Updated on: Friday, December 28, 2012
The Haryana government has disbursed Rs 3.90 crore to 4,595 female students under the education loan scheme.
The loan was given by Haryana Women Development Corporation (HWDC) during the current financial year.
The scheme is being implemented to encourage girls of the state to pursue higher education at graduate, post graduate, doctoral and post doctoral level in the country and abroad, an official spokesman said here today.
Due to limited resources of the family, high fee of the private institutions and rate of interest of banks, meritorious students were deprived of higher and professional education.
With a view to provide assistance to such meritorious girl students, the corporation provides five per cent interest subsidy, he said.
The corporation provides this subsidy to the concerned bank through cheque by concerned district manager on behalf of student availing the loan.
Out of the total 4,595 beneficiaries, 235 have been given interest subsidy for pursuing higher education abroad.