An online portal has recently been launched by the Delhi Chief Minister Arvind Kejriwal, which will help facilitate loans to financially weaker students wanting to pursue higher education in the national capital after completing their class 12 board exams. He claims that the launch of the portal is a step forward in the promise made by the Delhi government that no student should be denied opportunity for quality education due to lack of resources.
While addressing the gathering in the event of the launch, Kejriwal said, “We are improving the quality of education in the government schools, with better infrastructure, facilities and training for teachers. IN three years’ time, parents in Delhi will be proud to say that their children study in government schools.” The guarantee for such loans taken up by the students would be bore upon by the Higher Education and Skill Development Credit Guarantee fund created by the Delhi government. Once the students would apply for the loans, any bank would not be able to deny them the same due to lack of collateral. The students would not have to provide any collaterals or margin money in order to take up the loan.
Kejriwal further stated, “The payment terms are very liberal and I now encourage students to avail of this opportunity at the earliest. We want to inculcate a feeling among aspiring students that they can educate themselves without the burden of lack of financial resources.” The scheme was launched last year but the online portal dedicated to the scheme has been an inclusion for the convenience of the students and transparency in the whole system.
Manish Sisodia, the Deputy Chief Minister and Education minister of the state said, “With this portal, students can apply online for loans which the participating banks will be obliged to provide. I believe this will transform education, enabling thousands of eligible students to pursue their studies and attain their career goals.”