July 30, 2026 5:40 PM
PM Vidyalaxmi Scheme expands access to higher education with collateral-free loans, interest support
The Pradhan Mantri Vidyalaxmi (PM-Vidyalaxmi) Scheme has emerged as a major initiative of the Ministry of Education aimed at making quality higher education more accessible by providing collateral-free and guarantor-free education loans to meritorious students admitted to leading higher education institutions across the country. Complemented by targeted interest subvention for eligible families, the scheme seeks to ensure that financial constraints do not prevent deserving students from pursuing...