NSB Joins Government’s Interest-Free Student Loan Scheme 🎓

The Cabinet has approved the inclusion of the National Savings Bank (NSB) as a formal lending partner for the government’s interest-free student loan program, joining People’s Bank and Bank of Ceylon. • Target Group: Students who passed G.C.E. (A/L) exams but did not secure admission to state universities. • Scope: Provides financing for government-recognized degrees at non-governmental higher education institutions. • Scale of Stage 10: The government aims to facilitate loans for 7,000 students in the current phase. • Objective: Increasing access to higher education and human capital development by removing interest costs for students pursuing private sector qualifications. The proposal was submitted by Prime Minister Dr. Harini Amarasuriya in her capacity as Minister of Education, Higher Education, and Vocational Education. 📈