PM Vidya Lakshmi Scheme: Full Loan Waiver for Students Scoring 7.5+ CGPA

The Union Budget 2025-26 has announced a significant expansion of the PM Vidya Lakshmi scheme, providing financial relief to meritorious students from economically weaker sections.

Scheme Highlights - **Interest Waiver:** Full waiver for students with 7.5+ CGPA - **Loan Amount:** Up to ₹10 lakh without collateral - **Coverage:** Top 860 NIRF-ranked institutions - **Target Beneficiaries:** 1 lakh students annually

Eligibility - Admission to NIRF Top 860 institutions - Annual family income below ₹8 lakh - Maintain 7.5 CGPA or above - No other scholarship conflict

How to Apply Applications via PM Vidya Lakshmi portal at vidyalakshmi.co.in. Students can apply through their institution's nodal officer.

Other Financial Aid Options Besides PM Vidya Lakshmi, students can explore National Scholarship Portal, state-specific scholarships, and institution-level fee waivers.