AAP govt says it gave Rs 3.55 Cr this year for students loan

AAP led Delhi Government today condemned the deliberate misinformation spread about students loan scheme, claiming that 100 applicants have been sanctioned loans amounting to Rs 3.55 crore in the current financial year so far.
It said that in the last financial year 2015-16, 54 students were sanctioned loans amounting to Rs 1.52 crore.
The Directorate of Higher Education refuted the factually incorrect and misleading reports published in some sections of the media regarding the Delhi government's scheme to provide loans to students seeking higher education.
It said that the Delhi Higher Education and Skill Development Guarantee scheme provides assistance for up to Rs 10 lakh without any collaterals.

"There are no predetermined slabs for the loan amount. Any amount of upto Rs 10 lakh can be availed under the scheme," it said adding the applications for availing the loan offered under the Delhi Government's scheme can be submitted online through the single window web portal studentloan.Delhi.Gov.In.
"So far around 400 applications requesting for loan assistance have been received for the current fiscal year. Out of these, more than 100 applicants have already been sanctioned loans amounting to a total of Rs 3.55 Crores," the press statement said.

It was stated that a total of three students have been sanctioned a loan of an amount more than Rs 7.5 lakhs, the remaining loans have been sanctioned for various amounts less than Rs 7.5 lakhs.

"As per the State Level Banker'c Committee (SLBC) report, 54 students were provided loan assistance during the fiscal year 2015-16 amounting to Rs 1.52 Crores," it said.
It was clarified that the loan amount is provided under the exclusive purview of the Delhi Government's Education Loan Scheme and is not a part of any loan assistance scheme provided by the Government of India.
Yogendra Yadav led Swaraj India had yesterday claimed that the AAP government spent Rs 30 lakhs on advertisements for student loans' scheme, but only three students got a mere Rs 3.15 lakhs till December last year.