The Government of India introduced the PM-Vidyalaxmi Central Sector Scheme to ensure that no meritorious student is deprived of quality higher education due to financial constraints. The scheme targets students securing admission into Quality Higher Education Institutions (QHEIs) based on merit. It is designed to remove hurdles like the requirement of collateral or a guarantor, which traditionally restricted access to education loans for many families. This initiative reflects the government's focus on inclusive growth and human capital development in the higher education sector.