PM-Vidyalaxmi scheme approved to provide collateral-free student loans

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Additionally, the initiative aligns with India’s broader mission of enhancing educational and financial inclusion, by benefiting 700,000 new students annually.

Together, these programmes aim to make quality higher education more accessible to economically disadvantaged students.

This will help banks expand education loan coverage for eligible students, ensuring broader access.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Higher Education Institution (QHEIs) What is PM Vidyalaxmi Collateral free PM-Vidyalaxmi PM Vidyalaxmi scheme Economically disadvantaged students Collateral free loan Student loan Guarantor free loan Merit based student loan Education loan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 16:56:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23446458

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