News Karnataka
Sunday, April 21 2024

Karnataka mulls higher loans for minority students’ education

Zameer Ahmed
Photo Credit : By Author

Bengaluru: Karnataka’s Housing and Minorities Welfare Minister, Zameer Ahmed Khan, has announced plans to raise the loan amount for deserving minority students from INR 300,000 to INR 500,000. During the unveiling of the 2023-24 initiatives by the Karnataka Minorities Development Corporation (KMDC), Khan stated that the current loan granted to medical students admitted under the government quota might see an increase. He emphasized that this adjustment would be particularly beneficial for economically disadvantaged students pursuing advanced education.

Khan also indicated that minority students studying abroad could experience an augmentation in their loan allowances. He noted that the existing INR 2 million education loan for recognized university studies overseas may be heightened to INR 3 million through the assistance of KMDC. Khan highlighted the recent success in securing an annual grant of INR 500 million after the state encountered challenges in accessing National Minority Development Board programs over the past three years.

Additionally, Minister Zameer Ahmed Khan launched a subsidy of INR 300,000 for unemployed individuals seeking to purchase four-wheelers. He inaugurated “Shrama Shakti,” a skill development training program, and introduced a loan scheme of INR 50,000 targeting widows, unmarried women, and divorced women. The event was attended by officials including Minorities Welfare Department Secretary Manoj Jain, Director Jilani Mokashi, and KMDC Managing Director Mohammed Nasir.

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