New Delhi: Union Cabinet has approved a new scheme PM Vidyalaxmi, targeting middle-class students who wish to get admission into higher educational

Ashwini Vaishnaw says Union Cabinet has approved a new scheme PM Vidyalaxmi that provides financial support to meritorious students facing financial constraints

The Union Cabinet has approved the PM-Vidyalaxmi scheme, offering financial support to meritThe PM-Vidyalaxmi scheme, recently approved by the Union Cabinet, provides collateral-free loans to help meritorious students pursue higher education without financial barriers.

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The Education Minister has announced details of the PM Vidyalaxmi scheme on his X handle. Under this scheme, students with an annual family income of up to Rs. 8 lakh will be eligible for a 3% interest subsidy on education loans of up to Rs. 10 lakh.