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  1. Arvind Kejriwal’s AAP govt to soon launch loan scheme for higher education

Arvind Kejriwal’s AAP govt to soon launch loan scheme for higher education

Chief Minister Arvind Kejriwal-led Aam Aadmi Party (AAP) government today said that it would soon launch an education scheme.

By: | New Delhi | Published: June 4, 2015 11:34 PM

Chief Minister Arvind Kejriwal-led Aam Aadmi Party (AAP) government today said that it would soon launch an education scheme under which loans of up to Rs 10 lakh will be provided to students pursing higher education in the national capital.

Government has prepared a draft of the ‘Higher Education Credit Guarantee Scheme’ and it is expected to be tabled in the upcoming Budget Session later this month. Students who are residents of Delhi can only benefit from it.

According to the scheme, students will be provided with loans up to Rs 10 lakh and repayment of loan will be in Equated Monthly Installements (EMIs) of 15 years.

Interacting with a group of students from different colleges at the Delhi Secretariat here, Deputy Chief Minister Manish Sisodia said the government will play its role as the guaranteer of students who will not have to face any problems in pursuing higher education.

At the programme, Sisodia, also the Education Minister, sought views from students about the scheme and suggestions to make it more better for them.

“Parents or guardians will be joint borrowers and moratorium period will be up to 12 months from completion of the course. Interest rate by banks will be base rate + 2 per cent. Expenses on tuition and other fee, books, equipments, boarding or hostels and lodging etc,” Education Secretary Punya Salila Srivastava told students here.

She also said that all education institutions – government, private with with NAAC/NBA rating of A/B and/or self-financing institutions affiliated with Guru Gobind Singh Indraprastha University (GGSIPU) with State Fee Regulatory Committee (SFRC) rating of A+, A or B will be covered in the scheme, adding that insurance will also be mandatory.

“Progress report of students from institutions will be sent to the banks. Besides, UIDIA or PAN number will also be captured in the bank’s system. CIBIL score will be maintained. Endorsement of Loan will be on certificate of degree/diploma,” she added.

In the run up to last Assembly elections, the Aam Aadmi Party had promised that students, who wish to pursue any diploma or degree course after finishing class 12 from any school in Delhi will be given bank loans with the government standing as a guarantor.

“Students will not be required to furnish any collateral and the scheme will be universal in nature regardless of a student’s financial background. The loan will cover both tuition fees and living expenses.

“The loan repayment schedule will carry a moratorium period covering the years required to finish the course and one year thereafter to find a job. Under this scheme no loan request will be rejected,” the party had promised.

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  1. P
    Aug 17, 2016 at 9:54 am
    How i'm aply for this loan..
    1. P
      Aug 17, 2016 at 9:51 am
      Sir i want this loan but i'm very confused how i'm apply..
      1. R
        rohit jha
        Dec 30, 2016 at 4:50 am
        How i'm aply this lon
        1. S
          sachin kumar
          Aug 27, 2016 at 6:08 am
          o sir me to please I want to loan for Study in computer course call me 8447032604my email link sanding you so I filing ok
          1. A
            Aakiriti rai
            Jul 24, 2016 at 6:58 am
            How??? can I apply for this loan....
            1. A
              Jul 21, 2015 at 8:10 am
              I need lone so how can apply to get this lone
              1. R
                Ravi kumar
                Sep 11, 2015 at 11:57 pm
                How can I apply for this loan ?
                1. B
                  Bhupinder singh
                  Aug 5, 2015 at 1:01 pm
                  1. G
                    Ganesh hegde
                    Jun 14, 2015 at 7:10 pm
                    Arvind Kejriwals loan scheme is not new.There are many Education loans to students with base rate 2% and the 420 s want it their scheme.The banks wills ask many questions before giving loan to students and the AAP 420 will blame centre and Modi for it.If they are really serious they should make arrangement of fund in their budget for giving Education loan with interest concession.
                    1. H
                      hanish sareen
                      Jul 21, 2015 at 12:56 pm
                      waiting for that sir and thank you so much for helping us to grow our education but i wish the loan interest would be low cost thank you your great man not only in india around the world thank you so much hanish sareen india (delhi)
                      1. J
                        Jun 5, 2015 at 5:30 pm
                        Providing education loan for students pursing higher education is very helpful for the students to continue their studies... Jaslynn, Edubilla
                        1. K
                          khushboo tomar
                          Jun 26, 2015 at 9:04 pm
                          How to apply for this loan ..? Is this scheme launched..?
                          1. N
                            nisha verma
                            Jun 29, 2015 at 2:37 pm
                            I want to lone for study
                            1. N
                              nisha verma
                              Jun 29, 2015 at 2:41 pm
                              Khushbu ji i want this like lone for study pls help me i m nisha verma my email is snishaverma83.nv@gmail
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