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He said the modalities for implementation and monitoring mechanism would be finalised in consultation with Canara Bank, which has taken a lead role. A Memorandum of Understanding would be signed with the bank.
The monitoring mechanism would see how the benefits of the scheme were reaching the students belonging to the scheduled castes, tribes and OBC communities.
Observing that one of the responsibilities of the government was to ensure that no one was denied professional education due to their economic conditions, Prime Minister Manmohan Singh had in his Independence Day address this year announced that a new scheme would be started in this regard.
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