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Naidu Directs 25-Paise Student Loans With State Guarantee and 14-Year Repayment

Operational details remain unsettled.

Overview

  • The proposed facility targets students pursuing higher studies abroad and in premier Indian institutions such as IITs, IIMs and NEET-based medical colleges, with no cap on beneficiaries stated.
  • The state will serve as guarantor for bank-issued loans and the repayment window will be 14 years, with eligibility criteria and bank participation yet to be finalised.
  • Two dedicated coaching centres will be established to prepare Backward Class students for IIT and NEET entrance examinations.
  • Officials were told to study converting welfare hostels into residential schools, complete repairs within a year, prioritize hygiene and install solar power, with toilet upkeep supported through Thalliki Vandanam funds.
  • Further directives include implementing the One Family–One Entrepreneur programme, releasing pending honoraria to Imams and pastors, considering an extension of the Haj application deadline, reassessing Wakf properties and pursuing legal steps for 34% BC reservation in local bodies.