Q. With reference to the PM-Vidyalaxmi Scheme, which of the following statements are correct?
1.It aims to provide collateral-free and guarantor-free education loans to students admitted to Quality Higher Education Institutions (QHEIs).
2.The scheme applies to students who secure admission in institutions ranked under the National Institutional Ranking Framework (NIRF).
3.The scheme gives preferences to students with highest marks in entrance exams.
Select the correct answer using the codes given below:
Explanations –
Statements 1 and 2 are correct. The PM-Vidyalaxmi Scheme offers collateral-free and guarantor-free loans to students who secure admission in Quality Higher Education Institutions (QHEIs). QHEIs are institutions ranked under the National Institutional Ranking Framework (NIRF) or governed by central government bodies. The scheme applies to both government and private institutions. Additionally, the scheme applies to students admitted to institutions ranked within the top 100 in overall, category-specific, or domain-specific NIRF rankings, as well as state government institutions ranked between 101-200 and all central government-run institutions.
Statement 3 is incorrect. The scheme does not give preference based on entrance exam marks. Instead, it gives priority to students from government institutions and those pursuing technical or professional courses.
Source: The Hindu
