Breaking News

Disbursement of interest-free education loans by July 20

Panaji: The Goa Education Development Corporation (GEDC) has maintained that all the students entitled to financial assistance under the Interest Free Education Loan (IFEL) Scheme of the government would receive the related money by July 20, 2019.

“There was a two-month delay in disbursement of funds under this scheme due to the election code of conduct, which was in force due to the Lok Sabha election,” GEDC chairman Kanta Patnekar stated, pointing out that there is no dearth of money with the government for running this scheme.

It may be recalled that the Congress party had recently raised concerns as regards the students pursuing professional education within and outside the state facing problems as the Goa Education Development Corporation had failed to disburse the fees under the Interest Free Education Loan Scheme since last three semesters.

Speaking further, the GEDC chairman said that this year, the Corporation has disbursed the loan money under the particular scheme to 791 renewal cases, amounting Rs 7 crore, even when the election code of conduct was in force. “And now we will disburse the funds to all new candidates under the scheme, by signing bonds with them,” he informed.

The main objectives of the particular scheme are to promote pursuit of higher education and technical education by younger population of Goa to ensure that economical conditions and financial difficulties do not come in the way of such pursuit, and to assist eligible candidates by way of interest-free loans to undertake approved degree and diploma courses at undergraduate and post graduate levels, in India or abroad.

The Congress had alleged that with too many portfolios with him, Chief Minister Pramod Sawant was neglecting the education department and he needed to pay attention to the many pending educational issues including infrastructure of schools, recruitment of teachers and regularisation of teachers.

Check Also

Panel set up to plan Goa’s National Law University

PANAJI: The state government has constituted a committee to draft a proposal for setting up …