Lead Story
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved PM Vidyalaxmi, a new Central Sector scheme aimed at providing financial support to meritorious students so that financial constraints do not prevent anyone from pursuing higher studies.
PM Vidyalaxmi is a key initiative under the National Education Policy, 2020, which recommended financial assistance to meritorious students through various measures in both public and private Higher Education Institutions (HEIs). Under the scheme, any student who gets admission to a quality HEI will be eligible for a collateral-free, guarantor-free loan from banks and financial institutions to cover the full amount of tuition fees and other course-related expenses.
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VIT Vellore: A melting pot of global diversity and excellence
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