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Good News For Students: The central government has announced an important scheme for those students who are struggling due to lack of money for their studies. Prime Minister Narendra Modi has announced a loan of up to Rs 10 lakh under the PM Vidyalakshmi Yojana . This loan will be given without any guarantor and there will also be a discount of 3 percent on its interest. This scheme aims to especially help the students of the middle class and economically weaker sections.

Loan up to Rs 10 lakh without guarantee.

Under the guarantee of Prime Minister Modi, this loan will be given without any guarantor. This means that students will not need any other person to take a loan for their studies. Under this scheme, if a student gets a loan of up to Rs 10 lakh, he will get a discount of 3 percent in the interest. Apart from this, there is no upper limit on the loan in this scheme, that is, if a student needs a loan of more than Rs 10 lakh, then this amount can be increased.

Who can avail of this loan?

This loan is for those students whose family's total income is Rs 8 lakh per annum or less. The government has ensured that no student's studies are interrupted due to lack of money. For this, students will not have to worry about anything. This scheme is a big relief, especially for those youth who were facing obstacles in completing their education due to financial reasons.

Another big announcement

Along with this, the central government has also approved equity capital of Rs 10,700 crore for FCI (Food Corporation of India). This decision has been taken especially to promote the agriculture sector and help the farmers. This step will not only improve the supply of food grains but will also support Indian farmers.

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