E-vouchers for loans up to Rs 10 lakh for higher education in domestic institutions to be given directly to one lakh students each year for annual interest subvention of 3 per cent of loan amount.

During the presentation of the Union Budget for 2024-25 in the Lok Sabha, Finance Minister Nirmala Sitharaman announced a significant allocation of Rs 1.48 lakh crore for education, employment, and skilling initiatives in the country.