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IITs in MP, Rajasthan soon
February 16, 2009 12:08 IST
Last Updated: February 16, 2009 14:06 IST
Pranab Mukherjee, who is holding additional charge of the finance portfolio, presented the Interim Budget for 2009-10.
A number of new IITs started functioning in 2008-09, the minister said, adding that two more IITs in Madhya Pradesh and Rajasthan will start functioning in 2009-10.
According to Mukherjee, an Ordinance was promulgated for establishing 15 central universities and in addition to this, 6 new Indian Institutes of Technology in Bihar, Andhra Pradesh, Rajasthan, Orissa, Punjab and Gujarat have started functioning in 2008-09 while two more IITs in Madhya Pradesh and Himachal Pradesh are expected to commence their academic session in 2009-10.
Due to a revision in Educational Loan Scheme by the government, the number of beneficiaries has increased from 3,19,000 to 14,09,000 and the amount of loan outstanding has increased from Rs. 4,500 crore (Rs 45 billion) as on March 31, 2004 to Rs 24,260 crore (Rs 242.6 billion) as on September 30, 2008.
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