After the meeting, Rural Development and Panchayat Raj Minister Shobha Karandlaje in addressing media said students who have taken educational loan since August 1 for the present academic year will be benefited from the scheme announced by the state government in its budget. “Banks are offering loan at higher interest rates. But as per our scheme, students will have to repay the loan at an interest rate of six per cent. The government will take care of the rest,” she said.
She added that the benefit be available to all those students also, who wish to pursue higher education equivalent to graduation and above. Students can take loans up to Rs 5 lakh.
The government also has plans of bringing in private primary schools and high schools, which were started during the academic year 1993-94 and 1994-95, under the grant-in-aid scheme. The Cabinet has taken a decision to extend the same to private PU colleges which were started in the same period. After the announcement as many as 537 primary schools, 410 high schools and 103 pre-university colleges will get benefited of the scheme.
The government also announced that it will give Rs 2 per litre to milk producers selling milk to Milk Producers’ Cooperative Societies. Milk producers will start getting an additional Rs 2 per litre from September 9.
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