"Misgivings are being spread vis-a-vis post-matriculation scholarship. It will continue till 2016-17. Those (students) who have been availing scholarships will continue to avail it (scholarship) till completion of their education," Kumar said.
He said this while intervening in the government's reply during the debate on state's budget 2017-18 and Appropriation Bill in the Legislative Council. The CM, however, said that government will carry out study and review about the 'student credit card scheme' after the completion of 2017-18 in order to find out whether or not the scheme has benefitted students belonging to SC, ST, EBC and BC.
It will be completely "optional" for students to avail of either 'Student Credit Card' facility or 'post matriculation scholarship', he said adding that students cannot avail the benefit of both the schemes.
"We thought that we will not have to give scholarship to anyone as we have launched a universal credit card scheme for students," the CM said. Stating that 'Student Credit Card' is completely different from 'education loan' given by banks, Kumar said that state government has come out with the scheme in consultation with banks.
"In education loan, the union ministry of HRD gives guarantee to banks on the loan while the state government gives guarantee to banks for not only the 'credit' but also gives guarantee on 'interest'," he said.
Click here for more Education News
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
For the latest News & Live Updates on Election Results from each assembly constituency in Madhya Pradesh, Rajasthan, Mizoram, Chhattisgarh, Telangana, like us on Facebook or follow us on Twitter for updates.