It is not a secret that India is highly confident when it comes to IT. This inherent strength can be used to its own advantage to improve the quality of education in the country.

In this regard Mr. Maneesh Garg who is also the Joint Secretary to the Department of School Education and Literacy, said that ICT can provide interactive methods of delivering education and deliver better understanding.

He added that one of the objectives of Digital India programme is to impart skills to students for making them employable.

In an effort to promote girl child education Union Woman and Child Development (WCD) minister Maneka Gandhi has sought for educational loans at concessional rates.

The WCD ministry, together with the HRD and health ministries, runs the NDA’s flagship ‘Beti Bachao, Beti Padhao’ scheme which aims at ending female foeticide and promoting the education of girls.

Citing that girls are often denied the privilege of higher education or specialised courses only because parents do not wish to take a loan for their daughter’s education, Maneka had written to HRD minister Smriti Irani.

She added that while other incentives are being looked at, the option of providing education loan at concessional rates should also be explored.

RBI governor Raghuram Rajan has come up with his master plan to bridge the caste gap in the country by stating that enabling Dalits to start businesses will be a more effective step in bringing about social equality than any other affirmative action.

This opinion of Rajan is backed by the logic that money empowers than many other forms of affirmative action.

Rajan further added that rather than prohibiting the use of money and wealth, let us think about increasing society’s tolerance for its use, he said, addressing the convocation ceremony of Shiv Nadar University in Greater Noida.

Rajan also cautioned against the growing inequalities in the country. He emphasised on the role of education and health care to restore faith in markets in these circumstances.

Taking a difference stance on tolerance in the society the RBI Governor said that money is a great equaliser and took took on the criticism of money by US political scientist Michael Sandel in his book What Money Can’t Buy: the Moral Limits of the Market.

Rajan pointed out that the income inequality is on the rise, with some having colossal incomes and others worrying about the next meal.

In his address, “Money and Education”, the RBI governor attributed the growing inequalities partly to skills and capabilities that have become much more important in well-paid jobs. As such those born in good circumstances have a much better chance at acquiring these.

As a solution, he said, we have to work to provide effective access to schooling and health care for all, a non-discriminating job market with many jobs, equal opportunities for further advancement regardless of gender, race or background. All this will increase the perceived legitimacy of wealth and society’s willingness to broaden the areas where it is spent.

Thoughtful philanthropy can further help enhance society’s acceptance of great wealth, he said.

These observations of the RBI governor are noteworthy because it comes admist the International Monetary Fund’s warning to India and China, the two fastest growing large economies, about rising inequalities.

He also said India needs to have a more “contingent student loan system” which needs to differentiate between those who can repay their loans and those who cannot. Such a system would prevent an US-like education loan crisis in India, he added.

Rajan also pointed that unscrupulous schools do not prey on uninformed students, leaving them with high debt and useless degrees.

As on January 2016, the unpaid student debt could be as high as $1.2 according to reports.