Mukhyamantri Ucch Shiksha Rin Byaj Anudan Yojana | 08 Oct 2024

Why in News?

The Mukhyamantri Ucch Shiksha Rin Byaj Anudan Yojana, 2024 is a newly launched scheme by the Chhattisgarh government aimed at providing loans to students pursuing higher education in technical courses.

Key Points

  • Objective: To support students from financially weaker sections, particularly those from Maoist-affected districts, by providing education loans at an interest rate of 1% , up to Rs. 4 lakh.
  • Target Beneficiaries: Over 2 lakh students in Chhattisgarh, particularly those affected by financial instability and residing in areas impacted by Naxal activities.
  • Eligibility Criteria:
    • Residency: Applicants must be permanent residents of Chhattisgarh.
    • Income Limit: The annual family income should not exceed Rs. 2 lakh.
    • Course Requirements: Students must be enrolled in diploma, graduate, or postgraduate programs in technical fields recognized by relevant authorities like AICTE or UGC.

All India Council for Technical Education (AICTE)

  • The All India Council for Technical Education (AICTE) is a statutory body, and a national-level council for technical education, under the Ministry of Education, Government of India.
  • It was set up in November 1945 as a national-level apex advisory body.

University Grants Commission (UGC)

  • It came into existence on 28th December, 1953 and became a statutory body by an Act of Parliament in 1956, for the coordination, determination and maintenance of standards of teaching, examination and research in university education.
    • It also regulates the recognition of fake universities, autonomous colleges, deemed to be universities, and distance education institutions.
  • The head office of the UGC is located in New Delhi.