The Central Government has launched PM Vidya Lakshmi Yojana for the students. The objective of this scheme is to help the meritorious students to pursue higher education without any financial constraints. Meritorious students can pursue their education by taking admission in the top 860 quality higher educational institutions of the country. Will be able to complete. The full amount of the student’s tuition fees and other course-related expenses will be covered.
The Central Government has started PM Vidyalakshmi Yojana for the students who wish to study in well-known higher educational institutions of the country. Under this, students will be able to get mortgage-free and collateral-free education loans through banks. The objective of this scheme is to help meritorious students to pursue higher education without any financial constraints.
Due to this, meritorious students will be able to complete their education by taking admission in the top 860 quality higher educational institutions of the country. Under this scheme, financial assistance will be provided to meritorious students in both public and private higher education institutions. The full amount of tuition fees and other course related expenses of the student taking admission in the institute will be covered. Let us tell you that this scheme will be interoperable and completely digital.
Students will get special benefits
- In this scheme, the government will provide 75 percent credit guarantee on the total loan amount up to Rs 7.5 lakh. This will help banks to provide education loans to students under this scheme. Additionally, students whose annual family income is up to Rs 8 lakh and are not eligible for benefits under any other government scholarship or interest subvention schemes will also be provided interest subvention of 3 per cent during the moratorium period on loans up to Rs 10 lakh. Will be done.
- Will be able to apply through the portal. An integrated portal “PM-Vidyalakshmi” will be available under the Higher Education Department, on which students can apply for education loan as well as interest subvention through the simplified application process used by all banks. will be able to do. The interest rebate will be paid through e-voucher and Central Bank Digital Currency (CBDC) wallet.
