Government to Provide Loans to Students
Patna: March 11, 2008
In an attempt to ease the burden on students needing loans to pursue higher education, the state government has decided to introduce a single-window loan system that would allow the needy students to skip the traditional bank hoops and acquire a loan at considerably low interest rate, Chief Minister Nitish Kumar said on Tuesday.
The move comes after repeated requests by the state government to the conventional financial institutions to ease terms and conditions on students' loans have fallen on deaf ears making it nearly impossible for many to chase their educational dreams.
"We are working on this scheme that would help a number of deserving students who, in the lack of adequate financial help, are unable to realize their academic potential and are left to pursue other avenues in life," the Chief Minister said.
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