PM Vidyalaxmi Scheme
About PM Vidyalaxmi Scheme: The Union Cabinet, led by Prime Minister Narendra Modi, has introduced the PM Vidyalaxmi Scheme —a new Central Sector initiative aimed at supporting meritorious students financially so they can pursue higher education without economic constraints. This scheme is rooted in the National Education Policy, 2020 , which advocates for financial assistance to deserving students across both public and private Higher Education Institutions (HEIs). Objectives of the Scheme: The PM Vidyalaxmi Scheme seeks to: Ensure Financial Inclusion in Education : Enable meritorious students to pursue higher education without financial hurdles. Support Top Educational Institutions : Applicable only to top-quality HEIs as per the National Institutional Ranking Framework (NIRF). Provide Transparent and Digital Access : Use a fully digital, transparent, and student-friendly platform for loan processing and management. ...