PM Vidyalakshmi Yojana 2024: Know Online Application, Eligibility and Benefits

PM Vidyalakshmi Yojana 2024: Know Online Application, Eligibility and Benefits The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the PM Vidyalakshmi Yojana. The scheme aims to provide financial assistance to talented students so that no one misses out on higher education due to financial constraints. This scheme only provides the PM Vidyalaxmi Scheme 2024

Objective of PM Vidyalaxmi Scheme PM Vidyalaxmi Scheme 2024

The main objective of PM Vidyalakshmi Yojana is to provide financial assistance to talented students. To encourage them to pursue higher education with merit. The scheme aims to cover about 22 lakh students every year. Through this scheme Rs. 7.5 lakh loan with 75% credit guarantee provided by Govt.

Summary of PM Vidyalakshmi Yojana

• Scheme Name: PM Vidyalakshmi Scheme
• Launched by: Government of India
• Beneficiaries: Students who wish to pursue higher education
• Benefits: For students Rs. Educational loan up to 10 lakhs
• Application Mode: Online
• Annual beneficiaries: 22 lakhs
• Official Website: Launching Soon

Who can benefit from PM Vishwakarma Yojana scheme?

• Budget of the scheme
• Around Rs. A budget of 3600 crores has been allocated.

PM Vishwakarma Scheme Eligibility

• Candidate should be permanent resident of India.
• Students admitted to eligible higher education institutions can avail loans under this scheme.
• Candidate must have passed 12th standard to apply for this scheme.
• Apply PM Vidyalakshmi Yojana 2024 10 Lakh Loan Online Eligibility Benefits for Unemployed with 35% Subsidy

PM Vishwakarma Yojana Benefits PM Vishwakarma Yojana Benefits

• Financial assistance to those seeking higher education after completing 12th standard.
• Loans up to 10 lakhs can be availed.
• Annual family income Rs. 8 lakh will get 3% interest subsidy.
• This scheme helps students to further their education without financial constraints.
• beneficiaries every year
• About 22 lakh students benefit every year through this scheme.

PM Vishwakarma Yojana Eligible Educational Institutions

• As per NIRF ranking, all institutions under Central Government and State Government institutions (ranking 101-200) will be part of this scheme.
• PM Vidyalakshmi Yojana 2024 Apply Online Eligibility Benefits for Financial Assistance to Farmers: PM-Pranam Yojana

PM Vishwakarma Yojana Loan Size and Interest Subsidy

• Family income Rs. People below 8 lakh will get 3% interest subsidy.
• Rs. 4.5 lakh income fully subsidized interest.
• Rs. Government offers 75% credit guarantee for loans up to 7.5 lakhs.

Key Features of PM Vishwakarma Yojana

• The scheme is conducted in a student friendly, fully digital format.
• Rs. 3600 crore budget will benefit 7 lakh new students.
• Students can apply for education loan on “PM-Vidyalakshmi” portal.
• Students admitted to 860 higher level higher education institutions will get loans under this scheme.

PM Vishwakarma Yojana Required Documents

• Aadhaar Card
• Email Id
• Mobile number
• 11th and 12th Class Mark Sheet
• Admission document
• Verification of residence
• Bank account details
• Passport size photographs

PM Vishwakarma Yojana Application Process

• First candidate should visit the official website.
• Click on “Apply Now” button.
• Enter details like full name, address, email, mobile number etc.
• Upload the required documents and click on “Submit”.