Budgetary allocation for interest-free edu loans to be hiked: Javadekar

JAIPUR: The Union Government will increase its annual allocation for interest-free loans to students and digitalise over 15 lakh classrooms as part of its resolve to ensure quality education in the country, said Union Minister Prakash Javadekar Monday.

The annual budget to provide interest-free loans to 10 lakh students would be increased to Rs 2,200 crore in next three years, said Union Minister for Human Resource Development Javadekar, addressing the 2nd Higher Education Human Resource Conclave here.

Over 15 lakh classrooms from standard 9 to post-graduate levels would be digitalised under ‘Operation Digital Board’, he told the conclave, organised with an aim “to promote an environment of innovations, employability and entrepreneurship across the country”.

Talking of the Government’s plan to further hike the budgetary allocation for the interest-free loans to students, he said over four to five lakh youths used to get interest-free loans amounting to Rs 800 crore in 2014. (AGENCIES)