Needy Students

Posted on 28th Feb 2015 05:19 pm by mohit kumar

New Delhi, Feb 28 (IANS) The government will set up an authority to administer and monitor scholarship as well educational loan schemes, Finance Minister Arun Jaitley said Saturday.

"With a view to enabling all poor and middle class students to pursue higher education of their choice without any constraint of funds, I propose to set up a fully IT-based Student Financial Aid Authority to administer and monitor scholarship as well educational loan schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram," Jaitley said.

"We will ensure that no student misses out on higher education for lack of funds," he added while presenting Union Budget 2015-16 in the Lok Sabha.

He said that with the rural population still forming close to 70 percent of India's population, enhancing the employability of rural youth was the key to unlocking India's demographic dividend.

"With this in mind, we have launched the Deen Dayal Upadhyay Gramin Kaushal Yojana for which Rs.1,500 crore has been set apart. Disbursement will be through a digital voucher directly into the qualified student's bank account," the minister said.

The finance minister said an amount of Rs.68,968 crore has been allocated to the education sector, including mid-day meals.

Other news

Tiger 3 Trailer: The wait is over! Tiger has brought a blast of action, Zoya is no less, Emraan Hashmi's amazing entry.

The wait of fans for the trailer of Salman Khan's most awaited film Tiger 3 is finally over. Afte

Karwa Chauth 2022 Udyapan Vidhi: How to Udyapan Karwa Chauth Vrat? know the simple method

On the Chaturthi Tithi of Krishna Paksha of Kartik month, married women observe a fast for long l

UP Board: The wait is over, the results of 42080 students of Noida and 52934 of Ghaziabad will be released today

UP Board 10th, 12th Result 2023: 42,080 students of the district have given the board exam. This

Corona cases are breaking records in India, number of Covid patients crosses 4000; Centre asks states to be prepared.

At least 276 Covid-19 cases were reported in India during the last 24 hours, taking the total num

New Zealand third team to win after follow-on: scored 483 runs in the second innings, gave England a target of 258, defeated by 1 run

New Zealand defeated England by 1 run in the second Test being played in Wellington. It also beca

Riots at metro station...: Muslims Youth jumped out of the exit gate, video of Jama Masjid station went viral; DMRC gave clarification

A video of the Delhi Metro is becoming increasingly viral on social media. In which some people a

IPL 2022: Mumbai's troubles did not reduce even after defeat, the heavy fine were imposed on other players including captain Rohit

In this season of the Indian Premier League, the troubles of Mumbai Indians are not taking the na

Coronavirus Updates: Corona cases increased again in the country, with 2124 new patients in 24 hours, and 17 people died

The cases of corona infection have increased again in the country. A day later, the cases of coro

After Jagdeep Dhankhar's resignation, every room of the Vice President's Secretariat was locked. Where did all the officers suddenly go?

Jagdeep Dhankhar recently resigned from the post of Vice President of the country. This decision

The government's fight against Corona intensified, now every day, including holidays in April, will be vaccinated

The Indian government has intensified the war against the growing coronavirus in the country. The