PM-Vidyalaxmi Portal for Higher Education Loans

The Government of India launched the PM-Vidyalaxmi, as a new central sector scheme in November 2024. The main objective of the scheme is to ensure that no student is denied the opportunity to pursue higher education due to financial constraints. Under the scheme, collateral free and guarantor-free education loan is provided to all students who get merit-based admission in top Quality Higher Education Institutions (QHEIs) and who desire to avail the education loan.

Source

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Prelims Practice MCQs

Single facteasy

The "PM-Vidyalaxmi" scheme, recently in the news (July 2026), is associated with which of the following ministries?

A.Ministry of Jal Shakti
B.Ministry of Education
C.Ministry of Panchayati Raj
D.Ministry of Skill Development and Entrepreneurship

The PM-Vidyalaxmi scheme is associated with the Ministry of Education. In news: The Government of India launched the PM-Vidyalaxmi, as a new central sector scheme in November 2024. Source: PIB, 27 July 2026 — https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2290079

Single factmedium

With reference to the recent development "PM-Vidyalaxmi Portal for Higher Education Loans", which one of the following statements is correct?

A.The Government of India launched the PM-Vidyalaxmi, as a new central sector scheme in November 2024.
B.The Indian Institute of Corporate Affairs (IICA), Shillong, under the Ministry of Corporate Affairs, successfully organised a webinar on recently, for awareness and sensitization of the Corporate Mitra Scheme among the…
C.Recalling constitutional reforms that expanded youth participation, the Chief Minister said former Prime Minister Rajiv Gandhi reduced the voting age from 21 to 18 through the 61st Constitutional Amendment, recognising…
D.However, due to court proceedings challenging the Act, the request has been deferred.

The Government of India launched the PM-Vidyalaxmi, as a new central sector scheme in November 2024. Source: PIB, 27 July 2026 — https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2290079

Single factmedium

With reference to the recent development "PM-Vidyalaxmi Portal for Higher Education Loans", which one of the following statements is correct?

A.The centrally managed funding and programmatic execution for establishing ICT (Information and Communication Technology) labs and smart classrooms follow operational guidelines as outlined in "Samagra Shiksha – Framewor…
B.Bondada acquires 60% in solar project SPV in Maharashtra.
C.The main objective of the scheme is to ensure that no student is denied the opportunity to pursue higher education due to financial constraints.
D.Jammu court rejects bail of Bengal man accused of passing defence info — 'Release would be outrageous'.

The main objective of the scheme is to ensure that no student is denied the opportunity to pursue higher education due to financial constraints. Source: PIB, 27 July 2026 — https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2290079

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