The mortgage is curiosity free
The College Grants Fee (UGC) has determined to offer interest-free loans to indigent college students of public universities for buy of smartphones to make sure their participation in on-line academic actions amid the coronavirus pandemic.
As many as 41,501 underprivileged college students of 39 public universities can be given a most of Tk8,000 per particular person for this goal.
This cash can be allotted to the revised finances of the sector involved as advance in opposition to the annual allocation of the college for the fiscal 12 months 2020-2021.
The ultimate resolution relating to the loans was taken at a gathering chaired by UGC Chairman Dr Kazi Shahidullah on Wednesday.
On the assembly, the UGC chairman stated via this initiative, indigent college students would be capable to meet an necessary want in current occasions.
“It will play a constructive position within the on-line training actions of public universities. It can even make college students extra centered on on-line studying,” he stated.
Dr Shahidullah urged the vice chancellors involved to take needed steps to disburse the mortgage among the many needy college students.
Within the mild of the advice of the ‘Softloan Approval Committee’ constituted by the vice-chancellors of the universities involved, it was acknowledged on the assembly that not more than Tk8,000 could be allotted to college students via financial institution accounts by January 31, 2021.
College students would not must pay any curiosity and could be capable of repay this mortgage in 4 equal installments or at one go after universities are reopened or throughout their tutorial life.
The UGC despatched letters to the vice chancellors of public universities on August 9 asking for a listing of indigent college students in want of smartphones to take part in on-line training actions. The schools, in response, despatched a listing of 41,501 indigent college students to the fee.
Notably, the scholars of Nationwide College, Bangladesh Open College, Islamic Arabic College, Bangabandhu Sheikh Mujib Medical College, Chittagong Medical College, Rajshahi Medical College and Sylhet Medical College is not going to be getting this mortgage facility.