Correct option is C
The Correct Answer is: (c) PM Vidyalaxmi
Explanation:
- In November 2024, the Union Cabinet approved the PM Vidyalaxmi Scheme, a Central Sector Scheme aimed at supporting meritorious students pursuing higher education.
- The scheme enables students to access education loans up to ₹7.5 lakh without the need for collateral or guarantor, with a75% credit guarantee provided by the Government of India.
- This step was taken to ensure inclusive access to quality education through affordable credit support.
Information Booster:
• The scheme targets students admitted to top-ranked institutions under the NIRF (National Institutional Ranking Framework).
• Provides 3% interest subvention during the moratorium period for students from families with annual income up to ₹8 lakh.
• Covers over 22 lakh students annually pursuing undergraduate, postgraduate, and professional courses.
• The scheme aligns with the National Education Policy (NEP) 2020 goals of promoting equity and quality in education.
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