3 months interest of education loan to be borne by Haryana govt: CM

Haryana Chief Minister Manohar Lal Khattar recently said that his government will pay the interest for three months on education loans of students in the state. At least 36,000 students will benefit from this as the administration is estimated to pay around Rs 40 crore, Khattar said.

“Haryana government will pay the interest of three months of all those students who are completing their education this year or who have already completed their education in the previous year, but have not been able to start their jobs or business due to this coronavirus pandemic,” he said.

The outbreak of the corona virus has brought economic activity in the country to almost a standstill. The lockdown, first imposed on March 25, has been extended thrice and the fourth phase is expected to end on May 31. However, many relaxations have been allowed in the ongoing phase of the lockdown.

The Haryana CM also said that the state will also provide loans of up to Rs 15,000 to three lakh poor people that will help them start businesses. This loan will be given at a nominal 2% interest rate under the Differential Rate of Interest scheme. “In this scheme, banks charge 4% interest. Of this, 2% will be paid by the state government,” Khattar added.

To make it easy for applicants to avail these loans, the chief minister said that a new portal is being developed. “The state government will ensure that all such loan applications are approved by banks without any delay,” he added.

In the last three months, Khattar said his administration has provided financial assistance of Rs 636 crore to 15.09 lakh families in Haryana. “This amount has been directly transferred to the bank accounts of the beneficiaries,” he said, adding that over 27 lakh families have been given free ration during COVID-19 pandemic.

Note: News shared for public awareness with reference from the information provided at online news portals.

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