The central government of India has released the PM Vidyalaxmi Scheme College List. The authorities have shortlisted the top 100 NIRF-ranking colleges among the 860 Institutes across India to provide the scheme’s benefits. Only the students studying in the top 100 NIRF-ranking colleges are eligible to avail the scheme’s benefits. According to the information a total of 22 lakh students will be selected from these 100 colleges to provide educational loans under the scheme. To check the scheme college list online the students are requested to visit the official website and download the college list online.
What is the PM Vidyalaxmi Scheme?
The Union Cabinet of India approved the PM Vidyalaxmi Scheme on 6th November 2024 to provide financial benefits to the financially weak students of India. This scheme was launched with the vision of making education affordable and ensuring no student will leave their further studies because of financial problems. All the students who will get selected under the scheme will receive an educational loan of up to INR 10 lakh. The authorities have also Allocated a huge budget of INR 3,600 crore for successfully implementing the PM Vidyalaxmi Scheme. The loans under the scheme will be collateral-free and guarantor-free.
What is NIRF?
NIRF stands for National Institutional Ranking Framework, a body that is used to rank educational institutes in India. The Ministry of Education of India is the nodal department that publishes the NIRF rankings annually. Teaching, learning, research, and professionalism are the factors that are considered by the NIRF authorities to make the top 100 college list. These rankings help students across India to choose their college accordingly. The nirfindia.org website publicly launched the college list so that all the students can check the list online.
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Key Highlights of PM Vidyalaxmi Scheme College List
| Key Highlights | Details |
| Name of the Scheme | PM Vidyalaxmi Scheme College List |
| Launched By | Government of India |
| Launch Date | 6th November 2024 |
| Announced By | Prime Minister of India |
| Purpose | Provide educational loan |
| Beneficiaries | Citizens of India |
| Target Beneficiaries | Students pursuing higher education |
| Advantage | Provide loans for further studies |
| Eligibility Criteria | Students studying in Quality Higher Education Institutions (QHEIs) |
| Required Documents | Aadhaar Card, Bank account, Post office account details |
| Application Process | Online |
| Official Website | https://www.vidyalakshmi.co.in/Students/ |
| Financial Commitment | INR 3600 crores |
| Expected Benefits | High educational loan |
| Contact Number | 020-2567 8300 |
Objective of PM Vidyalaxmi Scheme College List
The main objective of launching the PM Vidyalaxmi Scheme College List is to make sure only those students who are pursuing their degree from a top college will receive financial assistance. With the help of this scheme, only meritorious students purchasing their degrees from the top 100 colleges will receive educational loans and pursue higher education. With the help of an education loan of up to INR 10 lakh, students can pursue higher education without worrying about financial problems. On the official website, the college list is available in categories where the students can easily check the list according to their courses.
Selection Criteria of Colleges Under PM Vidyalaxmi
- The students will be selected based on their clearance of eligibility criteria.
- Only the students who are permanent residents of India will be selected under the scheme.
- Only those students whose annual income is less than INR 8 lakh will be selected under the scheme.
- The student must be studying in the top 100 NIRF-ranking colleges in India.
- The students must be a meritorious student to be selected under the PM Vidyalaxmi Scheme.
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Benefits of PM Vidyalaxmi Scheme
- The students who will get selected under the scheme will receive financial assistance in the form of educational loans of up to INR 8 lakh.
- Since the scheme provides educational loans for almost 22 lakh students, the government will benefit a wide range of students.
- The educational loans under the PM Vidyalaxmi Scheme will be collateral-free and guarantor-free.
- The authorities will ensure that only meritorious students receive financial assistance for studying in the top 100 colleges by providing financial assistance to those students.
- Under certain criteria, the students will also receive subvention on interest during the repayment of their educational loan.
Eligibility Criteria for Students
- The student must be a permanent resident of India.
- The students must belong to a financially unstable family and must be a meritorious student.
- The annual income of the student’s family must not exceed INR 8 lakh per year.
- The students must be pursuing technical courses from the top 100 NIRF rankings colleges.
How to Check PM Vidyalaxmi Scheme College List?
STEP 1: All the students who want to check the PM Vidyalaxmi Scheme College List are requested to visit the NIRF Website by clicking on the link here.
STEP 2: The students religious the homepage of the official website they will find a bunch of categories of colleges like engineering, medical, dental, etc.
STEP 3: The students can click on any of the criteria and the PM Vidyalaxmi Scheme College list will appear on your desktop or mobile screen.
Download PM Vidyalaxmi Scheme College List PDF
FAQs
When was the PM Vidyalaxmi Scheme approved?
The scheme was approved by the Union Cabinet of India on 6th November 2024.
Who is eligible to avail the benefits of the PM Vidyalaxmi Scheme?
All the students who are financially unstable and want to pursue higher education are eligible to avail the benefits of the PM Vidyalaxmi Scheme.
What is the total budget accumulated by the central government under the PM Vidyalaxmi Scheme?
A total of INR 36000 was accumulated by the central government of India under the PM Vidyalaxmi Scheme.