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Monday, November 22, 2010

Education Minister K. Ponmudy says; Over 2,500 students given education loan

Villupuram, 22nd Nov: Higher Education Minister K. Ponmudy disbursed educational loan of Rs. 26.53 crore to a total of 2,512 students at a function held here on Saturday. He said that three decades ago, higher education was beyond the reach of the economically weaker sections.

It was a pipe dream especially for students belonging to the poor and the depressed classes because they did not have the financial backing or wherewithal to pursue higher education. If at all banks came forward to provide financial assistance, they did so based on the strength of collaterals.

Having realised the difficulties of the vast majority of students who could not take up higher education without monetary support,
Chief Minister M. Karunanidhi had launched the educational loan scheme. It had come as a great relief to parents who could not even pay the government fixed tuition fees of Rs. 32,500 for engineering courses.

Mr Ponmudy said that the government's proposal to give free education to the first generation engineering graduates had benefited 75,000 candidates this year. The parents who were keen on getting bank loans for the education of their wards should promptly repay loans. Other students would be able to derive similar benefits only if loans are repaid.

In the sphere of education, Tamil Nadu was forging ahead and it could be seen from the fact that the number of government engineering colleges that stood at six in the past 50 years had leapfrogged to 12 now.

A nursing college would be opened on the premises of the old government hospital here next year. With the setting up of two government engineering colleges, a postgraduate extension centre of Thiruvalluvar University, a government arts college at Thiruvennainallur and a polytechnic college at Thirukkoilur had now become a model district in terms of higher education.

Collector R. Palanisamy said that in the past four years total educational loan of Rs. 254.14 crore was disbursed to 22,883 students.

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