After fee hike, IIT students now can access to free loans

After the fee hike news which brought a trouble for IIT students who faces financial crisis now a relief bringing statement has come from HRD ministry that all the IIT students will have access to interest-free loans for the entire tuition fee under government’s ‘Vidyalakshmi’ scheme at the time of admission.

SMRITI-WEFORNEWS

The proposals will be ratified by the IIT council shortly. “As chairperson of the IIT council, the HRD minister is entitled to take the decision,” a source said.

In case of JEE, some regulation has taken. Performance of students in Class 12 examination will still be crucial for JEE eligibility. students will have to secure minimum 75% marks or be in the top 20 percentile in the class XII examination to be qualify JEE. For SC, ST students, it will be 65%.
The ministry said the reason behind the hike, is the cost of maintenance of IIT’s. IIT council had also said the hike would ensure that salary and maintenance bills, that come to over Rs 2,000 crore annually, are met.

Wefornews Bureau

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