It is a very welcome development but I still feel they signed the right bill at the wrong time. Instead the issue of massive unemployment should be tackled first before initiating this. What’s the essence of finishing the school with the loan taken without a means of paying back after school? Does that makes sense?
What is the point of going to school if you are not going to get a job or create one for yourself after school? This is an initiative that gives the poor some chance of attending school and becoming a better person in the future. Poverty causes unemployment, but education kills poverty, thus the greatest approach to alleviate poverty is to provide education to the people at a low cost.
This is a no-interest loan that can only be repaid if you are employed or self-employed.This is a positive development.