{"id":32126,"date":"2026-07-30T12:37:33","date_gmt":"2026-07-30T07:07:33","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=32126"},"modified":"2026-07-30T12:54:57","modified_gmt":"2026-07-30T07:24:57","slug":"pm-vidyalaxmi-scheme","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/pm-vidyalaxmi-scheme\/","title":{"rendered":"Pradhan Mantri Vidyalaxmi Scheme"},"content":{"rendered":"<h2><b>Pradhan Mantri Vidyalaxmi Scheme Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Pradhan Mantri<\/span> <span style=\"font-weight: 400;\">Vidyalaxmi scheme is positively contributing to the goals of Sustainable Development Goal 4 and NEP 2020 by advancing inclusive and equitable quality education.<\/span><\/p>\n<h2><b>About Pradhan Mantri Vidyalaxmi Scheme<\/b><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">It is a <\/span><b>flagship initiative of the Education Ministry<\/b><span style=\"font-weight: 400;\"> that seeks to make quality higher education accessible to deserving students facing financial constraints.\u00a0<\/span><\/li>\n<li aria-level=\"1\"><b>Eligibility Criteria for Students:<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">It is available to students who have <\/span><b>secured merit-based admission<\/b><span style=\"font-weight: 400;\"> through competitive exams in any of the designated <\/span><b>Quality Higher Education Institutions (QHEIs) in India.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">The scheme provides education <\/span><b>loans for all degree and diploma courses.<\/b><\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"1\"><b>Eligibility Criteria for Higher Education Institutions<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Top 100 ranked HEIs<\/b><span style=\"font-weight: 400;\"> in the overall\/ category-specific and\/or domain-specific rankings in the latest list of <\/span><b>National Institutional Ranking Framework<\/b><span style=\"font-weight: 400;\"> (NIRF) published by the Ministry of Education<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Top 200 ranked HEIs<\/b><span style=\"font-weight: 400;\"> under the governance of State\/Union Territories governments in the latest list of NIRF published by the Ministry of Education<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">All remaining HEIs under the governance of the Government of India.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Loan Repayment Period:<\/b><span style=\"font-weight: 400;\"> The repayment period of the education loan <\/span><b>would be up to 15 years <\/b><span style=\"font-weight: 400;\">excluding the moratorium period (course period + 1 year).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Credit Guarantee:<\/b><span style=\"font-weight: 400;\"> Loans up to <\/span><b>\u20b9 7.5 lakhs are provided 75% credit guarantee<\/b><span style=\"font-weight: 400;\"> by Government of India.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest Subvention<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">For students with up to <\/span><b>\u20b9 8 lakhs annual family income<\/b><span style=\"font-weight: 400;\">, the scheme provides for <\/span><b>3% interest subvention<\/b><span style=\"font-weight: 400;\"> on loans up to \u20b9 10 lakh.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">This is in addition to the full interest subvention already offered to students with up to \u20b9 Rs. 4.5 lakhs annual family income.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The educational loans are provided through <\/span><b>Scheduled Banks, <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/regional-rural-banks\/\" target=\"_blank\">Regional Rural Banks (RRBs)<\/a>, and Cooperative Banks<\/b><span style=\"font-weight: 400;\"> participating in the scheme.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The scheme offers affordable education loans with interest rates capped at the bank&#8217;s <\/span><b>Externally Benchmarked Lending Rate (EBLR) + 0.5%.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Under this, <\/span><b>interest subvention<\/b><span style=\"font-weight: 400;\"> and credit guarantee <\/span><b>benefits are available only once<\/b><span style=\"font-weight: 400;\"> for undergraduate, postgraduate, or integrated courses.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2290972&amp;reg=3&amp;lang=1\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":11,"featured_media":116015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[9091],"class_list":["post-32126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-upsc-prelims-current-affairs","tag-pradhan-mantri-vidyalaxmi-scheme","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/32126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=32126"}],"version-history":[{"count":3,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/32126\/revisions"}],"predecessor-version":[{"id":116042,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/32126\/revisions\/116042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/116015"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=32126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=32126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=32126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}