Chandigarh: The Chief Minister of Haryana, Manohar Lal Khattar, on Wednesday announced that it will bear the education loan interests of students for three months.
The whole process will cost Rs. 40 crore. The Haryana government will also pay the total interest on the loan up to Rs.50,000 under the Central Government’s Mudra Loan Scheme, ‘Shishu Yojana’.
“The 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. As many as 36,000 students will benefit. They will not be required to give any type of collateral for this loan. Under this scheme, the loan will be provided to 5 lakh people in the state,” he said, while addressing the people of Haryana on TV, HT reported.
The government has taken the decision after the ongoing coronavirus outbreak, thousands of students who had taken loans for studies are now unable to pay the interest as economic activities are at a halt due to COVID-19. This step is expected to help all the needy students from the state.
According to the Health Ministry, the total number of coronavirus cases has risen to 993 and 648 have been cured with 14 deaths so far.