PM Vidyalaxmi Scheme: There are many such students in the country even today. Those who have to stop their studies midway due to lack of sufficient money. But now these students will not have to stop their studies midway. Because to help such poor students, the Government of India has started a new scheme.
The name of this scheme is Pradhan Mantri Vidya Lakshmi Yojana. Under this scheme, the Government of India gives education loans to students. Which students are given education loan under Pradhan Mantri Vidya Lakshmi Yojana? What is the loan amount and how much interest subsidy is available? Let us tell you the complete details of the scheme.
I get this much loan
Under the Prime Minister Vidya Lakshmi Yojana of the Government of India, the government gives education loan up to Rs 10 lakh. Under the scheme, the Government of India gives loan amount to the students of those families. Whose annual family income is Rs 8 lakh or less. Under the Pradhan Mantri Vidya Lakshmi Yojana, benefits are given to those students. Those who want to take higher education. The objective of the government under this scheme is to remove the financial problems faced by the poor students of the country while pursuing higher education.
These students will benefit
Under the Pradhan Mantri Vidya Lakshmi Yojana, the Central Government provides financial assistance to students coming from economically weak families in providing higher education. Those students are given benefits by the government. Whose family’s total annual income is Rs 8 lakh or less. Under this scheme, the government will give priority to those students who study technical or professional syllabus in a government institute.
You will get this much subsidy
Under the Pradhan Mantri Vidya Lakshmi Yojana, the government gives education loan up to Rs 10 lakh. Interest subsidy on loans is also given by the government. The government gives 3% interest subsidy for education loans up to Rs 10 lakh. So those families whose annual income is up to Rs 4.5 lakh. They will be given complete waiver of interest.
Also read: Which women get two thousand rupees under Griha Lakshmi Yojana? Know its rules
You can apply like this
To apply for Pradhan Mantri Vidya Lakshmi Yojana, students must first go to Vidya Lakshmi online portal https://www.vidyalakshmi.co.in/Students/. After this they will have to fill the Common Education Loan Application Form. And after this you will have to apply for the loan as per your need. After this, students applying for loan will get benefits.