New Delhi: Lieutenant-governor on Wednesday approved the Delhi government’s higher education and skill development loan guarantee scheme under which students will be provided loans by banks with the government as a guarantor. Students will get education loans of up to Rs 10 lakh from banks while the government will be their guarantor.

While approving the scheme, the L-G has asked the Delhi government to incorporate all safeguards as mentioned by deputy chief minister Manish Sisodia in a time-bound manner.

“The lieutenant-governor has approved the Higher Education and Skill Development Loan Guarantee Scheme of the Delhi government. The L-G has asked the government to incorporate all safeguards in the scheme in a time-bound manner,” a source said.

Last month, Mr Sisodia had accused the L-G of “blocking” the education loan scheme when the latter had asked the Delhi government to consult the Centre on it.