Cabinet approves PM Vidyalaxmi scheme for students to avail easy loans for higher education
New Delhi [India], November 6 (ANI): Union Cabinet has approved a new scheme PM Vidyalaxmi, targeting middle-class students who wish to get admission into higher educational institutions but face financial constraints. Any student who secures admission to higher education Institutions and wishes to avail of education loans to pursue higher education in these institutions will be eligible to get the loan through the PM Vidyalaxmi scheme “Such loans will be collateral-free and guarantor-free” Union Information Minister Ashwini Vaishnaw informed reporters after the Cabinet meeting. A maximum of one lakh students each year will be covered under the scheme. A student