Eligible Poor Students in Himachal to Get Education Loan on One Percent Interest Rate: CM Sukhvinder Singh Sukhu
In a major move to support higher education, the Chief Minister of Himachal Pradesh, Sukhvinder Singh Sukhu, has announced that eligible poor students in the state will be able to avail education loans at a one percent interest rate. The move is aimed at encouraging more students from economically weaker sections to pursue higher education.
The Chief Minister stated that the state government will bear the remaining interest cost on behalf of the students. This means that students from poor families who meet the eligibility criteria can avail education loans at a much lower interest rate than what is currently offered by banks and other financial institutions.
The initiative is a part of the state government’s efforts to promote education and improve the overall literacy rate in the state. The government has also launched several other schemes and programs aimed at improving the quality of education and increasing access to education for all.
The move has been widely welcomed by students and education experts, who believe that it will help to address the financial barriers that prevent many poor students from pursuing higher education. It will also help to reduce the burden of education loans on students and their families.
The eligibility criteria for availing the education loan at the one percent interest rate have not yet been announced. However, it is expected that the scheme will benefit thousands of students from economically weaker sections in the state.
The announcement by the Chief Minister of Himachal Pradesh to provide education loans at a one percent interest rate to eligible poor students is a significant step towards promoting higher education and reducing financial barriers. The move is expected to benefit many students and their families, and help to improve the overall literacy rate in the state