Student Loan Scheme of SBP
Pursuant to the announcement made by the Federal Finance Minister in his 2001-2002 budget speech, a STUDENTS LOAN SCHEME (SLS) for Education has been launched by the Government of Pakistan in collaboration with major commercial banks of Pakistan (NBP, HBL, UBL, MCB & ABL). Under the Scheme, financial assistance will be provided by way of Interest Free Loans to the meritorious students who do not have adequate financial means to pursue studies in Scientific, Technical and Professional education within Pakistan. The Scheme will be administered by a high power committee comprising Deputy Governor, State Bank of Pakistan, Presidents of the commercial banks and Deputy Secretary, Ministry of Finance, Government of Pakistan.
The objective of the Students Loan Scheme is to provide financial assistance to the meritorious students of insufficient means who have obtained 70% marks in the last public examination and are unable to pursue their studies within Pakistan due to financial difficulties.
Loans under the scheme shall be granted to students who are nationals of Pakistan including Northern Areas, Federally Administered Tribal Areas and Azad Jammu and Kashmir and of age not exceeding 20 years for
graduation, 30 years for post-graduation and 35 years for Ph.D.
Students Loan Scheme will be allowed only to those students who have been admitted to an approved Universities/affiliated Colleges.
0 comments:
Post a Comment