<h1>Government Approves Revised Education Loan Scheme with Rs. 6,600 Crore Budget; Aims to Support 10 Lakh Students by 2020.</h1> The Cabinet Committee on Economic Affairs, led by the Prime Minister, approved the continuation and modification of the Credit Guarantee Fund for Education Loans and the Central Sector Interest Subsidy Scheme with a budget of Rs. 6,600 crore for 2017-2020. The revised scheme aims to provide education loans to 10 lakh students, increasing the loan ceiling to Rs. 7.5 lakhs and extending the moratorium to the course duration plus one year. It focuses on loans for professional/technical courses from accredited institutions. The scheme expects a 20% increase in loans disbursed annually, aligning with government policy to make quality education affordable.