Government Schemes

Choose the Correct Answer

Correct Answer : Option a

Explanation
Context: In November 2024, The Union Cabinet approved the PM Vidyalaxmi scheme.
Statement 1 is correct: Under the PM Vidyalaxmi scheme, student who gets admission in quality Higher Education Institution (QHEIs) will be eligible to get collateral free, guarantor free loan from banks and financial institutions to cover full amount of tuition fees and other expenses related to the course. The scheme will be administered through a simple, transparent and student-friendly system that will be inter-operable and entirely digital

Statement 2 is not correct: The scheme is not limited to government institutions. It applies to both government and private Higher Education Institutions (HEIs) that are ranked within the top 100 in the overall NIRF rankings.