Kerala Education Loan Repayment Scheme for Backward Family Students

Education Loan Repayment Scheme

Kerala State government has launched an ‘Education Loan Repayment Scheme‘ for those students who belongs to the backward families. The main objective of the scheme is to provide relief to the debt-ridden families, who had taken education loans for their wards.

The Chief Minister said that this not a loan waiver programme, this scheme is launched with a purpose to help repayment of education loan.

Read More: List of Kerala Government Scheme

The Chief Minister informed that a state-level bankers committee had estimated an amount of Rs.900 crore as the burden under the scheme. He also said It would have retrospective effect from April 2016 to loans taken up to Rs. nine lakhs.

News Source: http://www.ndtv.com/education/kerala-unveils-education-loan-repayment-scheme-1686707

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