Union Budget 2024: FM Announces Fiscal Aid For Loans Up To Rs 10 Lakh For Higher Education | ABP News

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, 2024, unveiling several key measures for education and employment. She announced education loans up to Rs 10 lakh for students in domestic higher education institutions, with e-vouchers issued to 1 lakh students annually, providing a 3 percent interest subvention on these loans. The budget includes a significant allocation of Rs 1.48 lakh crore for education, employment, and skilling. Key highlights include an upgraded skill loan scheme, substantial support for education loans, a new internship initiative, and the establishment of new medical colleges in Bihar. The budget aims to enhance higher education and skill development while introducing employment-linked incentives.