Budgetary allocation for interest-free edu loans to be hiked: Javadekar

The Union government will increase its annual allocation for interest-free loans to students and digitalise over 15 lakh classrooms as part of its resolve to ensure quality education in the country, said Union Minister Prakash Javadekar Monday.

The annual budget to provide interest-free loans to 10 lakh students would be increased to Rs 2,200 crore in next three years, said Union Minister for Human Resource Development Javadekar, addressing the 2nd Higher Education Human Resource Conclave here.

Over 15 lakh classrooms from standard 9 to post-graduate levels would be digitalised under 'Operation Digital Board', he told the conclave, organised with an aim "to promote an environment of innovations, employability and entrepreneurship across the country".

Talking of the government's plan to further hike the budgetary allocation for the interest-free loans to students, he said over four to five lakh youths used to get interest-free loans amounting to Rs 800 crore in 2014.

Under the present BJP-led government at the Centre, it has been increased to Rs 1,800 crore to benefit over 8 lakh students, said the minister, addressing the conclave, being attended by education ministers of various states, including those from Rajasthan, Manipur and Uttarakhand.

The conclave was also attended by representatives from various universities and colleges along with the HR managers, corporate leaders and employers, start-ups, CSR agencies and venture capitalists from across the country, besides educationists and senior government officials.

AICTE Chairman Anil Sahastrabuddhe attended the conclave as a special guest.

Demonstrating the government's resolve to metamorphosise education in the country, Javadekar said when Prime Minister Narendra Modi-led BJP government assumed charges, the country's education was pegged at a mere Rs 63,000 crore, which has now gone up to Rs 1.10 lakh crore.

He said the HRD ministry has allocated Rs 4,000 crore each for the first and second phase of Rashtriya Uchchatar Shiksha Abhiyan (RUSA) while the phase-three scheme was in pipeline.

The Centre has provided over Rs 6,000 crore to Jammu and Kashmir, Himachal Pradesh, Uttrakhand, Sikkim, Arunachal Pradesh, Andaman, Rajasthana and Bihar under Technical Education Quality Improvement Program for providing quality education, he said.

The 'digital classes' would improve the quality of education and bring about a radical change, said the minister.

The Centre aims at launching Operation Digital Board' in all schools in five years, said an official release earlier, adding the venture would "ensure quality, equity, accessibility and accountability in education by pro-active action and plan".

The novel venture aims at empowering students "with 360 degree information with interesting learning experience and increased teachers' accountability", it had said.

Interacting with college students in various districts of the state via video conferencing, Javadekar said "the digital technology has changed our lives."
He said "people believe the Northeast is limited to Assam and Guwahati, but it is much more beyond that."