Pm vidyalaxmi: The scheme “Pradhan Mantri Vidyalaxmi

The scheme “Pradhan Mantri Vidyalaxmi ( PM - Vidyalaxmi )” by the Department of Higher Education, Ministry of Education, Government of India, aims to provide financial support to meritorious students so that financial constraints do not prevent any youth of India from pursuing quality higher education. PM-Vidyalaxmi will supplement the PM -USP Central Sector Interest Subsidy (CSIS) run by DHE. 5.1. Under the PM -USP CSIS, students with annual family income up to ₹ 4.5 lakhs and pursuing technical/ professional degree courses from approved institutions get full interest subvention during moratorium period for education loans up to ₹ 10 lakhs ... The PM Vidyalaxmi Scheme is a groundbreaking initiative by the Indian government designed to make higher education affordable for students across the nation and aims to ensure that financial challenges do not obstruct any student’s path to higher education. Announced in the Union Budget 2024-25, this centrally sponsored scheme provides financial support for educational loans up to ₹10 lakh for pursuing higher education in India. Approved by the Union Cabinet on November 6, 2024, the ... The PM Vidyalaxmi Scheme, launched by the government, aims to provide financial support to deserving students seeking higher education in India. It offers collateral-free, guarantor-free loans to students admitted to top-ranked Higher Education Institutions (HEIs) as per the National Institutional Ranking Framework (NIRF). The loans cover full tuition fees and other course-related expenses. Students from families with an annual income of up to Rs. 8 lakh can avail of a 3% interest subsidy ...