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Rs 82.6M in Student Loan Program approved by the SBP and banks

Rs 82.6M in Student Loan Program approved by the SBP and banks

The committee consisted of representatives from SBP, the Finance Department (Government of Pakistan), and five large banks (NBP, HBL, UBL, ABL, and MCB Bank). The amount approved by the Apex Commission will be paid to 518 worthy students from public sector universities across the country, earning various bachelor’s, master’s, and doctoral degrees in courses from 2017 to 2018, 2018 to 2019, and 2019 to 2020.

The student loan program aims to provide financial support to deserving under-resourced students. granted for a period not exceeding 10 years from the date of the first payment and is repaid in monthly installments within six months from the first business day or one year from the date of completion of the training program, whichever occurs first.

Scheme administrator, performing all functions, such as receiving and monitoring loan applications, issuing and repaying loans. Commissions, including loan authorization; resolve all policy issues related to the Scheme; approve/distribute funding for each academic year; Facilitate fundraising and review plan audit reports.

Rs 82.6M in Student Loan Program approved by the SBP and banks

OVERVIEW:

The student loan program aims to provide financial support to deserving under-resourced students. granted for a period not exceeding 10 years from the date of the first payment and is repaid in monthly installments within six months from the first business day or one year from the date of completion of the training program, whichever occurs first.

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