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 Himachal Cabinet meeting: Needy children will get financial assistance under CM Sukh Shiksha Yojana

August 25, 2024 05:35 PM
 Himachal Cabinet meeting: Needy children will get financial assistance under CM Sukh Shiksha Yojana

Punjab Newsline, Shimla, August 25-

The State Cabinet in its meeting held here today under the Chairmanship of CM Sukhvinder Singh Sukhu decided to implement the ‘Mukhya Mantri Sukh Shiksha Yojana’, aiming to provide enhanced support to widows, destitute women, divorced women and disabled parents in raising and educating their children. Under this scheme, eligible children will receive a monthly grant of Rs. 1,000 to cover their educational, health and nutritional needs until they reach 18 years of age. Additionally, the scheme will offer financial assistance for higher education, including undergraduate, postgraduate, diploma, and vocational courses, to cover course fees and hostel expenses.
The Cabinet gave its consent to provide 50 percent subsidy for the purchase of e-taxis under Rajiv Gandhi Swarozgar Start Up Yojana-2023 within three months after depositing 10 percent margin money and disbursement of installment of loan by the bank. To implement the scheme UCO bank has been designated as Nodal Bank for sanctioning loan, whereas H.P. State Cooperative Bank, Jogindra Central Cooperative Bank and Kangra Central Cooperative Bank have been designated as preferred banks. The candidates will be offered loans at an interest rate of 7.9 percent per annum.

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