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New study loan scheme for tribal students
Friday November 04, 2011 12:01:15 AM,
IANS
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New Delhi: A new scheme
for providing study loan to tribal students was launched by the
union government Thursday.
Loan at concessional interest rate will be given to students
having annual family income upto double the poverty line. The
present limit is Rs.39,500/- p.a. for rural areas and Rs.54,500/-
p.a. for the urban areas.
"The eligible candidates should apply to the respective State
Channelising Agencies of National Scheduled Tribes Finance and
Development Corporation (NSTFDC) located in their domicile State
or union territory," Tribal Affairs Minister V. Kishore Chandra
Deo said launching the scheme.
Upto 90 percent of the total expenditure of the candidates will be
given to the students, going upto a maximum of Rs. 5 lakh.
The rate of interest on the loan will be six percent. The
repayment of loan will have to be done in within five years, with
a maximum period of 10 years. This period will start after an year
of completing the course or after six months of getting a job.
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