PM Vidya Laxmi scheme

Collateral free, guarantor-free education loans Maximizing access to qualify higher education for yuva shakthi

Securing admission in top 860 HEIs of India

Annual income of family upto Rs. 8lakhs shall be eligible to get 3% interest subvention on loans upto Rs. 10lakhs

Loans upto Rs. 7.5lakhs shall be eligible for 75% credit guarantee

Digital application process common to all banks

Total outlay - 3600 crores

Benefitting more than 22 lakhs students every year

This is another concrete step towards implementation of National Education Policy, 2020