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Educational loans for Haryana girls

CHANDIGARH: The Haryana Women Development Corporation has introduced a new educational loan scheme with effect from April 1, 2007 to provide loans on easy terms to girls. This would enable them to get higher education in India or abroad, Women and Child Development Minister Kartar Devi said here on Tuesday.

She said there would be no precondition of income, caste or religion for the beneficiaries of the scheme. All girls of Haryana domicile would be eligible. At the State level, the scheme will be implemented by the Managing Director of the Haryana Women Development Corporation and at the district level by the District Manager of the Haryana Women Development Corporation and all banks offering educational loans. The Haryana Women Development Corporation will pay interest at the rate of five per cent per year per beneficiary to the bank concerned on behalf of the student availing of the loan.

The Minister said applications for the loans can be sent to any bank offering educational loans to girls for higher education.

According to her, the students can exercise the option of repayment from the first year or at the end of the course. Repayment in case of students who opt to repay at the end of the course would start in the fifth year or after the completion of the course or degree, whichever is earlier, as per the provision of the scheme run by the bank.

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