New student loan program; Sahebganj Airport

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Mukhyamantri Sarathi Scheme has been proposed to help degree holders prepare for competitive examinations

Jharkhand’s budget includes new education loan scheme

RANCCHI: Announcing a series of schemes aimed at benefiting disadvantaged sections, the Jharkhand government on Thursday proposed in its budget the Guruji credit card scheme to provide student loans for higher education at nominal interest.

The JMM-led government of Jharkhand has unveiled a budget of Rs 1.01-lakh crore for the financial year 2022-23, with higher spending in sectors like health and infrastructure. “For a student loan, banks ask for collateral. But, poor students are usually unable to provide it. In such cases, they miss the opportunity to study in higher education. Under the Guruji credit card, the state government will be the guarantor for such a loan,” Finance Department Principal Secretary Ajoy Kumar Singh said during a post-budget briefing here.

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Mukhyamantri Sarathi Scheme has also been offered to help degree holders prepare for competitive examinations. The budget also earmarked for the Marang Gomke Jaipal Singh Munda Transnational Scholarship Program will now be extended to students from Scheduled, Backward and Minority Caste communities. Finance Minister Rameshwar Oraon said recognizing that funds are insufficient for the whole family to reside in small houses built under Pradhan Mantri Awas Yojna (Rural), the state government plans to provide Rs 50,000 per house for the construction of an additional room from the state fund. Under the Pradhan Mantri Awas Yojana (Rural), construction works of 10.44 lakh houses have been completed so far and the remaining 5.22 lakh are expected to be completed in the next fiscal year, he said.

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The government also announced 100 units of free electricity for the poor and farmers to reduce the burden on their electricity bill. Also, in an effort to encourage start-ups in the state, the finance minister proposed a seed venture capital fund in the budget. For 2022-23, a sum of Rs 50 crore has been proposed. Furthermore, the government of Jharkhand has announced plans to establish an airport at Sahebganj to expand the air transport facilities in the Santhal region of the state. In addition, the government has also offered air ambulance services at minimum cost through wet hire.

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The Minister of Finance said that to provide health facilities to families from Especially Vulnerable Tribal Groups (PVTG) in rural areas, a bicycle ambulance service will also be launched. The creation of a Medico City in Ranchi is also proposed in the budget. The government has said children in Anganwadi centers will now be provided with woolen uniforms. The state finance minister said that about 15 lakh children will benefit from this scheme.


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