Jharkhand Introduces Schemes For Higher Education

• 14 Mar 2024

Why in News?

At the inauguration ceremony held at Ranchi's Tana Bhagat Stadium,Jharkhand Chief Minister introduced two schemes aimed at enhancing students' access to higher education.

• The two schemes are the Guruji Student Credit Card and the Manki Munda Scholarship.

Key Points

• Under the Guruji Student Credit Card scheme, students can avail collateral-free education loans of up to Rs 15 lakh with an annual interest rate of 4%.
  • Repayment of the loan begins one year after the completion of the course, with the government serving as the guarantor.
• Under the Manki Munda Scholarship scheme, girl students will receive Rs 15,000 per annum for diploma courses and Rs 30,000 per annum for engineering courses.
• He also mentioned the Mukhyamantri Shiksha Protsahan Yojna, a scheme providing a monthly stipend of Rs 2,500 to students.
  • This stipend aims to alleviate living expenses during coaching, ensuring that financial constraints do not impede educational pursuits.
• The chief minister inaugurated a newly built 3D theatre at the regional science centre in Ranchi, further stressing on the government's commitment to promoting education and innovation in the state.

Mukhyamantri Shiksha Protsahan Yojna

• This Scheme offers free coaching for students preparing for National Level Competitive Examinations like JEE, NEET, CLAT, NHMCET, NIFT-CET etc.
• The students will also receive a monthly assistance amount of Rs. 2500/- for the entire course period.
• Selection of students will be based on their Class 10th marks and admission to coaching institutions will be on a first come first serve basis.