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"The ministry has planned a subvention scheme which will ensure that the interest part on loans is taken care of by it. The details of the scheme are being finalised by the ministry."
By: PTI | New Delhi | Updated: July 15, 2016 1:20 pm
The HRD Ministry is working on a subvention scheme to help IIT students get interest-free loans so that they can pay their fees easily.
Officials in the Prakash Javadekar-led ministry said while the fee for these institutes was hiked recently, the government also wants that students and their parents do not face any hardship.
“The ministry has planned a subvention scheme which will ensure that the interest part on loans is taken care of by it. The details of the scheme are being finalised by the ministry,” an official said.
Under the earlier HRD minister Smriti Irani, the fee was increased from Rs 90,000 to Rs 2 lakh per annum.
However SC, ST, the differently abled and economically backward sections were provided waivers.
Officials said that the scheme will help those, who don’t come under the categories but still may need assistance to cope with increased fee.
When the IIT fee was hiked, it was mentioned that students would be able to get interest-free loans under the ‘Vidyalakshmi’ scheme.
However, according officials, there has been some feedback regarding difficulties prospective students are facing in securing interest free loans and the ministry is trying to ensure that these are addressed.
The fee hike comes into effect from this academic year, when the new batch joins.
MHT-CET 2016: Aspirant's denied admission after DTE's error
15 July 2016
In a recent declaration, the Directorate of Technical Education (DTE), Maharashtra has decided to scrap the admissions to the engineering courses for students who had not taken the Maharashtra Common Entrance Exam (MHT-CET) 2016 and had got admission on the basis of JEE Main 2016. DTE has informed this to all the students who were allotted seats in Centralised Admission Process (CAP) Round 1 on the basis of their JEE Main 2016 marks.
"It was an error from the CAP's side. We are now awarding seats according to the State Government's directives. Primarily, we will allot seats on the basis of MHT-CET marks. Secondly, we will accommodate only those JEE students who had taken the MHT-CET 2016," said D S Meshram, Joint Director - DTE.
DTE has allotted around 15% seats for admissions in the engineering colleges in Maharashtra through JEE Main score. "Students who secured admission through their JEE Main score and had also taken the MHT-CET test will be given preference in the fourth round of CAP, in the Other than Maharashtra State category (OMS)," said Meshram.
This is not the only problem which engineering aspirants will have to face in Maharashtra, as the All India Council for Technical Education (AICTE) has gone to the Supreme Court seeking a ban on four engineering colleges in Maharashtra. A letter sent from the AICTE to the Directorate of Technical Education (DTE) has named Padmabhushan Vasantdada Patil Pratishthans College, Sion, Anjuman-I-Islam's Saboo Siddik College, Byculla, Thadomal Shahani College, Bandra and Dr. J J Magdum College, Kolhapur.
The future of those students who have taken admissions to the above-mentioned engineering colleges will now depend on the decision of the Supreme Court.
First round allotment result of JEE channel is given below.
You must download your offer letter from the Application portal. The offer expires at 4 PM of 12 July 2016, Tuesday.
Candidates who have been offered through IIT-JEE Channel may note that unless you pay fee to the respective IISER your candidature would be cancelled on the offer expiry date and you will not be considered for FLOAT option. No request later would be entertained.
There may be a second round of allotment for JEE channel candidates depending on the vacancies at various IISERs after the registration period of the first round.
