CCEA approves continuation of Credit Guarantee Fund Scheme for Education Loans



Cabinet Committee on Economic Affairs (CCEA) has approved the continuation of the Credit Guarantee Fund for Education Loans Scheme and continuation and modification of Central Sector Interest Subsidy Scheme with a financial outlay of 6,600 crore rupees from 2017-18 to 2019-20. The scheme will cover loans for pursuing professional and technical courses to promote quality education. 


CEA also approved a proposal to formulate an Integrated Scheme on school education by subsuming Sarva Shiksha Abhiyan, Rashtriya Madhyamik Shiksha Abhiyan and Teacher Education from 1st April 2018 to 31st March 2020. An estimated allocation of 75,000 crore rupees has been approved for this which is a 20 percent increase over the current allocations. 

Source- The Economic Times