What is PM Vidyalaxmi? PM Modi-led Cabinet approves new scheme for collateral-free loans up to Rs 10 lakh for higher education - check details

Quick Summary:

PM Vidyalaxmi: The Cabinet has given its nod to the PM Vidyalaxmi scheme, allocating Rs 3,600 crore to aid 7 lakh students seeking higher education loans.

Students can apply for loans and interest benefits through the unified "PM-Vidyalaxmi" portal, utilizing a simplified application process across all banks.

The scheme will include a 3% interest subsidy and e-vouchers for one lakh students each year.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChinaPakistan

Topics: Business news NIRF rankings PM Vidyalaxmi scheme Higher education loans What is pm vidyalaxmi Pm vidyalaxmi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 18:11:52 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23445632

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