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In a bid to support meritorious and deserving Indian students to pursue their higher education without having to worry about funds, the government today announced the <keyword id="23831216" type="General" weightage="100" keywordseo="PM-Vidyalaxmi-scheme" source="keywords">PM-Vidyalaxmi scheme</keyword>. Here's all you need to know about it: The scheme will cover students who secure admission to one of the top 860 higher educational institutions in the country. In effect, this is set to benefit over 22 lakh students annually. You can apply for this loan via a soon-to-be launched consolidated PM-Vidyalaxmi portal. The loan application will be entirely digital and will not require collateral or assets to be pledged in place of a loan or even a guarantor. For loans up to Rs 7.5 lakh, the government will provide a 75% credit guarantee. If your family's annual income is up to Rs 8 lakh, you are eligible for receiving loans up to Rs 10 lakh at an interest rate of up to 3% lower rates. This support will be offered to around 1 lakh students every year, and those who opt for technical or professional courses from government-run institutions will be given preference for the same. The government has already set aside Rs 3,600 crore for the same, to be utilized between 2024 and 2031, benefiting 7 lakh students in this period. All eligible students whose family's annual income falls below the Rs 4.5 lakh threshold will receive a full subsidy on interest payable. As for which higher education institutions (HEIs) will qualify, it will depend on recent NIRF (National Institutional Ranking Framework) rankings. This will include: <ul><li>All centrally governed institutions</li><li>Public and private institutions that have made it to NIRF's top 100 rankings in the overall, category, and domain-specific categories</li><li>All state government HEIs that are ranked between 101 and 200 in <keyword id="22759868" type="General" weightage="20" keywordseo="NIRF-rankings" source="keywords">NIRF rankings</keyword> will also be eligible.</li></ul> <h2>Rising cost of education</h2> Data from NSSO (National Sample Survey Office) highlights that the average expenditure on education in India has doubled in the last decade. Per the All India Survey on Higher Education 2020-21, the tuition fees for engineering courses in most private institutions have already risen by 50% over the past 10 years. Education inflation currently stands high, at about 11–12%. The demand for educational loans is also inching up steadily. Per RBI data, as of September 20, 2024, the total quantum of outstanding education loans stood at Rs 62,389 crore, up 2.8% from Rs 60,715 crore in September 2023. India's largest lender, the State Bank of India, leads the education loan bandwagon, with disbursals worth Rs 10,860 crore in FY24.

Lack of funds stopping you from pursuing higher education? The government can come to rescue

<ul><li>The Ministry of Human Resource and Development (MHRD) today unveiled the rankings of the Indian higher education institutions under the national institutional ranking framework (NIRF) 2020. </li><li>Indian Institute of Technology (IIT) Madras has topped the charts for the second consecutive year, followed by the Indian Institute of Science (IISc) and IIT Delhi. </li><li>The Indian government has been releasing the national rankings since 2016. </li><li>The rankings are based on several parameters including teaching, research and professional practices, learning and resources, graduation outcome, outreach and inclusivity, and perception. </li></ul>The Ministry of Human Resource and Development (MHRD) today unveiled the rankings of the Indian higher education institutions under the national institutional ranking framework 2020. Indian Institute of Technology (IIT) Madras has topped the charts for the second consecutive year. The institute has been boosting its technical expertise with its advanced research labs. The <a href="https://twitter.com/iitmadras/status/1254617088955609093?s=20"> researchers at the institute</a> have been actively developing solutions like N-95 masks, face shields and interactive voice response systems to tackle the global pandemic. In terms of the top performers, the rankings have shown similar trends as last year. The Indian Institute of Science (IISc) and IIT Delhi have secured the second and third position, the Union Cabinet Minister Ramesh Pokhriyal announced today. Miranda House, Lady Shri Ram College (LSR) and Hindu College are the top performers under the country’s premier government university — University of Delhi. The Indian government has been releasing the national rankings since 2016. The centre’s rankings are based on several parameters including teaching, research and professional practices, learning and resources, graduation outcome, outreach and inclusivity, and perception. The annual ranking is also comparative to the global university rankings by the Times Higher Education (THE) and Quacquarelli Symonds (QS) — featuring Indian IITs and IISc in the top ranking institutions access the globe. However, Indian universities are yet to make a mark on a global scale — the rankings have declined in the past. However, Pokhriyal said that he does not agree with the THE and QS rankings of Indian institutions. The low ranking is based on one of the parameters — perception, he said.

IIT Madras, IISc, and IIT Delhi are the top 3 institutions in Indian government's rankings for higher education

Top 10 higher education institutions in India in 2020

NEET 2020 Result Soon: These are the best medical colleges in India, according to NIRF

<ul><li><keyword id="6363378" type="General" weightage="100" keywordseo="srcc" source="Orion">SRCC</keyword>’s recruitment drive season saw a 32.34% increase in gross value of offers.</li><li>The highest package offered was ₹25 lakh per year, while average was ₹8.31 lakh per year.</li><li>Companies like McKinsey &amp; Company, Bain Capability Network, Dalberg Advisors, Deutsche Bank were top recruiters.</li></ul>The recruitment season 2020-21 of <keyword id="6542932" type="General" weightage="20" keywordseo="shri-ram-college-of-commerce" source="Orion">Shri Ram College of Commerce</keyword> (SRCC), which is located in north campus of Delhi University ⁠— is also ranked among the top 10 colleges list by National Institutional Ranking Framework (<keyword id="6396110" type="General" weightage="20" keywordseo="NIRF" source="Orion">NIRF</keyword>) ⁠— observed a record of 350 plus offers extended by recruiters in more than 15 sectors with highest compensation of ₹25,00,000 per annum. The highest package offered was ₹25 lakh per year, the average package was ₹8,31,000 and the median package offered was ₹6,54,000. According to the data report shared by the <keyword id="12255129" type="General" weightage="20" keywordseo="Placement-cell-of-SRCC" source="Orion">Placement cell of SRCC</keyword>, the recruitment drive registered a record 32.34% increment in the gross value of offers to a massive ₹30.48 crores. The report also highlights that there was a 29.62% surge in the number of offers given by companies to SRCC students despite COVID-19. The top-recruiting companies were McKinsey &amp; Company, Bain Capability Network, Dalberg Advisors, Deutsche Bank, Citibank, Accenture Strategy, Fischer Jordan. The internship season 2020-21 also recorded a significant result with the highest stipend offered was a whopping ₹1,50,000 per month, while the average stipend offered was ₹34,000 per month. Companies like Hindustan Unilever, DE Shaw, EY were top internship recruiters this season who extended offers across various domains. “Though we were a bit sceptical initially due to the economic recession, our fears turned out to be unfounded as the number of placement recruiters and the number of offers reached an all-time high. Moreover, as the competition for hiring the best talent intensifies, many recruiters have resorted to the PPO route, leading to 22 PPOs in this season, a milestone in itself.” said Ansh Goyal, Chief Secretary of SRCC’s Placement cell. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/heres-why-indias-coal-shortage-may-not-immediately-push-up-electricity-bills-but-household-expenses-will-still-rise/articleshow/86806149.cms">Here’s why India’s coal shortage may not immediately push up electricity bills but household expenses will still rise</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/triton-model-h-electric-suv-india-live-pictures-leaked/articleshow/86805977.cms">Exclusive: First live pics of Triton Model H electric SUV leaked ahead of next week’s launch</a>

Campus recruitment at SRCC hits all-time high ⁠— the highest package offered is ₹25 lakh a year

<ul><li>India will now have three <keyword id="8411238" type="COMPANY" weightage="20" keywordseo="central-sanskrit-universities">central Sanskrit universities</keyword> — <keyword id="2802845" type="COMPANY" weightage="20" keywordseo="Rashtriya-Sanskrit-Sansthan">Rashtriya Sanskrit Sansthan</keyword>, Shri Lal Bahadur Shastri Rashtriya <keyword id="6390141" type="UNKNOWN" weightage="20" keywordseo="sanskrit">Sanskrit</keyword> Vidyapeeth, Delhi, and Rashtriya Sanskrit Vidyapeeth in Tirupati. </li><li>This is after the Parliament gave a nod to the Central <keyword id="7792758" type="UNKNOWN" weightage="20" keywordseo="Sanskrit-universities">Sanskrit Universities</keyword> Bill, 2020, which sought to convert the three deemed-to-be universities into central universities. </li><li>The move will promote Sanskrit at a global level and offer integrated courses in humanities, social sciences, and science, thereby preserving Sanskrit and other allied subjects. </li></ul>The Indian government has given central university status to three Sanskrit universities, allowing them to gain international recognition.. Rashtriya Sanskrit Sansthan, Shri Lal Bahadur Shastri Rashtriya Sanskrit Vidyapeeth, Delhi, and Rashtriya Sanskrit Vidyapeeth in Tirupati received recognition from the government. “Sanskrit language is not only a language but an identity of the great cultural diversity of this country and hence it is known as an unique language. Due to these factors, it has become imperative to promote the study and research in Sanskrit language. Hence, the government proposed to convert these three deemed-to-be universities into Central Sanskrit Universities,” <a href="https://pib.gov.in/PressReleseDetailm.aspx?PRID=1606638">said</a> the Union HRD Minister Ramesh Pokhriyal ‘Nishank.’ Nishank elaborated that Sanskrit is a unique language in terms of grammar, meaning, pronunciation and accuracy, adding that Devanagari script is also derived from Sanskrit. The Parliament gave a nod to the Central Sanskrit Universities Bill, 2020. The bill had sought the conversion of the three deemed-to-be universities into central universities. The aim is to promote Sanskrit at a global level and offer integrated courses in humanities, social sciences, and science along with it. “These three universities will have more opportunities to spread the knowledge of Sanskrit language not only in India but also across the world in a better way. The world is looking towards Sanskrit language therefore it is being taught not only in Indian colleges and universities but also in top universities across the globe,” he added. As of now, India nearly has <a href="https://theprint.in/india/education/how-modi-govt-plans-to-get-international-recognition-for-indias-sanskrit-universities/379101/">18 Sanskrit universities</a> with over 100 colleges teaching the language. However, none of them had National Assessment and Accreditation Council (NAAC) accreditation. The move will provide NAAC accreditation to the universities on the basis of their research, curriculum, faculty and infrastructure. <div type="image" title="sanskrit gurukul" msid="74668636" hostid="261"></div>

 After becoming central universities, they will be able to participate in university rankings — both national and international — such as the <keyword id="3171143" type="PERSON" weightage="20" keywordseo="National-Institutional-Ranking-Framework">National Institutional Ranking Framework</keyword> (NIRF) and the QS Rankings. The development will<a href="https://prsindia.org/billtrack/central-sanskrit-universities-bill-2019"> allow the universities to create their own courses of study</a> and training programmes, grant degree certificates, distance education and an autonomous status. “The Central University status awarded to these three universities will enhance the status of these universities and will give a boost to postgraduate, doctoral, post-doctoral education and research practices in the field of Sanskrit and Shastraic education. This will pave the way for many people from abroad to learn Sanskrit and Shastraic lore from these prestigious central Sanskrit universities in our country,” the ministry said. See Also: <a href="https://www.businessinsider.in/india/news/now-delhi-students-will-have-to-learn-sanskrit-urdu-or-french-to-pass-their-boards/articleshow/74588014.cms">Now, Delhi students will have to learn Sanskrit, Urdu or French to pass their boards</a> <a href="https://www.businessinsider.in/business/news/govt-to-open-booking-of-website-name-in-nine-indian-languages-from-mar-16/articleshow/74617700.cms">Govt to open booking of website name in nine Indian languages from Mar 16</a>

India’s 3 central Sanskrit universities hope to spread Shastraic education globally

Many students in India desire to pursue their education in medicine and build their careers. Medicine in India is a thriving field that has attracted a large pool of top talents. India has some of the best medical colleges globally in terms of faculty, facilities, research infrastructure, outreach, and inclusivity. National Institute Ranking Framework, managed by the Ministry of Human Resource Development of the Government of India, lists medical colleges in the country based on several assessment parameters. This mission aims to rate them for their quality, image, and performance. Here is the list of <keyword id="7512346" type="UNKNOWN" weightage="20" keywordseo="top-10-medical-colleges-in-india">top 10 medical colleges in India</keyword> for 2020 based on the<a href="https://www.nirfindia.org/2020/MedicalRanking.html"> NIRF ranking</a>. #1 All India Institute of Medical Sciences, New Delhi NIRF has awarded 90.69 points to AIIMS – New Delhi, and has ranked it as the country's top destination for medical courses. AIIMS, New Delhi, was created in 1956 vide an act enacted in the parliament of India. It has now been recognized as an institution of national importance. The college offers UG, PG, and doctoral courses in different fields of medicine. #2 Post Graduate Institute of Medical Education and Research, Chandigarh – Chandigarh The points bagged by the Post Graduate Institute of Medical Education and Research, Chandigarh, is 80.06, which places the institution as the second-best in the nation for pursuing medical courses. Deemed as an institution of national importance, PGIMER is consistently receiving top ranks in the NIRF assessment. The college offers courses in several disciplines of medicine as per the world’s best standards. #3 Christian Medical College, Vellore - Tamil Nadu With 73.56 points in the NIRF assessment, CMC – Vellore stands in the third topmost position among India's best medical colleges. Founded in 1918 by Dr Ida Sophia Scudder, the daughter of a medical missionary, CMC – Vellore is a Christian minority institution affiliated to Tamil Nadu Dr MGR Medical University. #4 National Institute of Mental Health &amp; Neuro Sciences, Bangalore - Karnataka The fourth-place among India's best medical colleges is reserved for the National Institute of Mental Health &amp; Neuro Sciences, Bangalore, which has scored 71.35 points in the NIRF assessment. NIMHANS – Bangalore has established itself as one of the most sought after destinations for medical courses by talented students. The institution has a very long history from colonial times as it was born from the Bangalore Lunatic Asylum, founded in 1847. #5 Sanjay Gandhi Postgraduate Institute of Medical Sciences, Lucknow - Uttar Pradesh Located in Lucknow, the Sanjay Gandhi Post Graduate Institute of Medical Sciences has scored 70.21 points in the NIFR assessment. It has captured fifth place among the <keyword id="10115863" type="UNKNOWN" weightage="20" keywordseo="top-10-medical-colleges">top 10 medical colleges</keyword> in the country. Situated in the southeast of Lucknow city, SGPGIMS has one of the country's best infrastructures for medical courses. #6 Banaras Hindu University, Varanasi - Uttar Pradesh NIRF has awarded 64.72 points for Banaras Hindu University – Varanasi and has placed it in the sixth position among the best medical colleges offering world-class medical courses. Cherishing a long tradition founded by Pandit Madan Mohan Malaviya, Banaras Hindu University started its journey in 1916, growing as a reputed institution attracting top talents. #7 Amrita Institute of Medical Sciences &amp; Research, Kochi – Kerala With 64.39 points, Amrita Institute of Medical Sciences &amp; Research – Kochi has bagged the seventh position among the nation's leading medical colleges. Amrita Institute of Medical Sciences (Amrita Hospital) has been regarded as one of the country's premier hospitals that have achieved the best medical treatments and education standards. #8 Jawaharlal Institute of PostGraduate Medical Education &amp; Research, Puducherry – Pondicherry Standing in the eighth position in 2020 among the best medical colleges in India, the scores bagged by JIPMER – Pondicherry is 63.17. Recognized among the institutions of national importance, JIPMER – Pondicherry offers UG, PG, diploma, and certificate programs in various disciplines of medicine. The hospital attached to the college is a highly sought after destination for medical treatments. #9 Kasturba Medical College, Manipal – Karnataka NIRF awards 62.84 points for Kasturba Medical College – Manipal and has rated it in the ninth position among India's best medical colleges. Considered as one of India's leading destinations for medical courses, KMC offers an array of UG medical courses in addition to PG courses across 55 disciplines in medicine. #10 King George's Medical University, Lucknow - Uttar Pradesh Scoring 62.20 points on the NIRF listing among India's best medical colleges, King George's Medical University, Lucknow occupies the tenth position among the leading colleges for medical courses in India. KGMU is a reputed medical college in the country that was established in 1905. Present since the colonial times, the institution has achieved excellence in medical education.

Top 10 medical colleges, universities, and institutes in India

<ul><li>Jamia Millia Islamia (JMI) secured the top rank in the list of <keyword id="9792819" type="UNKNOWN" weightage="20" keywordseo="top-central-universities">top central universities</keyword> by the Ministry of Education on August 13. </li><li>The Rajiv Gandhi University of Arunachal Pradesh ranked second in the list. Jawaharlal Nehru University was ranked third. </li><li><a href="https://www.businessinsider.in/">Check the latest news and updates on Business Insider. </a> </li></ul>The Jamia Millia Islamia (JMI), which was at the heart of the anti-CAA protests in New Delhi in February, secured the top rank in the list of top central universities by the Ministry of Education on August 13, r<a href="https://timesofindia.indiatimes.com/city/delhi/jamia-millia-islamia-tops-central-universities-in-government-rankings/articleshow/77515366.cms">eported Times of India. </a>The varsity secured a 90% score. It is the first time that the JMI has been placed among the top 10 universities in the NIRF rankings, the institute said. It has been given the 10th rank in the country in the "Universities" category. Last year, it was ranked 12th. Rajiv Gandhi University, the only central university of Arunachal Pradesh, ranked second in the list. It was followed by Jawaharlal Nehru University (<keyword id="6356383" type="UNKNOWN" weightage="20" keywordseo="JNU">JNU</keyword>) — which witnessed protests over a fee hike — according to the NIRF rankings. <keyword id="9792818" type="UNKNOWN" weightage="20" keywordseo="top-central-universities-in-India">Top central universities in India</keyword>, according to the Ministry of Education <ol><li>Jamia Millia Islamia </li><li>Rajiv Gandhi University of Arunachal Pradesh </li><li>Jawaharlal Nehru University (JNU), New Delhi </li><li>Aligarh Muslim University (AMU) </li></ol>“All the universities were required to sign a tripartite MoU with MHRD (ministry of education) and UGC for continuous evaluation. Jamia was the first university in 2017 to sign this MoU and present itself for performance evaluation,” JMI in a statement said. Meanwhile, the Delhi University (DU) marginally improved its ranking among the universities and in the "Overall" category. However, it is behind the JMI in both categories. DU rose to the 11th position this year from 13th position last year in the university rankings. Five DU colleges were among the top 10 colleges in the rankings with Miranda House bagging the top honours for the fourth consecutive time, followed by Lady Shri Ram and Hindu College. A total of 3,771 unique institutions had offered themselves for the "Overall", category-specific or domain-specific rankings for the India Rankings 2020. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/not-only-gmail-google-drive-meet-slides-docs-sites-groups-chat-keep-voice-services-also-facing-issue-as-per-google/articleshow/77652103.cms">Google confirms Drive, Docs, Meet and others report issues along with Gmail being down</a> <a href="https://www.businessinsider.in/tech/enterprise/news/more-than-half-the-companies-in-india-have-faced-at-least-one-data-breach-since-going-remote/articleshow/77653222.cms">More than half the companies in India have faced at least one data breach since going remote</a>

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Lack of funds stopping you from pursuing higher education? The government can come to rescue

BI India Bureau

IIT Madras, IISc, and IIT Delhi are the top 3 institutions in Indian government's rankings for higher education

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Top 10 higher education institutions in India in 2020

BI India Bureau

NEET 2020 Result Soon: These are the best medical colleges in India, according to NIRF

BI India Bureau

Campus recruitment at SRCC hits all-time high ⁠— the highest package offered is ₹25 lakh a year

Vaamanaa Sethi

India’s 3 central Sanskrit universities hope to spread Shastraic education globally

Prerna Sindwani

Top 10 medical colleges, universities, and institutes in India

BI India Bureau

These are the top central universities in India

BI India Bureau

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