PM Vidyalaxmi Scheme College List:- The Union Cabinet recently authorized a new program called PM Vidyalaxmi which offers financial aid to deserving students who cannot afford high-quality higher education. Recently the PM Vidyalaxmi Scheme College List has been made public by the Indian national government. However, out of the 860 institutes in India, the top 100 NIRF-ranking colleges have been selected by the government to offer the program’s benefits. Moreover, the benefits of the scheme are only available to students enrolled in the top 100 colleges according to the NIRF. From these 100 colleges, a total of 22 lakh students would be chosen to get educational loans under the program, according to the source. Furthermore, students are asked to visit the official website and get the college list online to view the scheme college list. Therefore read the article carefully if you are interested in applying for any internship under this scheme.
Overview of PM Vidyalaxmi Scheme 2024
Union Minister Ashwini Vaishnaw announced on Wednesday (November 6, 2024) that the PM Vidyalaxmi plan for “empowering youth and middle class” has been accepted by the Union Cabinet. However, this program was started to lower the cost of education and guarantee that no student would drop out of school due to financial difficulties. Moreover, an educational loan of up to INR 10 lakh would be given to each student who is chosen under the program. Therefore, the authorities allotted a substantial budget of INR 3,600 crore to ensure the smooth implementation of the PM Vidyalaxmi Scheme. The program’s loans will not require collateral or guarantors.
About NIRF Ranking
The National Institutional Ranking Framework, or NIRF for short, is an organization that rates Indian educational institutions. The nodal department that releases the NIRF rankings each year is the Indian Ministry of Education. Moreover, the college list was made publicly available for all students to view on the nirfindia.org website. The NIRF authorities examine teaching learning research and professionalism when determining which colleges reach the top 100 list. Therefore students throughout India can choose their college based on these rankings.
PM Vidyalaxmi Scheme Eligibility
key Highlights of PM Vidyalaxmi Scheme College List
Key Highlights | Details |
Name of the Scheme | PM Vidyalaxmi Scheme College List |
Initiated By | Government of India |
Launch Date | 6th November 2024 |
Announced By | Prime Minister of India |
Aim | Provide educational loan |
Beneficiaries | Citizens of India |
Target Beneficiaries | Students pursuing higher education |
Benefit | 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/ |
Financial Commitment | INR 3600 crores |
Expected Benefits | High educational loan |
Contact Number | 020-2567 8300 |
Objectives of PM Vidyalaxmi scheme
The primary goal of the PM Vidyalaxmi Scheme College List is to ensure that financial aid is only given to students who are enrolled in prestigious universities to complete their degrees. However, only deserving students who earn degrees from the top 100 universities will be eligible for educational loans and be able to continue their studies because of this program. Therefore students can pursue further education without worrying about money issues by applying for an education loan of up to INR 10 lakh. The college list is accessible on the official website in categories making it simple for students to view the list based on their courses.
Selection Criteria of Colleges under PM Vidyalaxmi
- The pupils who meet the eligibility requirements will be chosen.
- The program will only choose students who are permanent residents of India.
- The program will only choose students whose yearly income is less than INR 8 lakh.
- The student must be enrolled in one of India’s top 100 NIRF-ranked universities.
- For the PM Vidyalaxmi Scheme to select students, they must be meritorious.
pminternship.mca.gov.in Registration
Advantages of PM Vidyalaxmi Scheme
- Financial aid in the form of educational loans up to INR 8 lakh will be provided to the students who are chosen under the program.
- The government will benefit a wide spectrum of pupils because the program is offering educational loans to over 22 lakh students.
- Under the PM Vidyalaxmi Scheme, there will be no collateral or guarantee required for educational loans.
- The government will ensure that only deserving students will profit by offering financial aid to those who are enrolled in the top 100 universities.
- Students who meet specific requirements will also be eligible for interest-bearing subsidies while repaying their school loans.
Eligibility Criteria
- The applicant must be an Indian citizen.
- The applicant must be a student.
- The applicant must be the students of the universities or institutions that are eligible for this program.
- The student’s family should only earn up to 8 Lakh rupees.
Steps to Check PM Vidyalaxmi Scheme College List
Step 1: Please click this link to access the NIRF Website which has the PM Vidyalaxmi Scheme College List database.
Step 2: Students will find several college categories, such as engineering, medicine, dentistry, etc., on the official website’s homepage.
Step 3: The PM Vidyalaxmi Scheme College list will show up on your PC or mobile device when students click on any of the criteria.
Download PM Vidyalaxmi Scheme College List PDF
NIRF overall list |
NIRF Colleges list |
NIRF University list |
NIRF top 100 Research Institutions list |
NIRF top 100 Engineering list |
NIRF top 100 Management list |
NIRF top 100 Pharmacy list |
NIRF top 100 Medical list |
NIRF top 100 Dental list |
NIRF top 100 Law list |
NIRF top 100 Architecture and Planning list |
NIRF top 100 Agriculture and Allied Sectors list |
NIRF top 100 Innovation list |
NIRF top 100 Open University list |
NIRF top 100 Skill University list |
State Public University List |
FAQs
The PM Vidyalaxmi Scheme was approved when?
On November 6, 2024, the Indian Union Cabinet accepted the plan.
Who is qualified to get PM Vidyalaxmi Scheme benefits?
The PM Vidyalaxmi Scheme offers assistance to those students who wish to pursue higher education but are financially unstable.
How much money has the central government amassed under the PM Vidyalaxmi Scheme?
Under the PM Vidyalaxmi Scheme the Indian federal government amassed a total of INR 36000.
What is the aim of the Prime Minister Vidyalaxmi Scheme?
The primary objective of this scheme is to empower young bright minds coming from middle-class families by providing them with education expenses.
Who is entitled to the Prime Minister Vidyalaxmi Scheme benefits?
Every student admitted to a reputable university with an annual family income of up to ₹8 lakh will be entitled to a 3% interest subsidy for student loans up to ₹10 lakh under this program.