The PM Vidyalaxmi Scheme College List has been made public by the Indian public government. Out of the 860 institutes in India, the top 100 NIRF- ranking sodalities have been named by the government to offer the program’s benefits. The benefits of the scheme are only available to scholars enrolled in the top 100 sodalities according to the NIRF. From these 100 sodalities, a aggregate of 22 lakh scholars would be chosen to get educational loans under the program, according to the source. scholars are asked to visit the sanctioned website and get the council list online in order to view the scheme council list.
What is the PM Vidyalaxmi Scheme?
On November 6, 2024, the Indian Union Cabinet authorized the PM Vidyalaxmi Scheme, which will give financial aid to India’s economically disadvantaged pupils. This program was started with the goal of lowering the cost of education and guaranteeing that no student would drop out of school due to financial difficulties. An educational loan of up to INR 10 lakh would be given to each student who is chosen under the program. A substantial budget of INR 3,600 crore has also been allotted by the authorities to ensure the smooth implementation of the PM Vidyalaxmi Scheme. The program’s loans will not require collateral or guarantors.
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What is NIRF?
The National Institutional Ranking Framework, or NIRF for short, is an association that rates Indian educational institutions. The nodal department that releases the NIRF rankings each time is the Indian Ministry of Education. The NIRF authorities examine tutoring, literacy, exploration, and professionalism when determining which sodalities reach the top 100 list. scholars all throughout India can choose their council grounded on these rankings. The council list was made intimately available for all scholars to view on the nirfindia.org website.
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PM Vidyalaxmi Scheme College List
Key Highlights | Details |
Name of the Scheme | PM Vidyalaxmi Scheme College List |
Launched By | Government of India |
Launch Date | 6th November 2024 |
Announced By | Prime Minister of India |
Purpose | Provide educational loan |
Beneficiaries | Citizens of India |
Target Beneficiaries | Students pursuing higher education |
Advantage | Provide loans for further studies |
Eligibility Criteria | Students studying in Quality Higher Education Institutions (QHEIs) |
Required Documents | Aadhaar Card, Bank account, Post office account details |
Application Process | Online |
Official Website | https://www.vidyalakshmi.co.in/Students/ |
Financial Commitment | INR 3600 crores |
Expected Benefits | High educational loan |
Contact Number | 020-2567 8300 |
PM Vidyalaxmi Scheme College List
The primary thing of the PM Vidyalaxmi Scheme College List is to insure that fiscal aid is only given to scholars who are enrolled in prestigious universities to complete their degrees. Only meritorious scholars who earn degrees from the top 100 universities will be eligible for educational loans and be suitable to continue their studies thanks to this program. scholars can pursue farther education without fussing about plutocrat issues by applying for an education loan of over to INR 10 lakh. The council list is accessible on the sanctioned website in orders, making it simple for scholars to view the list grounded on their courses.
Selection Criteria of Colleges Under PM Vidyalaxmi
- The pupils who meet the eligibility requirements will be chosen.
- The program will only choose students who are permanent residents of India.
- The program will only choose students whose yearly income is less than INR 8 lakh.
- The student must be enrolled in one of India’s top 100 NIRF-ranked universities.
- For the PM Vidyalaxmi Scheme to select students, they must be meritorious.
Benefits of PM Vidyalaxmi Scheme
Fiscal aid in the form of educational loans up to INR 8 lakh will be given to the scholars who are chosen under the program.
The government will profit a large number of scholars because the program offers educational loans to over 22 lakh scholars.
Under the PM Vidyalaxmi Scheme, there will be no collateral or guarantee needed for educational loans.
By giving fiscal aid to those scholars, the authorities will make sure that only meritorious scholars are suitable to attend the top 100 universities.
scholars who meet specific conditions will also be eligible for interest- bearing subventions while repaying their academy loans.
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Eligibility Criteria for Students
- The student needs to live in India permanently.
- The students must be deserving and come from a home with uncertain finances.
- The student’s family’s yearly income cannot be more than INR 8 lakh.
- The students must be enrolled in technical programs at universities ranked in the top 100 by the NIRF.
How to Check the PM Vidyalaxmi Scheme College List?
The first step is for all students to click on this link to go to the NIRF website and view the PM Vidyalaxmi Scheme College List.
Step 2: Students will find a number of college categories, such as engineering, medicine, dentistry, etc., on the official website’s homepage.
Step 3: The PM Vidyalaxmi Scheme College list will show up on your PC or mobile device when students click on any of the criteria.