Education loans at 6 pc subsidy

 
The Karnataka Examination Authority (KEA) is the nodal agency to implement this scheme. The interest subsidy for the first year will be remitted by the KEA to the concerned bank directly, based on the certificate furnished by the nodal agency.

From the second year onwards, based on the certificate furnished by the head of the college, the interest subsidy will be remitted to concerned banks subjected to terms and conditions.

To ensure affordable education to all students, the government has decided to deduct Rs 10,000 of the engineering fee.

The engineering fee for the entire course costs around Rs 25,000 of the which the government had announced a deduction of Rs 10,000 for the poor meritorious students seeking admissions in government colleges with effect from the 2009-10 academic year.

About 20,000 students would be benefited from the fee subsidy measure, this year.

On the recruitment of Pre-University lecturers conducted by the Karnataka Public Services Commission (KPSC), Higher Education Minister, Aravind Limbavali, said that the recruitment of the lecturers will be conducted at the earliest.

However, many of the lecturers have produced M Phil certificates from Alagappa University and Vinayaka University seeking recruitment. The KPSC had accepted the application despite discrepancies in the certificates produced by the varsities.

The Higher Education Minister said that the recruitment of these lecturers will be put on hold.