Jharkhand Budget 2022-23: New loan schemes launched to enhance education sector

With an aim to provide educational loans to students for higher education at nominal interest, the government proposed the Guruji Credit Card scheme.

Jharkhand Budget 2022-23: New loan schemes launches to enhance education sector

Jharkhand government has presented its budget for the financial year 2022-23. With an aim to provide educational loans to students for higher education at nominal interest, the government proposed the Guruji Credit Card scheme. The state government released a Rs 1.01 lakh crore budget, with higher spending on sectors like health and infrastructure. 

Jharkhand Budget 2022 : New loan schemes

"For educational loan, banks asks for collateral security. But, poor students are generally not able to provide it. In such cases, they miss the opportunity of higher education. Under Guruji Credit Card, state government will be the guarantor for such loan," said Principal Secretary, Finance department Ajoy Kumar Singh during a post-Budget briefing here.

Mukhyamantri Sarathi Scheme has also been proposed to help all the degree-holding students to prepare for the competitive examinaitons. The budget also provided for the Marang Gomke Jaipal Singh Munda Trans-national Scholarship scheme will now be extended to students of Schedule Caste, Backward and Minority communities. Finance Minister Rameshwar Oraon said that recognising that funds are insufficient for the 0yentire family to reside in small houses built under Pradhan Mantri Awas Yojna (Rural), the state government has plans to provide Rs 50,000 per house for the construction of an additional room from the state fund.

Under the Pradhan Mantri Awas Yojana (Rural), the construction work of 10.44 lakh houses has been completed so far and remaining 5.22 lakh houses are likely to be completed in next fiscal, he said.

The government also announced 100 units of electricity free for the poor and the farmers to reduce electricity bill burden on them. Besides, in a bid to encourage start-up in the state, finance minister has proposed a Start-up Capital Venture Fund in the budget.

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