Government launched the scheme Shiksha ka Haq under which every child was entitled to quality education. Now it is subsidy on educational loans. It is really a great move by the government, with the increase in cost of living it is really difficult for the family with limited means to educate their child. Now with the launch of this subsidy a lot of avenues are open for students willing to study technical and professional courses.

Raghuram Rajan, Manmohan Singh's economic adviser, says the formal education system is failing due to irresponsible behavior of government. Rajan said India needs to improve in the field of education. Raghuram told the teachers need to be motivated so that the level of education is improved in schools and universities.