568 IU students getting soft loans for smartphones

As many as 568 students of Islamic University are getting soft loans from the University Grants Commission to buy smartphones for attending classes online during the pandemic.
A total of 2, 047 indigent students applied for the loan but the university approved loans for 568 of them, IU soft loan approval committee convener and science faculty dean Professor Mizanur Rahman said on Sunday.
The money will be sent to the account of the students.
The students will have to refund the money in maximum of four installments before their graduation, he said.
They were asked to contact to the finance and account branch through the chairman of respective departments if they have not received the money.
On 4 November last, the UGC in a meeting decided to provide soft loans to some 41,501 students of 39 public universities to buy smartphones to participate in their online academic activities. Each student will get maximum Tk 8,000 as loan without any interest, rePORTS UNB.