Credit Education
Impact of Budget 2024 on Education Loans in India
The Union Budget 2024 significantly boosts the education sector with a record allocation of ₹1,12,898.97 crore. Key initiatives include a ₹1 lakh crore interest-free loan for states to support higher education research and innovation, new medical and technical institutions, and expanded scholarships for economically weaker students. Vocational training programs also receive emphasis to enhance employability and industry-relevant skills. These measures aim to improve the quality and accessibility of higher education, easing financial burdens for students seeking education loans.