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Student loans
It is widely known that banks are currently very open to providing
students with loans. Loans for study in India of up to Rs 7.5 lacs
are available from all commercial banks. The Govt. of India has also
announced that such a facility will be available without any
collateral security for a loan up to Rs 4.0 lacs. This now means
that the financial status of the family and its capacity to meet the
expenses of a professional education for a student will not be a
hindrance to those with merit and career ambitions. Students of all
family backgrounds will have an equal opportunity to compete for
admission and to secure a place in the FHRAI Institute.
The Executive Committee of FHRAI has also
approved a provision whereby a scholarship can be granted for the
emergency needs of a student in the case of an accident in the
family affecting its income. This will allow the student to continue
with his or her studies in the case of sudden financial difficulty.
Such cases will be decided individually, on their merits. At the
same time we have also introduced insurance scheme for all students
to meet such contingencies.
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