On Tuesday Minister of State for Human Resource Development D Purandeswari informed Lok Sabha that the government is working out a plan to subsidize the interest component during the moratorium period on education loans taken by students having lower than a specific parental income for pursuing professional education in India.
In a reply to a question the minister said, "A proposal to introduce a scheme for providing interest subsidy during the moratorium period on the education loans taken by students having lower than a specific parental income, for pursuing professional education in India under the revised Model Educational Loan Scheme formulated by the Indian Banks' Association, is under consideration of the government."
She said in the 11th plan a provision of Rs 4,000 crore has been allocated for this proposed scheme.
In a reply to another question Purandeswari said the Indira Gandhi National Open University (IGNOU) has launched many certificate courses and diploma programs. She informed a six month certificate course on HIV/AIDS and Family Education (CAFE) was started in 2002.
The Minister said from the academic session 2003 a diploma program on HIV/AIDS and Family Education (DAFE) was started and the course on social work with compulsory courses on HIV/AIDS and Family Education and Substance Abuse was introduced in academic year 2004.
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