PM Vidhyalaxmi Yojana: Modi Carinet has started a scheme to give loans up to Rs 10 lakh without guarantor as a gift to poor students. Under this scheme, education loan of up to Rs 10 lakh will be available at three percent interest rate for the higher education of children from families with income less than Rs 8 lakh.
This loan will be provided to one lakh students every year, so that they will be able to pursue higher education despite financial crisis. A provision of Rs 36,00 crore has been kept under this scheme, this scheme will be implemented in the financial year 2024-25.
Finance Minister announced in the budget:
PM Vidyalakshmi Yojana aims to provide loans up to Rs 10 lakh for higher education in domestic institutions. The scheme was announced by Finance Minister Nirmala Sitharaman in the Union Budget.
The process of filling the application form under this scheme can be done online through the bank or through the official website of AYU from PM Vidyalakshmi portal.
The objective of this program under the National Education Policy is to ensure that students taking admission in skilled higher education institutions pursue higher education by meeting tuition fees and course related expenses.
All higher education institutions included:
Union Minister Ashwini Vaishnav said that under this scheme all the educational institutions of the country are included in which students can take admission and study for higher education.
Now the students of the country will not have to leave their studies due to financial crisis to pursue higher education. Under this PM Vidyalakshmi Yojana started by the government, they can easily pursue their studies or further studies by taking a loan of up to Rs 10 lakh. Under this scheme, loans will be given to 1 lakh students every year.
