Children get Rs 10,000 interest free loan to buy a mobile phone 

 

         Today I would like to introduce a scheme , students  can get an interest free loan of up to Rs 10,000  to buy a mobile phone. Classes for children are now conducted online because  of covid 19. That’s why two or three mobile phones are essential in a home. This is a very difficult task for a common person. Today I am sharing with you very good notes for such people.

      Students from financially distressed  families do not have the money to buy a mobile phone. They will get an interest  free loan for purchasing mobile phones for students  to continue  their online education. 

        This scheme is called Vidya tharangini. Under this scheme a student can get a loan of Rs 10000. The last date to apply for this loan is July 31st. These loans are provided by cooperative banks and cooperative societies. 

       Repayment period is maximum 24 months. They should be repaid in equal installments during this period. After the repayment period, the balance amount  payable at the maximum interest of 8 percent. This scheme is very helpful for those who are studying online classes.

Documents 

  • A certificate from concerned school authorities 
  • Bill of the purchased amount.

          This loan is available to students studying from class 1 to  class 12. This is one of the most useful for children who are unable to attend classes due to lack of mobile phones.

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