Sending a strong signal that it means business, the Central Government has proposed to develop the skills of young students by opening up 1000 polytechnic institutions and 374 degree colleges in 210 backward districts across the country with one third of the capital cost of such institutions being borne by them.
The institutions and colleges will commence from 2009-10 for which the focused approach would be to impart skills as per the modern requirements of governments and industries.
The important issue of educational loans to students, the human resource department secretary said that nearly 16.5 lakh students have been extended education loans worth Rs. 27,500 crores for higher education through the Indian Banking association.
These loans have been extended to students studying in authorized institutions.
