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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 16:56:00 (2 weeks 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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