Budgetary allocation for interest-free edu loans to be hiked: HRD minister

He said the HRD ministry has allocated Rs 4,000 crore each for the first and second phase of Rashtriya Uchchatar Shiksha Abhiyan (RUSA) while the phase-three scheme was in pipeline.

PTI
Jaipur, Publish Date: Sep 25 2018 1:47AM | Updated Date: Sep 25 2018 1:47AM
Budgetary allocation for interest-free edu loans to be hiked: HRD ministerFile Photo

The Union government will increase its annual allocation for interest-free loans to students and digitalise over 15 lakh classrooms as part of its resolve to ensure quality education in the country, said Union Minister Prakash Javdekar Monday.

The annual budget to provide interest-free loans to 10 lakh students would be increased to Rs 2,200 crore in next three years, said Union Minister for Human Resource Development Javdekar, addressing the 2nd Higher Education Human Resource Conclave here.

Talking of the government's plan to further hike the budgetary allocation for the interest-free loans to students, he said over four to five lakh youths used to get interest-free loans amounting to Rs 800 crore in 2014.

He said the HRD ministry has allocated Rs 4,000 crore each for the first and second phase of Rashtriya Uchchatar Shiksha Abhiyan (RUSA) while the phase-three scheme was in pipeline.

The Centre has provided over Rs 6,000 crore to Jammu and Kashmir, Himachal Pradesh, Uttrakhand, Sikkim, Arunachal Pradesh, Andaman, Rajasthana and Bihar under Technical Education Quality Improvement Program for providing quality education, he said.

Interacting with college students in various districts of the state via video conferencing, Javdekar said "the digital technology has changed our lives."

“I am happy that Hindi and other Indian languages are being used more than English on Google,” he said.

He said "people believe the Northeast is limited to Assam and Guwahati, but it is much more beyond that."

He urged people to visit Manipur and participate in its development, and said the state has one Central University, besides a 'cluster university' and 40 colleges under RUSA.

A cluster university is an initiative of the centrally-sponsored RUSA to create new universities by upgrading existing colleges and converting them into a cluster.

Cluster universities have also been set up in Jammu and Srinagar. This helps colleges to introduce new courses and engage in more research work. 

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