It will be only for those who get admission through CET
Children of farmers pursuing higher studies will be eligible for interest-free loans from the coming academic year and the scheme will be put into operation before the Common Entrance Test (CET) for admission to professional courses. A sum of Rs. 20 crore has been earmarked for the interest component.
In his reply to the debate on the budget estimates for 2011-12, Chief Minister B.S. Yeddyurappa presented another mini-budget of sorts with a string of announcements relating to various schemes and financial allocation for several programmes and organisations, particularly those related to the farm sector. The interest-free educational loans to farmers' children will be only for such children who get admission through the CET. While the loans can be obtained from banks, the Government will pay up for the interest component. With reference to the financial position of the State, the Chief Minister said it was buoyant and the Government would meet the plan expenditure of Rs. 31,000 crore for the current financial year, ending March 31.
The Chief Minister also came up with fresh announcements, including a pension scheme for unmarried women aged above 45 and hailing from below the poverty line families, Rs. 5 crore for the construction of a hall named after Krishnaraja Wadiyar at the Maharaja's College, Mysore, Rs. 5 crore to the Adichunchanagiri Math for construction of a building for the Veda and Agama course, Rs. 5 crore for the development of the Renuka Yellamma temple, Rs. 5 crore for development works at Datta Peetha, and Rs. 2 crore for the development of Pajaka Kshetra, birth place of Madhwacharya, propounder of Dwaita philosophy, near Udupi.