1.#Opinion: Thursday 07, November 2024, 06:00. 3730./ 2. ##Narendra Modi: PM-NEWS UPDATES: Cabinet approves PM-Vidyalaxmi scheme to provide financial support to meritorious students so that financial constraints do not prevent any youth of India from pursuing quality higher education: 06 Nov, 2024: Print News. // + 3 MORE.

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1.#Opinion: Thursday 07, November 2024, 06:00. 3730./

2. ##Narendra Modi: PM-NEWS UPDATES: Cabinet approves PM-Vidyalaxmi scheme to provide financial support to meritorious students so that financial constraints do not prevent any youth of India from pursuing quality higher education: 06 Nov, 2024: Print News. // + 3 MORE.

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A mission mode mechanism will facilitate and drive the extension of education loans to meritorious students who get admission in the top 860 quality higher educational institutions of the nation, translating to covering more than 22 lakh students every year

A special loan product will enable for collateral free, guarantor free education loans; made accessible through a simple, transparent, student-friendly and entirely digital application process

Loan amounts up to ₹ 7.5 lakhs will be provided a 75% credit guarantee by the Government of India, to support banks to expand coverage

Furthermore, for students with up to Rs. 8 lakhs annual family income, the scheme will also provide for 3% interest subvention on loans up to Rs 10 lakh

This is in addition to the full interest subvention already offered to students with up to Rs. 4.5 lakhs annual family income

PM Vidyalaxmi will build on the scope and reach of initiatives taken over the last decade for maximizing access to quality higher education for the youth

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved PM Vidyalaxmi, a new Central Sector scheme that seeks to provide financial support to meritorious students so that financial constraints do not prevent anyone from pursuing higher studies. PM Vidyalaxmi is another key initiative stemming out of the National Education Policy, 2020, which had recommended that financial assistance should be made available to meritorious students through various measures in both public and private HEIs. Under the PM Vidyalaxmi scheme, any student who gets admission in quality Higher Education Institution (QHEIs) will be eligible to get collateral free, guarantor free loan from banks and financial institutions to cover full amount of tuition fees and other expenses related to the course. The scheme will be administered through a simple, transparent and student-friendly system that will be inter-operable and entirely digital.

The scheme will be applicable to the top quality higher educational institutions of the nation, as determined by the NIRF rankings – including all HEIs, government and private, that are ranked within the top 100 in NIRF in overall, category-specific and domain specific rankings; state government HEIs ranked in 101-200 in NIRF and all central government governed institutions. This list will be updated every year using the latest NIRF ranking, and to begin starts with 860 qualifying QHEIs, covering more than 22 lakh students to be able to potentially avail benefits of PM-Vidyalaxmi; if they so desire.

For loan amount up to ₹ 7.5 lakhs, the student will also be eligible for a credit guarantee of 75% of outstanding default. This will give support to banks in making education loans available to students under the scheme.

In addition to the above, for students having an annual family income of up to ₹ 8 lakhs, and not eligible for benefits under any other government scholarship or interest subvention schemes, 3 percent interest subvention for loan up to ₹ 10 lakhs will also be provided during moratorium period. The interest subvention support will be given to one lakh students every year. Preference will be given to students who are from government institutions and have opted for technical/ professional courses. An outlay of ₹ 3,600 Crore has been made during 2024-25 to 2030-31, and 7 lakh fresh students are expected to get the benefit of this interest subvention during the period.

The Department of Higher Education will have a unified portal “PM-Vidyalaxmi” on which students will be able to apply for the education loan as well as interest subvention, through a simplified application process to be used by all banks. Payment of interest subvention will be made through E-voucher and Central Bank Digital Currency (CBDC) wallets.

PM Vidyalaxmi will build on and further enhance the scope and reach of the range of initiatives undertaken by the Government of India over the past decade in the domains of education and financial inclusion, for maximizing access to quality higher education for the youth of India. This will supplement the Central Sector Interest Subsidy (CSIS) and Credit Guarantee Fund Scheme for Education Loans (CGFSEL), the two component schemes of PM-USP, being implemented by the Department of Higher Education. Under the PM-USP CSIS, students with annual family income up to ₹ 4.5 lakhs and pursuing technical/ professional courses from approved institutions get full interest subvention during moratorium period for education loans up to ₹ 10 lakhs. Thus, PM Vidyalaxmi and PM-USP will together provide holistic support to all deserving students to pursue higher education in quality HEIs and technical/ professional education in approved HEIs.

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3.###PM congratulates Donald Trump on his victory in US Presidential Elections:06 Nov, 2024: Print News.

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The Prime Minister Shri Narendra Modi today congratulated Donald Trump on his historic victory in the US Presidential Election. Shri Modi said he looked forward to renew the collaboration to further strengthen the India-US Comprehensive Global and Strategic Partnership.

Shri Modi in a post on X wrote:

"Heartiest congratulations my friend @realDonaldTrump on your historic election victory. As you build on the successes of your previous term, I look forward to renewing our collaboration to further strengthen the India-US Comprehensive Global and Strategic Partnership. Together, let’s work for the betterment of our people and to promote global peace, stability and prosperity."

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4.####PM condoles the demise of renowned folk singer Sharda Sinha:06 Nov, 2024: Print News. 

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Prime Minister Shri Narendra Modi today condoled the demise of renowned folk singer Sharda Sinha. Remarking that Maithili and Bhojpuri folk songs of Sharda Sinha have been very popular for last several decades, Shri Modi said her melodious songs associated with the great festival of faith, Chhath will always be remembered.

In a post on X, he wrote:

“सुप्रसिद्ध लोक गायिका शारदा सिन्हा जी के निधन से अत्यंत दुख हुआ है। उनके गाए मैथिली और भोजपुरी के लोकगीत पिछले कई दशकों से बेहद लोकप्रिय रहे हैं। आस्था के महापर्व छठ से जुड़े उनके सुमधुर गीतों की गूंज भी सदैव बनी रहेगी। उनका जाना संगीत जगत के लिए एक अपूरणीय क्षति है। शोक की इस घड़ी में मेरी संवेदनाएं उनके परिजनों और प्रशंसकों के साथ हैं। ओम शांति!”

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5.#####Ministry of Personnel, Public Grievances & Pensions: Dr. Jitendra Singh launched the Nation-wide Digital Life Certificate Campaign 3.0 for Digital Empowerment of Pensioners: Posted On: 06 NOV 2024 7:19PM by PIB Delhi.

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The Digital Life Certificate, Jeevan Praman is the vision of Prime Minister Modi for Digital Empowerment of Pensioners launched in 2014 and Face Authentication was launched in 2021

The DLC Campaign 3.0 will be held in 800 cities/ towns of India with 1900 camps and 1100 nodal officers from November 1-30, 2024 in which all Pensioners can submit their Digital Life Certificates from their comfort of their homes or at Pension Disbursing Banks or at IPPB

19 Pension Disbursing Banks and 57 Pension Welfare Associations, CGDA, IPPB, UIDAI collaborate to implement the DLC Campaign 3.0 on a Whole of Government and Saturation Approach

Dr. Jitendra Singh launched the Nation-wide Digital Life Certificate Campaign 3.0 for Digital Empowerment of Pensioners. He said that Digital Life Certificate, Jeevan Praman is the vision of Prime Minister Modi for Digital Empowerment of Pensioners. The DLC Campaign 3.0 will be held in 800 cities/ towns of India from November 1-30, 2024 in which all Pensioners of Central/ State Governments/ EPFO/ Autonomous bodies can submit their Digital Life Certificates at Pension Disbursing Banks or at IPPB. Super Senior Pensioners can do it from their residence and are provided door step delivery of services. All Pension Disbursing Banks including State Bank of India, Punjab National Bank, CGDA, IPPB, UIDAI will be coming together to implement the DLC Campaign on a nation-wide basis.

Dr. Jitendra Singh said that the vision of Prime Minister Modi sought to “Improve Pensioners Welfare” through Digital Empowerment on a “Nation First, Citizen First” approach. Accordingly, Jeevan Praman was launched in 2014, and in 2021 the Face Authentication was launched. The DLC Campaign 1.0 in the year 2022 was implemented in 37 cities. The DLC Campaign 2.0 in 2023 was held at 597 locations in 100 cities in November, 2023 under which a total of 1.47 crore DLCs were generated, of which, 45.46 lakh were of Central Government Pensioners. 25.41 lakh DLCs were generated using Face Authentication technique and more than 30,500 pensioners above 90 years of age availed the benefit of DLCs.

Dr.Jitendra Singh said that the DLC Campaign 3.0 in 2023, is the largest ever campaign to be coordinated by DPPW and as part of the awareness generation, the Department had launched an extensive social media outreach, television & radio jingles, and training programs for all stakeholders. The Campaign will conduct 1900 DLC Camps in 800 cities/ towns in with more than 1100 nodal officers. 1.8 lac Gramin Dak Sewaks will provide services at the IPPB Camps to be held in 785 cities/ towns. The Pension Disbursing Banks will conduct DLC Camps in 157 cities/ towns.

Dr. Jitendra Singh said that feedback regarding the DLC Campaign 3.0 can be shared with him or through PWAs, or social media or helpline no 1-800-111-960. This feedback will be used to identify pain points, make improvements to the system of delivery, and ensure the system remains user-friendly and accessible to all pensioners. Progress will be monitored through real-time data on certificate submissions on DLC portal and Stakeholders/Pensioners feedback.

Dr. Jitendra Singh further added that alternative non-digital methods will remain available for those who are unable to access the digital platform. Pensioners can still submit their life certificates through traditional means, such as visiting pension offices or using post offices. The goal is to provide multiple options so that no pensioner is excluded from the process. He looked forward to support from all stakeholders to make the DLC Campaign 3.0 a nation-wide success.

The DLC Campaign 3.0 launch function was attended by Shri V.Srinivas Secretary DPPW, Shri Dhrubajyoti Sengupta Joint Secretary DPPW, Smt. Devika Raghuvanshi CGDA, Shri Sanjay Sharan, DG India Post, Smt. Shalini Kacker CGM SBI and Senior Officials of Pension Disbursing Banks, IPPB and UIDAI.

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JAI HIND

JAI BHARATHAM

VANDHE MADHARAM

BHARAT MATHA KI JAI.

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