IndianMoney.com Research Team | Updated On Thursday, December 19,2019, 05:30 PM
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Education is vital for each and every citizen in India. The girl child is in urgent need of quality education, to enjoy a bright future. Many girls in India are denied quality education for several reasons.
Even though the number of girls and boys attending primary school is nearly the same, many girls drop out at higher levels. One of the main reasons is lack of money to pursue quality higher education.
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Education Loan for Girls
Why education loan for girls?
Girls enjoy a quality education without financial burden on parents.
Education is not just about tuition fees. There are other expenses like college deposits, uniform, travel fare, library and examination fees. Education loan pays all these expenses keeping savings intact.
Important points on Vidya lakshmi education loan scheme
Economically backward students both girls and boys get study loan benefits without the pressure of interest repayment for a certain time period.
The Vidya lakshmi subsidy scheme covers student interest across course duration for student loans.
Students with annual family income below Rs 4.5 Lakhs may apply to Vidya lakshmi subsidy scheme.
The benefits of this scheme accrue only once (This is either at graduation or post-graduation).
The interest subsidy is only for the course duration.
The interest subsidy gets revoked if a student leaves the educational institution.
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