Pradhan Mantri Vidyalaxmi (PMVidyalaxmi) Scheme
Updated: 18 Oct 2025
Ministry:
Ministry of Education
Beneficiary:
Youth and Students
Overview
The scheme provides financial support for higher education loans up to ₹10 lakh to meritorious students facing financial constraints. It ensures that lack of funds does not hinder Indian youth from pursuing quality higher education.
- Purpose: To financial support meritorious students so that financial constraints do not prevent any youth of India from pursuing quality higher education
- Background: For helping out youth who have not been eligible for any benefit under government schemes and policies, the Union Budget 2024-25 has announced a financial support for loans up to 10 lakhs for higher education in domestic institutions.
- Type: Central Sector Scheme
