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Edunews > Admission News > HRD Ministry proposes Interest-free loans for all IIT students

HRD Ministry proposes Interest-free loans for all IIT students

The HRD ministry has proposed interest-free loan for all IIT students (entire tuition fee) under government’s ‘Vidyalakshmi’ scheme at the time of admission.

According to the sources, the proposal will be approved by the IIT council shortly. Both the Chairperson of the IIT council and the HRD minister are entitled to take the decision.

Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. This portal has been developed under the guidance of Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA).

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Education Loan for students, Banks offering Educational Loans India

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