PM Vidyalaxmi: Students with family income of upto Rs 8 lakh to get education loans upto Rs 10 lakh

The Union Cabinet has approved the PM Vidyalaxmi scheme to ensure no meritorious student is denied higher education due to financial constraints. Education Minister Dharmendra Pradhan announced the details of PM Vijayalakshmi's scheme on his Twitter handle for students who wish to get admission to higher educational institutions but face financial constraints. Any student who secures admission to higher education institutions, and falls within the eligibility conditions can avail of education loans to pursue higher education institutions through the PM Vidyalaxmi Scheme. The scheme will cover more than 22 lakh students every year. The main objective of this scheme is to empower millions of students from the poor and middle class.

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