This scheme, part of the National Education Policy (NEP) 2020, offers collateral - and guarantor-free loans up to Rs 10 lakh for students admitted to top-ranking Higher Education Institutions (QHEIs) across India.
The scheme will ensure that underprivileged students have access to quality education to realize their potential and achieve their aspirations.
Education loans are restricted to only 1,056 institutions, education loans routed only via Vidya Laxmi portal, said the Congress spokesperson Randeep Surjewala.
Like any long-term investment, quality education is an expensive proposition and must be taken only after considering all other alternatives.
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