Pb CM assures probe into diversion of scholarship scheme funds

Pb CM assures probe into diversion of scholarship scheme funds

Chandigarh, Jun 15 (PTI) The Punjab government will get probed the alleged diversion of the Post Matric Scholarship scheme SC funds and strict action will be taken against those found guilty, Chief Minister Amarinder Singh said today. Responding to a question of Congress MLA Raj Kumar Chabbewal during the Question Hour, the CM assured the House that the entire matter would be thoroughly examined to fix the accountability and identify lapses, if any. The CMs assurance came amid claims by Minister for Welfare of SC and BC Sadhu Singh Dharamsot…

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Punjab govt launches ‘Chief Minister Scholarship Scheme’ for meritorious students

Punjab govt launches ‘Chief Minister Scholarship Scheme’ for meritorious students

The Punjab government launched the “Chief Minister Scholarship Scheme” on Tuesday to provide technical education to meritorious and poor students. After approval from chief minister Captain Amarinder Singh, the scheme was launched by Punjab finance minister Manpreet Singh Badal and technical education minister Charanjit Singh Channi. Punjab students studying in government polytechnic and engineering colleges, including Maharaja Ranjit Singh University, Bathinda, and Inder Kumar Gujaral Punjab Technical University, Jalandhar, will benefit from the scheme, said Channi. Under the scheme, students scoring 60-70% marks in Class 10 will get 70% fee…

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Scheme for education loan repayment launched

Scheme for education loan repayment launched

The Rs. 900 crore Education Loan Repayment Support Scheme announced by the State government was formally launched at a function here on Tuesday. Speaking on the occasion, Minister for Education C. Ravindranath made it clear that the government would expand the scheme infusing more funds, if need be, to cover all deserving candidates. “The present amount was arrived at on the basis of preliminary statistics gathered for the purpose. A detailed survey will be conducted to bring in all the deserving candidates and we will earmark more funds for the…

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Guidelines issued for education loan repayment support scheme

Guidelines issued for education loan repayment support scheme

Representative image THIRUVANANTHAPURAM: The state government has announced guidelines for availing the benefits of education loan repaymentsupport scheme announced in the 2016-17 budget. The scheme provides government support to those who find it extremely difficult to repay the educational loan even after the completion of their course. The support is for repayment of loans classified into various categories such as non-Non Performing Assets(NPA)/standard account with sanctioned loan up to Rs 9 lakh, loans up to Rs 4 lakh that turned NPA on or before March 31, 2016 and NPA loans…

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Guidelines issued for education loan repayment support scheme

Guidelines issued for education loan repayment support scheme

Representative image THIRUVANANTHAPURAM: The state government has announced guidelines for availing the benefits of education loan repaymentsupport scheme announced in the 2016-17 budget. The scheme provides government support to those who find it extremely difficult to repay the educational loan even after the completion of their course. The support is for repayment of loans classified into various categories such as non-Non Performing Assets(NPA)/standard account with sanctioned loan up to Rs 9 lakh, loans up to Rs 4 lakh that turned NPA on or before March 31, 2016 and NPA loans…

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Kerala launches Rs900 crore education loan repayment scheme

Kerala launches Rs900 crore education loan repayment scheme

Bengaluru: Kerala has launched a Rs900 crore scheme to help students from families with annual income below Rs6 lakh repay their education loans. The move assumes significance as it comes at a time when students are suffering because of banks selling a large number of its “bad loans”, or loans that have turned non-performing assets or NPAs, to asset reconstruction companies (ARCs), which may charge a higher interest rate in turn. Bad study loans are a severe problem for banks in Kerala. Out of the Rs10,220 crore total educational loans…

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Scheme to help students repay education loans

Scheme to help students repay education loans

The government has announced a support scheme to help students from financially backward families repay education loans. Chief Minister Pinarayi Vijayan told the Assembly here on Thursday that the scheme would provide relief to debt-ridden families who had availed themselves of education loans. Addressing a special session of the House to mark the 60th anniversary of the first legislative Assembly, he said the scheme was designed to help families facing revenue recovery after finding themselves unable to repay the loan. “It is not a debt relief programme, but to support…

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Kerala launches Rs900 crore education loan repayment scheme

Kerala launches Rs900 crore education loan repayment scheme

Bengaluru: Kerala has launched a Rs900 crore scheme to help students from families with annual income below Rs6 lakh repay their education loans. The move assumes significance as it comes at a time when students are suffering because of banks selling a large number of its “bad loans”, or loans that have turned non-performing assets or NPAs, to asset reconstruction companies (ARCs), which may charge a higher interest rate in turn. Bad study loans are a severe problem for banks in Kerala. Out of the Rs10,220 crore total educational loans…

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Model Education Loans, Credit Guarantee Fund Scheme: Know Details Here

Model Education Loans, Credit Guarantee Fund Scheme: Know Details Here

NEW DELHI:  As per Indian Banks’ Association (IBA) Model Scheme, approved courses leading to graduate/ post graduate degree and P G Diploma conducted by Colleges/ Universities recognized by the University Grants Commission, the All India Council for Technical Education, the Indian Council of Medical Research, etc. are eligible for education loan. Model education loan scheme covers recognized non professional courses. Complaints regarding educational loans, as and when received by the Government, are taken up with banks concerned for corrective action. As informed by Public Sector Banks, during 2016-17 (upto December,…

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Chevron, Co-ventures commend 289 UNILAG graduates under scholarship scheme

Chevron, Co-ventures commend 289 UNILAG graduates under scholarship scheme

Star Deep Water Petroleum Limited (a Chevron firm) and its Co-ventures in the Agbami Field have commended the 289 University of Lagos (UNILAG) graduates under their scholarship scheme. The companies made the commendation in a statement issued on Wednesday in Lagos by Esimaje Brikinn, the General Manager, Policy Government and Public Affairs, Star Deep Water Petroleum Limited. According to Brikinn, 32 out of the 289 scholars, who graduated with First Class honours in 2016 are a great boost to the scheme. The scholarship tagged: “Agbami Medical and Engineering Professional Scholarship (AMEPS)…

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