budget with relevance to students and education does throw up a huge
opportunity for professional and vocational studies students alike. It
will be right to remark that this is for the first time a budget has
clearly outlined education loan aid for vocational studies giving it
an even keel with professional studies and also a clear pointer to
financial institutions that vocational streams are going to be an
indicator of India's growth in the digital evolution market as also
lifestyle and health.
Though we had expected the honorable minister to recognize independent
filmmakers as entities, which are bankable for loans, it has
unfortunately been missed out thereby keeping the content story out. .
However a move to cater to tax
exemption for interest on higher education loans will be an ice-
breaker for parents as well as banks. This has really given higher
education a big break and we are sure the next budget will include
independent film makers to be a considered entity.
The other great opportunity for higher education as a whole is to
have access to funding which inturn helps the education sector with
better cash flows.
Entertainment industry had much more expectation from the budget and
one major entity missed out was internet penetration and access for
rural india to this medium at cheaper costs. While sops to electronic
n hardware sector to provide wares at pay to use basis would have been
a great boon to the industry. Am sure if the ministry can enable this
be done through micro financed route the dynamics of projections
given by pundits will go into oblivion and will be a sought after
property by the honorable minister for the next budget.
Rathish Babu
CEO
Access Atlantech Edutainment I Ltd
SAE College
Sent on my BlackBerry® from Vodafone Essar
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