PM-Vidyalaxmi Scheme: Stress Free Higher Education on Cards for Indians, Check Benefits

PM-Vidyalaxmi Scheme: In a major push to make quality higher education accessible to all, the Cabinet has approved the PM-Vidyalaxmi scheme, aimed at providing financial assistance to deserving students across India. The scheme ensures that no student faces financial barriers in pursuing higher studies, enabling access to collateral-free and guarantor-free loans from banks and financial institutions.

Full Coverage for Tuition and Course-Related Expenses

The scheme offers students full coverage of tuition fees and other academic expenses. Any student who secures admission in a recognized Quality Higher Education Institution (QHEI) will be eligible for financial support, with no requirement for collateral or a guarantor. The loans are designed to ease the financial burden on students and their families, enabling them to focus on academic goals without monetary concerns.

Collateral-Free Loans to Support Higher Education Aspirations

Union Minister Ashwini Vaishnaw announced the scheme, emphasizing the government's commitment to fostering educational opportunities for India's youth and supporting their pursuit of excellence in higher education.

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