x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Kathua rape victim accused of rape by JNU student | Under construction shop collapses: | FAM tour for Kashmir tourism nothing for Jammu! | BJP ditched Ladakh, Ladakh decimated it | Governor pulls up Govt Deptts over violation of transfer policy | Independents close to Singh win vital seats | NC, PDP left speechless; national parties strengthen foothold in Valley | BJP neglects own legislator's constituency while in power | CJ inaugurates training programme for POs, Medicos | Congress wins MC Banihal, BJP MC Batote ; MC Ramban witnesses hung mandate | Film 'Gulabgatha' set to be released on Oct 21 | Academic session coming to close, 1856 students of 120 Govt Schools still without uniforms | LWWS stages nukkad play | ZEO Arnas attaches 2 influential teachers in HS Kanthi | PCCF office denies info on axing of Forests | BLSKS concludes Navratra Festival | Top industry experts call on Advisor Ganai | Commercial Taxes Deptt, Jammu tightens noose against Non-Filers of GST Returns | Jodhamal Skaters Excel In Cbse Cluster Games | BJP wins 34, Congress 19 in District Kathua ULB Poll | BJP, Congress share honours in Rajouri MCs | Prof Ashok Aima, IG Jammu flag of Coaches for USA Supported Leadership Through Sports Prorgamme | Incidents of PDD linemen dying of electric shock on rise | Rising Star Gunners organises medical cum veterinary camp at Nilcha | Saurabh Bhagat reviews functioning of JKBOCW Welfare Board | 51st Annual General Meeting of IEI held | 7th Annual Conference of JK Chapter of ASI enters 2nd day | Members of Rehri, Khokha union pay tribute to Amritsar tragedy victims | Students of JNV Kotranka stage protest against school management | JYF demands CBI probe in fraud and nepotism-favoritism in CUJ | Govt designates Sethi as Nodal Officer for uploading legislations | JK Randonneurs welcome Dare Devil Riders | People of Poonch demand separate ARTO | Commandant 16th Bn congratulated promoted cops | Div Com reviews status of land acquisition cases of NHAI | JJA: HC asks Govt to 'apply mind' on suggestions by Justice Masoodi | MV School releases various edition of newsletter | MAM beats SPMR in football final | DPS Jammu wins gold in district martial arts championship | Counting staff takes eight hours to count few thousand votes polled during civic polls in Sgr | Thin line divides separatists, mainstream in Kashmir | BJP fails to convince voters in Leh, failure to fulfill poll promises gave setback to party | Shiksha Niketan School celebrates Dusshera | Cong wins 20 of 25 wards of Anantnag MC | DC Reasi denies Docs Association's allegations | BJP wins Jammu civic body polls as main political rivals stay away | Nagrota attack: NIA arrests key accused in 2016 Army base offensive | CUJ to organise workshop on "Leadership through Sports Program" | FMPHW's dhara enters 55th day | Advocate General, Law Secretary review ongoing work at AG office | 3700 bottles of banned drugs seized, two interstate narco smugglers arrested | J&K boys bag 3 Podiums in 20th Addition of Raid De Himalaya | JIAR students visit Sheetli Water Purification Plant at Nagrota | Dogra College organizes induction ceremony | Triple Talaq, Section 497, Sabrimala & Indian Women! | JKSA condemns harassing of students | Assessment, Refinement and Dissemination of Crops Production Technologies | JKAC to celebrate accession day | Massive landslides block Jammu-Srinagar highway | 7th annual conference enters second day | Power of intentional networking | Husband gets lifer for killing wife | SVO challans Revenue officials | Govt constitutes SLSC, SLEC for implementation of Rashtriya Gram Swaraj Abhiyan | Power shut down | Drug peddler arrested with poppy straw | Exhibition-cum-sale at NIFD inaugurated | Parent orientation programme organized | AP of MIER college completes fellowship | Kashir Kalakar season 3 held | GGHSS celebrates iodine control programme | Back Issues  
 
news details
Govt to provide education loans with interest subvention
1/12/2018 10:42:06 PM
Early Times Report
Jammu, Jan 12: Reaching out to youth of Jammu and Kashmir, the Mehbooba Mufti government today announced educational loan facility from banks with interest subvention on repayments till completion of course.
Also, the state government will set up a corpus fund of Rs 12,000 crore that will be used for making timely GPF (General Provident Fund) payments to the government employees in future.
For the youth, the government has decided that education loans will be made available from banks with interest subvention facility till course completion, state Finance Minister Haseeb A Drabu said while presenting Rs 80,000 crore Budget for the fiscal 2018-19 in the state assembly.
"A good number of students from our state aspire for higher intellectual pursuits in top universities of the world but are not able to realise their dreams due to financial constraints," he said.
The minister said that students belonging to weaker sections and children of single mothers, who qualify top examinations to secure admissions in different universities, shall be provided interest subvention on the education loans till the completion of the course, he said.
In order to widen the platform of vocational training opportunities to the lesser educated youth, the minister proposed introducing more trades having entry qualification as 8th pass.
"This will be backed by required additional funding," he added.
"To address the career counselling gaps in our employment sector, I have decided to institutionally intervene by putting in place a proper career counselling framework in the state at different levels. I, accordingly, propose to make an initial provision of Rs 5 crore for the purpose," he added.
"A vast majority of our population has not stepped beyond Lakhanpur to see not only our countrys recent economic development, but also its great cultural diversity.
"Its my firm belief that if our youth are exposed to the mainland, this will have positive impact on the situation in the state as well," he added.
The finance minister said that each MLA, MLC can nominate 50 boys and 50 girls from his or her constituency for such educational, learning tours.
This year, around 13,000 students shall be sent on such tours to different cities of our country.
"I, accordingly, propose an initial sum of Rs 10 crore for the purpose," he added.
For the poor and marginalised, the government had decided that the minimum wages of unskilled workers were raised from Rs 150 to Rs 225, while those of skilled labour to Rs 350 from Rs 225.
A new category of highly skilled worker was introduced and Rs 400 was fixed as the minimum wage.
"We have insured the lives of construction workers, protected them against disability, disease and death, provided for their childrens education and given them access to small credit. I am sure this will make life simpler and more secure for 3 lakh families; i.e. 15 lakh people," he added.
Free life and medical insurance cover and a monthly sustenance pension on the pattern of old age pension scheme for all transgender people above the age of 60 who are registered with the social welfare department, he added.
The government proposes to set up a Disaster Mitigation Fund� with an initial corpus of Rs 10 crore and also Propose to�frame a uniform Employment Code for the state, containing all�the labour laws in force in the State.
The proposed Employment Code shall set out the framework for terms of employment and service of all the workers except domestic workers and agricultural labour and a strong, independent and separate labour judiciary, he added.
J-Ks Accredited journalists have also been covered under�mediclaim group insurance scheme, he said.
The government proposes to set up a Disaster Mitigation Fund with an initial corpus of Rs 10 crore.
The government is required to constitute a State Finance Commission in terms of the Jammu and Kashmir State Finance Commission for Panchayats and Municipalities Act, 2011, he added.
A committee of officers and professionals in the area of taxation and industry has been constituted to work out the framework for bringing real estate, electricity, alcohol and Petroleum under a J-K GST, he added.
"Good finance is not an end in itself; it is a means to a social and humanitarian end.
This is especially so in J&K which has gone through unimaginable troubled times", he added.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU