Question

    Which of the following is NOT a feature of the

    PM-Vidyalaxmi scheme?
    A Collateral-free, guarantor-free loans Correct Answer Incorrect Answer
    B Digital and student-friendly application process Correct Answer Incorrect Answer
    C 75% credit guarantee for loans up to ₹7.5 lakhs Correct Answer Incorrect Answer
    D Interest subvention on loans over ₹10 lakh Correct Answer Incorrect Answer
    E Coverage for more than 22 lakh students annually Correct Answer Incorrect Answer

    Solution

    The PM-Vidyalaxmi scheme offers 75% credit guarantee for loans up to ₹7.5 lakh and interest subvention for loans up to ₹10 lakh. However, it does not provide interest subvention for loans exceeding ₹10 lakh.

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