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LATEST NEWS UPDATES | Delhi tests ground to cut student subsidy -Basant Kumar Mohanty

Delhi tests ground to cut student subsidy -Basant Kumar Mohanty

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published Published on Mar 21, 2018   modified Modified on Mar 21, 2018
-The Telegraph

New Delhi: The Centre has floated a proposal to scale down an interest waiver scheme meant to help poor students enrol themselves for professional courses.

The human resource development ministry has sought the opinion of other ministries on lowering to Rs 7.5 lakh from Rs 10 lakh the loan amount eligible for interest waiver under the central sector interest subsidy scheme (SCISS) launched in 2009.

The proposal to lower the ceiling by as much as 25 per cent has drawn sharp criticism from academicians.

The HRD ministry has initiated the move because the increase in funds has not kept pace with the spurt in demand for the popular scheme. For the coming financial year, the government has allocated Rs 2,100 crore, around Rs 200 crore more than that in 2017-18.

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The Telegraph, 21 March, 2018, https://www.telegraphindia.com/india/delhi-tests-ground-to-cut-student-subsidy-217328


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