The Government of India has released the college list for the Prime Minister Vidyalakshmi Scheme. Officials have selected the top 100 NIRF (National Institutional Ranking Framework) ranking colleges out of 860 institutions across India to extend the scheme’s benefits.Just understudies signed up for the main 100 NIRF positioning schools will be qualified to profit from this Scheme. According to reports, 2.2 million students will be chosen from these 100 colleges to receive educational loans under the scheme. Students are directed to visit the official website to check and download the college list online.
Helpful Summary
| 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 |
What is the Prime Minister Vidyalakshmi Scheme?
The Union Cabinet of India approved the Prime Minister Vidyalakshmi Scheme on November 6, 2024, to provide financial assistance. This scheme aims to offer educational support to financially disadvantaged students. Under this scheme, selected students can receive an educational loan of up to 1 million rupees. Authorities have allocated a large budget of 36 billion rupees for its successful implementation. The loans under this scheme will be provided without any collateral or guarantor requirements.
What is NIRF?
NIRF stands for the National Institutional Ranking Framework, which is used to rank educational institutions in India. Every year, the Ministry of Education in India releases the NIRF ranking. Factors like teaching, research, and professional performance are used by NIRF officials to prepare the top 100 college list. This ranking helps students across India make informed educational choices. Students can check the ranking of their preferred college on the official website nirfindia.org.
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Purpose of the Prime Minister Vidyalakshmi Scheme College List
Through this scheme, the government aims to ensure that only students studying in the best colleges receive financial support. By providing educational loans, students can continue their higher education without financial challenges.
Criteria for College Selection under the Prime Minister Vidyalakshmi Scheme
- Students must meet the eligibility criteria.
- Only Indian residents will be selected.
- Only students whose annual family income is below 800,000 rupees are eligible.
- Students must be studying in the top 100 NIRF ranking colleges.
- Students must demonstrate academic merit to qualify for the scheme.
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Benefits of the Prime Minister Vidyalakshmi Scheme
- Selected students will receive an educational loan of up to 800,000 rupees.
- The government aims to provide financial assistance to around 2.2 million students under this scheme.
- Educational loans under the scheme will be granted without any collateral or guarantor.
- Academically meritorious students in top colleges will benefit from this scheme.
- Certain students meeting specific criteria may receive interest subsidies on the loan repayment.
Eligibility Criteria for Students
- Students must be permanent residents of India.
- Students should belong to financially weaker families and demonstrate academic merit.
- The annual family income of students must not exceed 450,000 rupees.
- Students should be enrolled in technical courses in the top 100 NIRF ranking colleges.
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How to Check the Prime Minister Vidyalakshmi Scheme College List
- Students wishing to check the Prime Minister Vidyalakshmi Scheme College List should visit the NIRF website.
- On the homepage of the official website, students can view categories such as engineering, medical, dental, etc.
- Students can click on any category to view the Prime Minister Vidyalakshmi Scheme College List on their screen.
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Frequently Asked Questions
When was the Prime Minister Vidyalakshmi Scheme approved?
Who can benefit from the Prime Minister Vidyalakshmi Scheme?
What is the total budget for the Prime Minister Vidyalakshmi Scheme?
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