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Students to get easy loans of up to Tk 10 lakh for higher studies abroad
Students seeking higher education abroad will be eligible for easy loans up to Tk 10 lakh under a new government programme, said Finance Minister Amir Khosru Mahmud Chowdhury while placing the proposed national budget for FY2026-27 on Thursday.
Unveiling the proposed budget in Parliament, the finance minister said the initiative aims to expand opportunities for higher education abroad and help talented students overcome financial barriers.
The government plans to keep interest rates comparatively low and allow repayment after graduates enter the job market, he said.
The finance minister said the government would ensure access to the scheme without administrative harassment.
The proposed budget allocates Tk 136,606 crore for education and human resource development, a significant increase from the current allocation of Tk 87,206 crore, which accounted for 1.39 percent of GDP.
According to the finance minister, the government plans to raise spending on education to 5 percent of GDP by 2030, viewing the investment as a strategic step toward building a skilled workforce and a knowledge-based economy, reports UNB.
Amir Khosru said the government considers overseas education not as "brain drain" but as "brain circulation" that can contribute to remittance growth and the development of skilled human resources in the future.