The Union Human Resource Development Ministry proposes to set up an education financial corporation to provide soft, long-term loans for developing educational infrastructure.

The corporation will also help students get loans for pursuing higher education, but this will be through refinance by banks.

The Ministry is holding consultations with the Planning Commission to finalise the plan, Human Resource Development Minister Kapil Sibal said in an interaction with reporters at the Indian Women's Press Corp.

He said those wanting to invest in infrastructure would be eligible for tax concessions......Click for more

Source Web Page:The Hindu