November 6, 2024 4:00 PM

Cabinet approves PM Vidyalaxmi scheme for affordable education loans

The Union Cabinet has approved the PM Vidyalaxmi scheme, aimed at easing financial barriers for middle-class students pursuing higher education. This initiative enables students admitted to higher education institutions to secure loans without collateral or guarantors, Union Information Minister Ashwini Vaishnaw announced after the Cabinet meeting. Under the PM Vidyalaxmi scheme, up to 100,000 students annually can avail of education loans for their studies. Students from families with an annua...