Fwd: does this have any implicastion for us?

[Sachin Rawat]

---------- Forwarded message ----------
From: Sachin Rawat <sachinr...@gmail.com>
Date: Mon, Feb 17, 2014 at 7:31 PM
Subject: does this have any implicastion for us?
To: xlri-gmp-ad...@googlegroups.com

Govt woos education loan borrowers

Chidambaram has announced a moratorium period for all education loans taken up to March 31, 2009, and outstanding as of March 31, 2013. He also said the government will take over the liability for outstanding interest as Dec 31, 2013, but the borrower would have to pay interest for the period after April 1, 2014.He said nearly 900,000 student-borrowers would benefit to the tune of around Rs.2,600 crore.

Read more at: http://indiatoday.intoday.in/story/interim-budget-2014-ten-takeaways/1/343946.html