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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 MoreWhy in the news? The Supreme Court condemned Punjab’s move to expand the NRI quota in medical colleges, calling it a “fraud” on the education system. A bench led by CJI D.Y. Chandrachud dismissed petitions challenging a Punjab and Haryana High Court order that had quashed the expanded quota. The bench stressed that the NRI …
Read MoreSyllabus: GS 2: Education Why in the News? National Credit Framework (NCrF) introduced to facilitate reforms in higher education, which balances vocational training with academic research to meet the evolving socio-economic needs of India. Introduction The National Credit Framework (NCrF), in line with NEP 2020, provides a transformational platform for Indian higher education by integrating …
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