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Financing higher education

Start Date :
Jan 22, 2015
Last Date :
Nov 01, 2015
00:00 AM IST (GMT +5.30 Hrs)
Roughly 1% of GDP is spent on higher education as against a target of 1.5%. In the recent years, the state share of expenditure on education has declined as compared to an increase ...
Iam expecting that SC/ST Studnts need more finace help an Basic science teaching suport
Promote the Dalit people for Phd in scienceresearch
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And the student fails to carry on the higher education. And if one go to Pvt. Banks then the rate of interest is higher than the charges of nationalized bank and besides this the processing charges, the pvt. banks should be start deducting the Principle amt. after the completion of the course as the case of nationalized bank. the banks should finance the higher education irrespective to the rank of the university worldwide so that the children must fulfill their dreams.
Financial Loan for the higher education by the Nationalized banks are seems to be difficult as there are so many formalities for obtaining loan from the nationalized bank. once u completed that then the power of the sanctioning of the loan some branch manager are not aware about their power for sanctioning of loan. Moreover the bank distributed the loan to those university who are in the list if someone choose university or college but not in the bank list then all the formalities gone waste.
On one hand Indian Government is talking about 1% percent of GDP being spent on Education on the other hand students are not getting even getting any financial support from Government to study. I have seen the reality of Government's claims about education loan, how banks refuse the students for loans to stop them seeing dreams. I am also one of the victim of that i have been selected for Israel Government Scholarship after my hard work but don't have money to pursue my studies in Israel.
There is need of National Institute of Management along with IIM Like we have NIT along with IIT and IIIT , NIFT. The best way to remove constraint is by providing loan without collateral Govt. Should strictly ask financial institution to disburse the loan with less interest rates with longer validity period. Government can organize Common National Scholarship Examination to shortlist the student who are interested in pursuing higher education .Connect Govt employment with higher education .
illiteracy and improper sanitation are the 2 important factors which checks the proper expansion of our country in any field...so our govt should improvise their plans by keeping these two things in mind...
The only thing which is increased on expenditure is the Education. So, we give more education to all and give education to all those who wanted education. We can give quality education for Indians as well as foreigners. While we plan free education for all Indians, We can charge fees for foreigners make India the "Intellectual Hub" of the world. The education all over the world is expensive and even if we charge 60% of average cost for foreign students will make our institutions viable.
We can find the funds for education by charging an educational cess on all the taxes levied and make the education available to all the citizens free of cost from KG to Research. Another way to raise funds is by increasing the number of seats by expansion of existing institutions and by setting up of new ones and reserve a certain percentage in them for foreign students and charge a 60 percent fees that is charged for similar courses in foreign countries. We give education to finance ours.