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Rediff News  All News  » Business » UPA gifts Rs 3,000 crore bonanza to students

UPA gifts Rs 3,000 crore bonanza to students

September 19, 2008 02:13 IST

The United Progressive Alliance government on y announced schemes worth more than Rs 3,000 crore for different sections of students. All these will be operational from the current financial year.

The biggest of the schemes, Inclusive Education of the Disabled at Secondary Stage, will have a corpus of Rs 1,260.80 crore during the 11th Five-Year Plan period (2007-12).

"Disabled children from Class VIII of government, local bodies and government-aided schools will be identified for enrolment in the secondary stage. An estimated 520,000 disabled children will be provided education in inclusive settings during the 11th Plan period. The settings would also be made disabled-friendly in terms of infrastructure, resource support, teaching learning material etc," Finance Minister P Chidambaram said.

The Cabinet Committee on Economic Affairs also approved a Rs 1,000-crore scholarship scheme for college and university students during the 11th Plan period.

"The scheme will help meritorious students belonging to poorer sections of the society meet their day-to-day expenses while pursuing college or university education," said Chidambaram.

Another scheme -- Scholarship for Higher Education -- was approved as a component of the Innovation in Science Pursuit for Inspired Research scheme at a total cost of Rs 820 crore. This includes Rs 20 crore as the implementation cost. This scheme will provide scholarships and mentoring through summer attachment to performing researchers.

Ahead of the festive season, the CCEA also decided to provide Rs 79.70 crore towards liquidating outstanding statutory dues, salary and wages for a period of five months (January to May) for 10 loss-making central public sector enterprises. The companies include Bharat Wagon, Hindustan Cables, HMT Ltd and Hindustan photo Films Ltd.