Dearer Education

     From last one decade, in the country, lot of new horizons of study emerge, now students have countless options to opt for professional courses’ after plus two, compare to last gone decade when they had to pass degree then look for any professional career, and still had handful options. To name few professional courses after plus two in today’s time student have–

• B.C.A.
• Information Technology
• M.B.A.
• Mass Communication
• Photography
• Animation
• Call Centre
• Media
• Fashion Designing
• Web Designing
• Film Making
• Marine
• Interiors
• Architecture
• Engineering
• Hotel Management
• Computer Science
• Internet security
• Finance

but with the facility of score of new area of study and profession, it is the hard fact that the courses are not economical and cannot afford by every deserving students of country, so aspirants have to look for funds / finance/ loans from banks, which are very costly, as per rough estimates loans are available at 10 to 12 percent from nationalize banks. To lessen the monetary burden of students, from government side there was necessity of initiatives especially students who want to go for higher education, day store them a good news as they will now be able to get loan at 4 percent. As per plan Central government is considering seriously to constitute “National Education Finance Corporation”, which also get nod from planning commission, and it will help banks finically for education loans, after it get clearance from group of minister, likely to be present in next meeting.
     As per plan in the beginning “National Education Finance Corporation” will constitute with equity capital of 5,50 million Rupees, human resource ministry will pump in 3,00 million every year and it will reach to 3,550 million in 2020,loans will be disburse at four percent to such students whose family income will be less then 0.45 million per year, and for students who need loan up to 1.2 million will get loan at nine percent, plus period of repayment is increase from six to twelve years from present five to seven years.
    If National Education Finance Corporation get nod of group of ministers which is its last obstacles, then students will be able to get loans for their study at three folds less percent, they are getting right now and it will be great relief for students plus they will also be in the bracket of six to twelve years period to return back after they get job. As youth is future of country and education make them assets of country. So satisfy, happy, educated generation will lead country towards new heights and goals, and don’t except anything from confuse and misguided youth.