Who will get the benefit of the PM Vidyalaxmi Scheme, this is the loan amount... subsidy on interest too, this is the complete system.

PM Vidyalaxmi Scheme: Students are given education loans under Pradhan Mantri Vidyalaxmi Yojana. What is the loan amount, and how much subsidy is available on interest. Let us tell you.

PM Vidyalaxmi Scheme: Even today there are many such students in the country. Who have to stop their studies midway due to lack of sufficient money. But now these students will not have to stop their studies midway. To help such poor students, the Government of India has started a new scheme.

The name of this scheme is Pradhan Mantri Vidya Lakshmi Yojana. Under this scheme, the Government of India gives education loan to the students. Students are given education loans under Pradhan Mantri Vidya Lakshmi Yojana. What is the loan amount and how much subsidy is available on interest? Let us tell you the complete information about the scheme.

This much loan is available.

Under the Pradhan Mantri Vidya Lakshmi Yojana of the Government of India, the government gives education loans up to Rs 10 lakh. Under the scheme, the Government of India gives loan amounts to the students of those families. Whose annual family income is Rs 8 lakh or less. Under the Pradhan Mantri Vidya Lakshmi Yojana, those students are given benefits. Who wants to take higher education? The aim of the government under this scheme is to remove the financial difficulties faced by those poor students of the country at the time of getting higher education.

These students will benefit

Under the Pradhan Mantri Vidya Lakshmi Yojana, the central government provides financial assistance to students coming from economically weaker families in getting higher education. Those students are given benefits by the government. Whose family's total annual income is Rs 8 lakh or less. Under this scheme, the government will give priority to those students who study technical or vocational syllabus in a government institute.

This much subsidy will be available

Under the Pradhan Mantri Vidya Lakshmi Yojana, the government gives education loan up to Rs 10 lakh. Subsidy is also given on the interest on the loan by the government. For education loan up to Rs 10 lakh, the government gives subsidy on 3% interest. On the other hand, families whose annual income is up to Rs 4.5 lakh will be given complete exemption in interest.

You can apply in this way

To apply in Pradhan Mantri Vidya Lakshmi Yojana, students will first have to go to Vidya Lakshmi online portal https://www.vidyalakshmi.co.in/Students/. After this, they will have to fill the Common Education Loan Application Form. And after this, you will have to apply for the loan according to your need. After this, the students applying for the loan will get the benefit.