Budget allocation for interest-free loans hiked to 2200 crores: Javdekar

The annual budget to provide interest-free loans to 10 Lakh students would be increased to Rs. 2200 crore in the coming three years Union Minister Prakash Javdekar said addressing the 2nd Higher Education Human Resource Conclave. Under ‘Operation Digital Board’, there will be the digitalization of over 15 lakh classes from Standard 9 to Post Graduation levels. Javdekar added that this conclave was organised with an aim-
“To promote an environment of innovations,employability, and entrepreneurship across the country”.
There will be an increase in the annual allocation for interest-free loans to the students as well. Speaking about the government’s plan to further boost the budgetary allocation of the interest-free loans to students, he said; in 2014, over 4-5 lakh youths used to get interest-free loans amounting to the budget of Rs. 800 crore that has been increased to 1800 crore to benefit over 8 lakh students nationwide under the present BJP-led Government at the Centre. The chairman of AICTE Anil Sahastrabuddhe attended the conclave as a special guest. Other attendees were numerous universities and colleges along with the HR managers, corporate leaders, and employers, start-ups, CSR agencies and venture capitalists from across the country, besides educationists and senior government officials. Speaking more about the statistics Javdekar said that the HRD ministry has earmarked Rs 4,000 crore each for the first and second phase of ‘Rashtriya Uchchatar Shiksha Abhiyan (RUSA)’ while the phase-three scheme was an aqueduct. The Budget Allocation of an amount of over Rs. 6,000 crores has been provided to Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Sikkim, Arunachal Pradesh, Andaman, Rajasthan, and Bihar; by the Centre under ‘Technical Education Quality Improvement Program’ for providing quality education, he said. Not only would the ‘digital classes’ improve the quality of education but will also bring about a radical change, said the minister. The Centre aspires at launching ‘Operation Digital Board’ in all schools in five years, said an official release earlier, adding the venture would “ensure quality, equity, accessibility and accountability in education by pro-active action and plan”. Interacting with the college students in various districts of the state via video conferencing, Javdekar said: “the digital technology has changed our lives.” The minister also extolled the improvement of the educational standards in Rajasthan, saying the state has entered a new era on the educational front.
“I am happy that Hindi and other Indian languages are being used more than English on Google.” -Prakash Javdekar
Manipur Higher Education Minister T Radheshyam Singh said that there are 40 cluster colleges under RUSA in Manipur besides one central University. A cluster university is an initiative of the centrally-sponsored ‘Rashtriya Uchchatar Shiksha Abhiyan (RUSA)’ to forge and reshape the new universities by upgrading the existing colleges and converting them into a cluster. This assists the colleges to introduce new courses and engage in more research work. Also, Jammu & Kashmir have set up cluster universities. The Higher Education Minister of Uttarakhand Dhan Singh Rawat said his state would organise ‘gyankhumb,‘ which is an important, two-day educational conclave, in Haridwar from November 3 to 5. The event will be inaugurated by the President of India Ram Nath Kovind.

3 thoughts on “Budget allocation for interest-free loans hiked to 2200 crores: Javdekar

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