In a conference of state ministers of higher education Human Resources Development Minister Arjun Singh said the government will be launching a scheme under which it will be providing subsidy on educational loans taken by economically weaker sections and also start a scholarship scheme to help poor and meritorious students so that they can take admission in professional courses.
The government will also start a national merit scholarship scheme under which about 41,000 boys and the same number of girls will be given scholarship based on their performance at the intermediate examination.
He said under the scheme each student will get Rs 1,000 per month for ten months for the first two years and Rs 2,000 monthly for the subsequent period. Under the scheme the top two per cent of the students of class XII will be covered.
The government has already another scholarship program running since 2006 for single girl children securing more than 60 per cent marks in class X and XII. Besides, the government has increased the M. Tech assistance from Rs 5,000 to Rs 8,000.
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