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Review Paper | Commerce and Economic Studies | Volume 15 Issue 7, July 2026 | Pages: 119 - 122 | India
Bridging Financial Barriers: A Study of PM Vidyalaxmi and NEP 2020 Goal-Highlights the Alignment with NEP 2020 and GER Targets
Abstract: Education has long been recognized as the most powerful instrument for social transformation and national development. In the Indian context, higher education is not only a pathway to individual empowerment but also a critical driver of economic growth, innovation, and global competitiveness. However, despite significant progress in expanding access to education, financial constraints continue to pose a formidable barrier for millions of meritorious students, particularly those from economically weaker and marginalized sections of society. Rising tuition fees, living expenses, and the burden of high-interest loans often deter talented youth from pursuing higher education, thereby perpetuating cycles of inequality and limiting the nation?s human capital potential.
Keywords: PM Vidyalaxmi Scheme, NEP 2020, Higher Education Financing, Collateral-free Loan, Gross Enrolment Ratio (GER), Equity in Education, Interest Subvention, Digital Education Ecosystem
How to Cite?: Dr. M. N. Prakasha, "Bridging Financial Barriers: A Study of PM Vidyalaxmi and NEP 2020 Goal-Highlights the Alignment with NEP 2020 and GER Targets", Volume 15 Issue 7, July 2026, International Journal of Science and Research (IJSR), Pages: 119-122, https://www.ijsr.net/getabstract.php?paperid=SR26629163359, DOI: https://dx.doi.org/10.21275/SR26629163359