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Andhra Pradesh
‘Pavala vaddi’ loans likely for higher education
HYDERABAD: After women and farmers, the State government is seriously contemplating extending the “Pavala vaddi” scheme to students of higher education on the loans they obtain from various banks.
The government has made a proposal to this effect at the recent State-Level Bankers’ Committee meeting and the modalities for introducing the scheme from the current year are being worked out.
In line with Indiramma, the government has proposed adopting saturation concept in the scheme wherein all eligible and deserving students applying for loans will be provided with assistance in completing their courses.
Disclosing this in an interview to Doordarshan on Saturday, Chief Minister Y.S. Rajasekhara Reddy said the government was trying to ensure that branches of different banks adopted institutions of higher learning in their jurisdiction for providing loans. Bankers had been asked to open special counters in the colleges.
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