Budget 2025: Major proposals to revolutionize education and MSME in India – CNBC TV18

Strengthening MSME sector for global competitiveness

Vinu Warrier, managing partner and founder of EduVelocity, said, “The new development in the last budget was providing financial assistance for loans up to ₹10 lakh for higher education in domestic institutions. However, FAFSA is still required for federal students. Free Application for Aid (AID) type of financial infrastructure in which, through a mix of banks and insurance companies, grants, work-study programs, etc., students and families can deal with losses “Between what they can afford for higher education and the real cost of attending a world-class university.”