A total of 491 students applied for the government’s Rf10 million loan scheme for Maldivian students to pursue higher education, the Ministry of Human Resources has revealed.
Deputy Minister Aminath Ali explained to newspaper Haveeru that 50 students in the country and 44 studying abroad will be chosen for the scheme, with loans ranging from Rf10,000 to Rf50,000 for the former category and Rf150,000 to Rf250,000 for the latter.
While loans were issued from the Bank of Maldives for the previous rounds of the scheme, Ali said the ministry was currently in talks with the Bank of Ceylon and hoped to process the applications within the next two weeks.
Loans amounting to Rf26 million were issued to 1,158 students in the first round.
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