The Union Cabinet, in its recent meeting in 2026, approved the 'PM-Vidyalaxmi Scheme'. What is the primary objective of this scheme?
A To provide financial assistance for higher education to meritorious students from economically weaker sections.
B To digitize all school records across India.
C To establish new universities in rural areas.
D To promote vocational training for school dropouts.
Answer: A
The PM-Vidyalaxmi Scheme aims to provide educational loans and scholarships to students, particularly those from economically weaker sections, to pursue higher education, thereby reducing the financial burden.