Question
Under the newly approved PM Vidyalaxmi scheme, what type
of loans are provided to students in Quality Higher Education Institutions (QHEIs)?Solution
The PM Vidyalaxmi scheme offers collateral-free and guarantor-free loans to support students in QHEIs, enabling meritorious students to pursue higher education without financial constraints, with a substantial credit guarantee to encourage bank lending.
It is essential to standardize the accounting principles and policies in order to ensure
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