To help students from financially poor backgrounds pursue higher education, the Ministry of Human Resource Development is contemplating the formation of an Education Finance Corporation (EFC) to provide education loans at low interest rates.
Discussions are on with the Planning Commission in this regard, Union HRD Minister Kapil Sibal said here on Monday, adding that they were optimistic about setting up the EFC in the 12th Five Year Plan. He was in Kanpur to attend the 48th Rajya Sammelan of the Uttar Pradesh Madhyamik Shikshak Sangh.
Sibal pointed out that the ratio of students attending degree colleges was far lower the number of students attending primary and secondary schools. “Currently 22 crore children attend primary and secondary schools, whereas only 2.6 crore students go to degree colleges,” he said. The EFC, it is hoped, would play an important role in bridging this gap.
Source : http://www.indianexpress.com/news/sibal-moots-a-body-to-finance-higher-education-for-poor/574338/
Discussions are on with the Planning Commission in this regard, Union HRD Minister Kapil Sibal said here on Monday, adding that they were optimistic about setting up the EFC in the 12th Five Year Plan. He was in Kanpur to attend the 48th Rajya Sammelan of the Uttar Pradesh Madhyamik Shikshak Sangh.
Sibal pointed out that the ratio of students attending degree colleges was far lower the number of students attending primary and secondary schools. “Currently 22 crore children attend primary and secondary schools, whereas only 2.6 crore students go to degree colleges,” he said. The EFC, it is hoped, would play an important role in bridging this gap.
Source : http://www.indianexpress.com/news/sibal-moots-a-body-to-finance-higher-education-for-poor/574338/
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