In her presentation of the Budget 2024-25 in Parliament, Union Finance Minister Nirmala Sitharaman declared that student loans of up to Rs 10 lakh will be available for higher education at domestic institutions.
Budget 2024 | On Education loans, FM Sitharaman says,”Govt to provide financial support for loans up to Rs 10 lakhs for higher education in domestic institutions.” pic.twitter.com/nH3daipqEW
— ANI (@ANI) July 23, 2024
Also Read: Markets Turn Positive With Finance Minister’s Budget Presentation Kickoff
During the Budget presentation, the Finance Minister proposed a revision of the Model Skill Loan Scheme to assist up to 25,000 students annually. According to the proposal, e-vouchers for loans up to Rs 10 lakh for higher education in domestic institutions will be provided directly to 1 lakh students each year. Students can benefit from an annual interest subvention of 3 percent on the loan amount, Nirmala Sitharaman stated in Parliament.
Also Read: Union Budget 2024: Meet Team Of Sitharaman, Sharp Minds Who Shaped Budget For Modi 3.0
