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Edu loans up via e-vouchers, UGC budget cut

The Morning Standard

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July 24, 2024

UNION Finance Minister Nirmala Sitharaman announced an allocation of 1.20 lakh crore for education in the Union Budget for 2024-25.

- KETAN TANNA

The salient point of the proposals is that loans up to Rs 10 lakh for higher education in domestic institutions will be facilitated through e-vouchers, directly benefiting one lakh students Rannually with an interest subvention of 3%.

The Budget introduced significant financial support for higher education loans while imposing a substantial cut on the University Grants Commission (UGC) budget by over 60%.

The Morning Standard

यह कहानी The Morning Standard के July 24, 2024 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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