HRD ministry announces interest-free loans to IIT students

After facing flak for hiking the fee structure at the premier institutes, the HRD ministry has announced that IIT students can now avail interest-free loan, with household income not exceeding Rs 9 lakh p/a. The proposal will cover students for a period of 5 years, including the integrated degree course and 1-year moratorium period.

Written by Shaik Zakeer Hussain

Shaik Zakeer Hussain is a former Sr. Correspondent at NextBigWhat. You can get in touch with him here: linkedin.com/in/shaikzakeerhussain or follow him here: twitter.com/zaknetic.