India, July 29 -- The Government of India has issued a release:
The Pradhan Mantri Vidyalaxmi Scheme is a flagship initiative of the Education Ministry that seeks to make quality higher education accessible to deserving students facing financial constraints. The scheme provides collateral-free and guarantor-free education loans to such students for studying in top ranked higher education institutions in the country. It further supports beneficiaries through interest subvention based on family income, reducing financial constraints to educational attainment. In doing so, the scheme contributes to India's progress towards SDG 4, which seeks to ensure inclusive and equitable quality education and promote lifelong learning opportunities for al...