Plan for vocational training of 20,000 – Samaja
September 5th, 2007
Archive for September 5th, 2007
Orissa government’s loan stipend fund
Orissa government has a loan stipend fund available for higher studies. This loan is available from its higher education department. There is a recent report in New Indian Express regarding it. Following are some excerpts:
The Higher Education Department has proposed to provide study loans to more number of poor and meritorious students pursuing higher studies in Government institutions from the current academic session. A meeting chaired by Higher Education Minister Samir Dey on Tuesday decided to increase the study loan ceiling from Rs 1.20 crore to Rs 2.20 crore.
… The Government had extended loan stipend to 963 students in 2006-07 and 460 students could be extended loan this year. Applications of more students could be considered only if the loan ceiling is increased to Rs 2.20 crore.
The study loan provided to the poor and meritorious students is interest-free and the loanee students should repay the loan within one year of completion of study or within one month of getting employment. However, 10 percent interest is charged for default in repayment, Dey said. The State Government has been extending study loans since 1954 and the number of beneficiaries is 23,445. While the outstanding loan stood at Rs 7.20 crore, the Government has so far realised Rs 63.86 lakh.
A majority of the loanees has simply forgotten that they had taken study loan from the Government, the Minister said adding, certificate cases have been instituted against 5,092 persons
17 comments September 5th, 2007