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Expressing his gratitude to Prime Minister Narendra Modi, Pradhan said that the scheme will help universalise access to 21st-century higher education for India’s talented youth.

Universalising access to 21st century higher education for India’s talented youth is PM Modi’s guarantee.

Hon’ble PM @narendramodi ji’s approval to #PMVidyalaxmi with an outlay of ₹3,600 crore will remove obstacles to higher education and enable our yuva shakti to pursue their… pic.twitter.com/EYXo2xH8Bx — Dharmendra Pradhan (@dpradhanbjp) November 6, 2024

In a series of social media posts, Pradhan mentioned that with an outlay of Rs 3,600 crore, the scheme will remove obstacles to higher education and enable the yuva shakti of the country to pursue their dreams.

Collateral-free and guarantor-free education loans under PM Vidyalaxmi will maximise access to higher education for meritorious students and ensure that financial constraints do not prevent students from pursuing education, he highlighted.

The Union Minister said that students having annual family income of up to Rs 8 lakh shall be eligible to get 3% interest subvention on education loans up to Rs 10 lakh and loans up to Rs 7.5 lakhs shall be eligible for 75% credit guarantee.

Education loans will be facilitated through a transparent, student-friendly and digital application process that will be common to all banks, he mentioned.

Pradhan also said that education loans under PM Vidyalaxmi will be facilitated to students securing admissions in the top 860 HEIs of the country based on NIRF. This will cover more than 22 lakh students every year.

The Minister also said that financial assistance to meritorious students is a key recommendation of NEP 2020 and PM Vidyalaxmi is another concrete step towards implementation of NEP. PM Vidyalaxmi will empower millions of students from the poor and middle class, he said.

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the PM Vidyalaxmi scheme, a new initiative under the Central Sector aimed at providing financial support to meritorious students, ensuring that financial constraints do not hinder access to higher education.

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The Sensex closed at 80,378.13, up 901.50 points or 1.13 per cent.

On the other hand, Nifty closed at 24,484 after gaining 270.75 points or 1.12 per cent. The Nifty Bank rose 110.15 points or 0.21 per cent to 52,317.40. The Nifty Midcap 100 index closed at 57,355.80 at the end of trading after gaining 1240.35 points or 2.21 per cent. Nifty Smallcap 100 index closed at 18,906.10 after gaining 402.65 points or 2.18 per cent.

Buying was seen in Nifty's auto, IT, PSU bank, financial service, pharma, FMCG, metal, realty, media, and energy sectors. All sectors closed with trading in green.

TCS, HCL Tech, Infosys, Tech Mahindra, Adani Ports, L&T, and Maruti were the top gainers in the Sensex pack. Titan, IndusInd Bank, Hindustan Unilever, Axis Bank, and HDFC Bank were the top losers.

The market trend remained positive. On the Bombay Stock Exchange (BSE), 3,013 stocks were trading in the green, 961 in the red, and there was no change in 89 shares.

According to market experts, the global markets experienced a relief rally following the US election results, reducing political uncertainty with Trump securing a strong mandate.

This has led to strong risk-on sentiments, driven by expectations of tax cuts and increased government spending. The domestic buying was broad-based, with IT leading the charge in anticipation of a rebound in IT spending in the US, they said.

--IANS

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The conclave, organised by the Argus News, will address various aspects of healthcare services in the State. Odisha’s Law Minister Prithviraj Harichandan, and Health & Family Welfare Minister Mukesh Mahaling will grace the occasion as chief guest.  

Three key topics- (1) Odisha As A Destination Next For Advanced Healthcare, (2) Allied Health As A Source Of Employment And Livelihood, and (3) Rural Health Infrastructure –Improvements For A Healthy Nation- will be discussed in the health conclave.

Several eminent personalities relating to health care services from across the country will participate in the conclave.

Dr. Gautam Khanna, CEO, P.D Hinduja Hospital & Medical Research, Mumbai; Asit Rath, CEO & M.D, Aviva India and Dr. B.S. Srinath, Managing Trustee, Sri Shankara Cancer Foundation; will speak on “Odisha As A Destination Next For Advanced Healthcare”.

Dr. Ashok Choudhury, Hepatolgist and Transplant Physician, Additional Professor, Institute Of Liver And Biliary Sciences; Sudhansu Adhikari, State Head, Patanjali Yog Peeth, Odisha & Chairman, India Yoga Associatio, Odisha; and Biren Das, Eminent Film Producer and Health Awareness Consultant, will participate at the panel discussion on the topic of “Allied Health As A Source Of Employment And Livelihood”.

Similarly, Kasturi Sengupta, General Manager (Health), National Insurance Co. Ltd. Kolkata; Dr. Pradeep Kumar Patra, V.C, Pt. Deendayal Hospital, Raipur; Subitha Kumar B. Sanum Sanguineas Solutions Pvt. Ltd, and Dr. Shibasish Giri, Endogenous stem cell specialist, University of Leipzig and Technical University of Munich, Germany, will take part on the panel discussion on “Rural Health Infrastructure –Improvements For A Healthy Nation.”

The State of Odisha has witnessed a significant change in healthcare services in the past few years. Yet, there are many areas in the State where people are deprived of access to good health facilities. The participants of the conclave are likely to address several such issues for the development of healthcare services in the State, a member of the organising committee said.  

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