Govt education loans to be interest-free now: Nitish
Bihar CM Nitish Kumar announced interest-free education loans for students passing Class XII, aiming to boost higher education enrollment. The Student Credit Card Scheme, launched in 2016, initially offered loans at subsidized rates. Repayment terms have also been eased, extending the tenure for loans up to Rs 4 lakh to encourage more students to pursue their academic goals.
Bihar CM Nitish Kumar announced interest-free education loans for students passing Class XII, aiming to boost higher education enrollment. The Student Credit Card Scheme, launched in 2016, initially offered loans at subsidized rates. Repayment terms have also been eased, extending the tenure for loans up to Rs 4 lakh to encourage more students to pursue their academic goals.
