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Why in the news? On November 6, 2024, the Union Cabinet approved PM Vidyalaxmi, a scheme offering collateral-free loans with interest subvention to support higher education for students in NIRF-ranked institutions. Key Features of PM Vidyalaxmi Scheme Launch and Objectives: The Union Cabinet, led by Prime Minister Narendra Modi, approved the PM Vidyalaxmi scheme on …
Read MoreWhy in the News? Cabinet Approval: The Government has approved the PM-Vidyalaxmi scheme to provide financial support for meritorious students. Objective: To ensure financial constraints don’t hinder youth from pursuing quality higher education in India. Key Features of PM-Vidyalaxmi Scheme: Collateral-Free Loans: Provides collateral-free and guarantor-free loans for students to pursue higher education. Loan Support: …
Read MoreSyllabus: GS 3: Government Policies and Intervention for development of vulnerable sections of society. Development and management of Education Why in the News? The Supreme Court’s recent ruling on October 15 reaffirmed educational opportunities for persons with disabilities (PwD) and rejected rigid standards that could exclude candidates based solely on disability thresholds, promoting inclusive education. …
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