PM Vidyalaxmi Scheme

PM Vidyalaxmi Scheme to provide collateral-free loans for economically weaker students

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.

# India

Cabinet approves PM Vidyalaxmi scheme for students to get collateral free, guarantor free loan for higher education

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved PM Vidyalaxmi, a new Central Sector scheme that seeks to provide financial support to meritorious students so that financial constraints do not prevent anyone from pursuing higher studies.

PM Vidyalaxmi Scheme

PM Vidyalaxmi Scheme to provide collateral-free loans for economically weaker students

Cabinet approves PM Vidyalaxmi scheme for students to get collateral free, guarantor free loan for higher education

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