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Interim budget 2014: Chidambaram announces interest subsidy on education loans

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Finance Minister P. Chidambaram in the interim budget today announced a moratorium scheme on interest payment on education loans, a move that would benefit 9 lakh students.

Mr Chidambaram allocated Rs 2600 crore for education loan moratorium. The finance minister said the details of the scheme would be announced soon.
 

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