The Indian government launched the PM-Vidyalaxmi scheme to make higher education more accessible. The scheme provides collateral-free education loans up to ₹7.5 lakh to students admitted to top-ranked institutions. It also offers interest subventions for students from lower-income families, aiming to benefit over 22 lakh students annually.
PM-Vidyalaxmi scheme gets cabinet approval, to provide collateral, guarantor free education loans up to ₹7.5 lakh

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