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Wednesday, April 28, 2010

EDUCATION LOAN

EDUCATION FOR ALL. THE ELIGIBILE (6 -14 YEARS OF AGE) CHILDREN CAN NOW SEEK EDUCATION FREE OF ANY FEE UNDER RIGHT TO EDUCATION ENACTED BY GOVT. OF INDIA. EDUCATION IS LIGHT. ILLITERACY IS DARKNESS.

Government of Indian in consultation with Reserve Bank of India (RBI) and Indian Banker's Association (IBA) has framed a Comprehensive Loan Scheme to ensure that no deserving student is deprived of higher education for want of finances. The new scheme covers all types of courses in India or abroad including professional courses in schools and colleges.

The salient features of the scheme are :
1. The scheme envisages loans upto Rs. 7.50 lacs for studies in India and upto Rs. 15.00 lacs abroad.
2. For loans upto Rs. 4.00 lacs no margins or collatoral is required and the interest rate is not to exceed the Prime Lending Rate(PLR). For loans above Rs. 4.00 lacs the interest rate will not exceed PLR plus 1 per cent.
3. Loans are to be repaid in a period of 5 to 7 years with a grace period of one year from the date of completion.
TAX BENEFIT:
Loan Repayment up to Rs. 40000/- is deductible under section 80E of Income Tax Act for a period of 8 years. This deduction is available for the full time professional or other courses.
Reserve Bank of India has instructed all commercial banks to sanction theses loans.\

So, now education is easier to pursue.

In another milestone in the history of India, Unique Identity Card is being introduced. The project is likely to be completed by the end of this year 2010. This unique card will be enough to avail the various welfare schemes of the government. This card has been renamed as "Aadhar" meaning foundation.

In another unique feat by human soul, television is showing a person practising "hath yoga". The 82 years old man has not taken any food or drunk any water for the past over 65 years. 35 renowned doctors have put the man under observation from 22nd April, 2010 to 7th May, 2010 to find out how he has managed to live for so many years without food and water. The doctors from NASA and other countries have come to Hyderabad to observe the old man. The observing doctors conducted a Press Conference and declared that his brain analysis (MRI) has revealed that his brain is as good as that of 25 years' boy. "This is miracle," they say.
The man is calm, quiet, happy and has faith in infinite power of soul. This is "hatth yoga". This proves that man is not body but soul. He says that he gets the power to live from one drop of nectar that drops from his "pituatary gland." Television channels are regularly showing him as agile and awake under observation.