Sep 07, 2010
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Kapil Sibal
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Kapil Sibal
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Kapil Sibal
The educational sector will see a reform with Kapil Sibal, Human Resource Development Minister has asked the National Education Finance Corporation to incorporate easier credit rates to the investors in the education sector. The students should have flexibility in the repayment of education loans.
"At the moment we are looking at two parts of the Education Finance Corporation, one which guarantees loans to students. The other investment is in the education sector by giving lower credit facilities to investors in the education sector where they have to repay the loans in 20 to 25 years," said Sibal.
The proposal will be passed by the Planning Commission. The proposal will do wonders for students as the student can avail for loan once they acquire a seat in a professional college. Secondly, the repayment will be done only after the student gets employed.
Keeping the Right to Education in mind 25 percent of the seat will be reserved for the poor or underprivileged children.
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