BHU, Banaras Hindu University, has launched a brand new mortgage scheme. The establishment hasBHU has launched this interest-free mortgage scheme to help economically weak college students.

The scheme will college students who’re unable to proceed their research resulting from monetary constraints

The Banaras Hindu University (BHU) has launched an interest-free mortgage help scheme for college kids who’re unable to proceed their research resulting from monetary constraints.

Students from the farming neighborhood may also take profit from this scheme.

According to an announcement, college students whose household has a BPL card, or whose dad and mom have succumbed to COVID-19 or are not alive, and the child was reliant on their earnings, can be supplied an annual help of Rs 12,000 below the scheme.

This has been achieved in order that they’ll full their college diploma in a well timed means. A referral from two college members is required to take part within the scheme.

In an announcement, Vice-Chancellor Prof Sudhir Kumar Jain said that the establishment will present all possible help to college students to ensure that them to finish their research. He said that the monetary help will likely be within the type of an interest-free mortgage.

As of at present, as much as 1,000 college students will have the ability to take use of this scheme. According to the assertion, roughly 200 functions have been obtained on this respect, with 103 being accredited.

It mentioned that after the scholar obtains employment, she or he will have the ability to pay again the loans in two years in instalments. The burden for repaying the loans is not going to fall on the scholar’s dad and mom or college members who prompt the scholars for the mortgage, in keeping with the assertion.

Few weeks again, BHU additionally introduced scholarships for worldwide college students finding out on the college below the “Scholarship to International Students” program. This new scholarship program to enroll abroad college students. The “Scholarship to International Students” program is likewise aimed toward attracting and inspiring extra worldwide college students for enrolling on the college.

Foreign college students will get Rs 6000 monthly below the initiative, which will likely be renewed yearly primarily based on acceptable efficiency. If a pupil is presently receiving a lower-value scholarship, she or he will likely be eligible for the distinction.

First revealed on: 28 Apr 2022, 10:27 IST



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