Jharkhand Boosts Student Loans to Rs 15 Lakh with Guruji Credit Card Scheme Expansion

• Jharkhand's Guruji Student Credit Card scheme now offers up to Rs 15 lakh for higher education.
• Aims to raise Jharkhand's Gross Enrollment Ratio (GER) from 17% to 30% and eventually 50% by 2035.
• Scheme features include a 4% simple interest rate and a 15-year repayment period, starting one year after course completion.
• 2,530 applications received, with 858 approved and loans sanctioned for 733 students.
• Part of a broader education reform, including new universities, colleges, and specialized institutions.

Why It Matters: Jharkhand significantly expands student credit to Rs 15 lakh, aiming to transform higher education access.