Q. With reference to the PM Vidyalaxmi Scheme, which of the following statement(s) is/are correct?
1.It allows students to get collateral-free and guarantor-free loans from banks and financial institutions.
2.The scheme does not consider caste or other socio-economic factors for eligibility.
3.Only institutions that register and qualify for National Institutional Ranking Framework (NIRF) rankings are eligible under the scheme.
Select the correct answer using the codes given below:
Answer: D
Notes:
Explanations –
Statements 1, 2 and 3 are correct. The PM Vidyalaxmi Scheme provides collateral-free and guarantor-free loans to students for their tuition fees and other educational expenses. Eligibility under the scheme is based on merit and admission to NIRF-ranked institutions, without consideration of caste or other socio-economic factors. The scheme applies only to institutions ranked under the NIRF, including top 100 institutions in overall, category-specific, and domain-specific rankings, as well as state government HEIs ranked 101-200 and all central government institutions.
Source: The Hindu
