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Govt approves ₹10,700 crore equity infusion in FCI, launches PM Vidyalaxmi scheme

  • The Union Cabinet approved the PM Vidyalaxmi scheme to provide financial support to meritorious students in higher studies.
  • Students can avail loans of up to Rs 7.5 lakh, with a 75% credit guarantee from the Government of India.
  • An outlay of ₹3,600 Crore is planned for 2024-25 to 2030-31, benefiting 7 lakh students during this period.
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