PM Vidya Lakshmi Yojana: The Central Government of India has taken many initiatives to help the common people. There are many schemes running by the central government and state government to support the middle class and financially weaker families. Some schemes were inaugurated for educational purposes, keeping in mind students financial backgrounds. One of those educational schemes is the PM Vidya Lakshmi Yojana.
Government will provide subsidy
Under this scheme, the government will provide an interest subsidy of three percent on the loan given to the students. Union Minister Ashwini Vaishnaw has given information about this scheme. The benefit of this scheme will be available to those students who want to pursue higher education. The objective of the Pradhan Mantri Vidya Lakshmi Yojana is to remove the financial difficulties faced by the poor students of the country while pursuing higher education.
Loans up to Rs. 7.5 lakh
Those students whose family income is less than Rs 8 lakh annually can take advantage of this scheme. Under the scheme, the Government of India will guarantee 75 percent for loans up to Rs 7.5 lakh. The NIRF ranking of the college in which the student is taking admission should be 100. Apart from this, the ranking of the college at the state level is necessary to be up to 200. Apart from this, it is also necessary for the college to be government.
The process of taking advantage of PM Vidya Lakshmi Yojana is quite easy. In this, you will not have to face any kind of problems. You can easily apply to the scheme by visiting the official website https://www.vidyalakshmi.co.in/Students/ of the scheme. Those students who are going to apply in this scheme must pass 50 percent marks in 10th and 12th class. Under the PM Vidya Lakshmi Yojana, every year about 1 lakh students of the country will be given loans for higher education.