New Study Loan Subsidy Program Offers ₹10 Lakh Support for Students

Tuesday, 23 July 2024, 11:08

A new initiative promises to provide students with a subsidy of 3% on study loans up to ₹10 lakh, facilitating access to higher education. This scheme is particularly beneficial for students who are not already receiving benefits from any government programs. By providing vouchers to eligible students, the program aims to ease the financial burden of educational loans. Overall, this subsidy program presents a significant opportunity for students to secure funding for their educational pursuits.
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New Study Loan Subsidy Program Offers ₹10 Lakh Support for Students

Introduction

In a significant move to support educational funding, the government has launched a new scheme providing a subsidy on study loans.

Details of the Loan Subsidy

  • Maximum Subsidy Amount: The scheme will offer a subsidy for loans up to ₹10 lakh.
  • Interest Rate Reduction: Students will receive a 3% reduction on their loan interest rates.
  • Eligibility Criteria: Only students who are not beneficiaries of other government schemes can apply.

Conclusion

This initiative not only helps students manage educational expenses but also promotes higher education accessibility across the board.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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