There is a great good news for poor students. The government has started a very special scheme to provide education loans to financially weak students. The name of this scheme is Pradhan Mantri Vidya Lakshmi Yojana. Under this scheme, the Government of India will give an education loan of Rs 10 lakh to the students of the family with an annual income of Rs 8 lakh or less.
Under this scheme, the government will give an interest subsidy of three percent on the loan received by the students. Information about this scheme has been given by Union Minister Ashwini Vaishnav. The benefit of this scheme will be given to those students who want to pursue higher education. The objective of Pradhan Mantri Vidya Lakshmi Yojana is to overcome the financial difficulties faced by the poor students of the country while pursuing higher education.
What are the eligibility conditions of PM Vidya Lakshmi Yojana?
Students whose family income is less than Rs 8 lakh per annum can avail the benefits of this scheme. Under the scheme, the Government of India will give a 75 percent guarantee 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 must be up to 200. Apart from this, it is also necessary for the college to be government.
How to apply
The process of taking advantage of PM Vidya Lakshmi Yojana is quite easy. You will not have to face any kind of problems with this. You can easily apply to the scheme by visiting the official website of the scheme https://www.vidyalakshmi.co.in/Students/.
The students who are going to apply to this scheme must have passed the 10th and 12th classes with 50 percent marks. Under the PM Vidya Lakshmi Yojana, every year about 1 lakh students of the country will be given loans for higher education.
(PC: Adobe stock)
