A revamped ‘model skill loan scheme’ for skill development courses was launched by the government on Thursday, with a fresh maximum loan limit of Rs 7.5 lakh — up from the previous amount of Rs 1.5 lakh. In her budget speech on Tuesday, Finance Minister Nirmala Sitharaman had announced that the model skill loan scheme will be “revised to facilitate loans up to Rs 7.5 lakh, with a guarantee from a government-promoted fund”. “This is expected to help 25,000 students every year,” Sitharaman had said. Launched in 2015, the reversion…