PNB cuts interest rate on education loans by 0.20 percent
New Delhi, June 3 (H.S.): Punjab National Bank (PNB) has cut interest rates on education loans under the Vidyalakshmi scheme by 20 basis points to 7.5 percent. This move aims to enhance accessibility to education. The Vidyalakshmi scheme, also known as PM-Vidyalakshmi, provides financial assistance to students for quality higher education without requiring collateral or…