The Banaras Hindu University (BHU) has began an interest-free mortgage help scheme for economically weak college students who face challenges in pursuing training. According to BHU, beneath the scheme, college students whose household maintain a beneath poverty line (BPL) card, or whose mother and father have succumbed to COVID-19 or handed away and the kid is economically self-reliant, might be supplied with an annual help of Rs 12,000.
The intention of the scheme is to assist college students full their training on the college in an uninterrupted method. To avail the scheme, advice from two school members is critical, mentioned BHU. According to Sudhir Kumar Jain, professor, vice-chancellor, BHU, the college will lengthen all attainable assist to college students in order that they might full their research. The monetary help might be an interest-free mortgage, he mentioned.
As of now, as many as 1,000 college students might be given the good thing about this scheme, knowledgeable the college. According to an official assertion, to date, round 200 purposes have come on this regard, and 103 purposes have been permitted.
After getting employment, the coed pays the loans in installments in two years, BHU mentioned.
The varsity additional added that accountability of paying the loans won’t be on the mother and father of the coed, nor on the college members, who had really helpful the title of the scholars for the mortgage.
With inputs from PTI.
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Source: www.financialexpress.com”