In a significant move to empower students, the Union Cabinet has approved the PM-Vidyalaxmi scheme, offering collateral-free, guarantor-free loans to those admitted to top-tier higher education institutions, both government and private.
This initiative will provide students with the financial support they need to pursue their educational goals without the burden of securing loans with collateral or a guarantor. By making education more accessible, the scheme aims to alleviate financial barriers and enable deserving students to study in prestigious institutions.
With this landmark decision, the government is reinforcing its commitment to making quality higher education more affordable and inclusive, ensuring that financial constraints do not stand in the way of academic excellence.
