Nine lakh education loan borrowers to benefit
Nearly nine lakh student-borrowers will benefit approximately Rs.2,600 crore, Finance Minister P. Chidambaram said Monday, while presenting the interim budget for 2014-15 in the Lok Sabha.
"Nearly nine lakh student-borrowers will benefit to the tune of approximately Rs.2,600 crore. A sum of Rs.2,600 crore will be provided in the current financial year itself," Chidambaram said.
He said 10 years ago, only a few students got education loans.
"Ten years ago, only a few thousand students, mostly the well-connected, got education loans," he said.
(Posted on 17-02-2014)