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

Manipur violence: 'Government is making every possible effort to normalize the situation in the state', said Foreign Minister Jaishankar

Violence has been going on in Manipur for more than four months. Foreign Minister S Jaishankar sa

Jasprit Bumrah: Bumrah-Shreyas Iyer can come to the team even before the Asia Cup, and will return to the field next month!

India has to participate in the ODI World Cup in its hosting in October-November this year. Team

Donald Trump Shooting: America is a 'safe democracy'... this illusion is broken, former diplomat said after the attack on Donald Trump

Former diplomat Jitendranath Mishra, who was the Indian ambassador to Portugal and Laos, on Sunda

Delhi NCR Rain: Delhi-NCR is drenched in heavy rain in the morning, with waterlogging in many places. What will the weather be like in the future?

Many parts of Delhi and the adjoining National Capital Region (NCR) witnessed heavy rains in the

LIC ADO Result 2023: LIC ADO Prelims result declared, see roll number from this link, 1.85 lakhs will give mains

Today can be a decisive day for the candidates who appeared in LIC ADO Prelims. The results of th

HC seeks report on how dead bodies handled in hospitals

New Delhi, March 18 (IANS) The Delhi High Court on Wednesday sought a detailed report from the

This phone of Oppo launched with a 108MP camera, Realme introduced a phone with a curve display, read details

Realme 10 Pro Plus: Oppo has launched its A1 Pro smartphone. There are many premium features in t

Paris Olympics 2024: The great sports event will begin today, India would like to reach a number of medals in double digits

The great sports event Paris Olympics 2024 will begin today. 117 players from India are participa

Rahul Gandhi: Rahul Gandhi claims that two Congress workers died in UP-Assam due to heavy deployment of police force

Leader of Opposition in Lok Sabha Rahul Gandhi on Wednesday alleged that two Congress workers wer

Kanwar Yatra: The news of the bomb in Kanwar special train stirred up, police caught a kanwariya, then the truth came out

The police, GRP, and security agencies were stirred by the information about the bomb in the Kanw