Haryana government to give credit guarantee of loans for higher edu

CHANDIGARH: Haryana Chief Minister Manohar Lal Khattar here on Wednesday announced that the state government will give credit guarantee of education loans to be taken by students for pursuing higher education.

Speaking on the conclusion of the three-day Budget session here, Khattar said a credit guarantee fund will be set up for the purpose as students face difficulties in getting loan for higher education due to a lack of collateral guarantee required by the banks.

He said after becoming an earning hand, students will be required to refund the loan amount to the banks. A separate provision has been made in the Budget for this scheme, he added. The chief minister also announced that the state government has created a separate Foreign Cooperation Department to focus on initiatives for the welfare of nonresident Indians and youth employment.

He said it has been decided that farmers, workers, students, teachers and representatives of panchayati raj institutions besides urban local bodies will be sent on foreign tours to abreast them with information about the latest schemes at the global level.

Making another announcement, he said the state government employees and their dependents will now be able to get the facility of lung and heart transplant.

Earlier, in his nearly 75-minute reply to the discussion on the state Budget, Khattar said the figure of 28 per cent unemployment rate in the state was incorrect and concocted.

Senior Congress leader Kiran Choudhary had interjected the Chief Minister during his reply and drawn his attention to the high unemployment rate.