How the PM-Vidyalaxmi Scheme is Transforming Access to Higher Education

The PM-Vidyalaxmi Scheme is a government initiative that provides collateral-free, guarantor-free loans to meritorious students for higher education at India’s top 860 Quality Higher Education Institutions (QHEIs).

Introduction On November 6, 2024, the Union Cabinet, led by Prime Minister Narendra Modi, approved the PM-Vidyalaxmi Scheme for Higher Education, a revolutionary initiative designed to make higher education accessible and affordable for India’s youth. With an annual target to benefit 22 lakh students, this scheme offers collateral-free and guarantor-free loans to academically talented students … Read more