The Pradhan Mantri Vidyalakshmi Yojana portal has been developed especially keeping the poor students in mind. Under this scheme, Scholarships and Education Loans are provided.
The Central Govt has launched ‘Pradhan Mantri Vidya Lakshmi Yojana’ to help students who are unable to complete their studies due to financial problems. Under this scheme, scholarships and education loans are provided. Here is the complete information about this.
Common Application Form (CAF) for Education Loan under Pradhan Mantri Vidyalakshmi Yojana is also available on this portal. With the help of these one can apply for loans or scholarships for studies. Complaints related to loans and scholarships can also be submitted through this portal.
So far 13 banks of the country have registered 22 types of educational loan schemes on this portal for this scheme. These include SBI, IDBI Bank, Bank of India and Canara Bank. Development and maintenance of this portal is done by NSDL E-governance infrastructure.
This portal is specially developed keeping in mind the poor students. Many times students drop out of studies due to financial problems.
Features of Vidya Lakshmi Yojana Portal
- Facility to apply for education loan.
- Dashboard facility to check the status of loan applications under the scheme.
- Email facility for students for education loan related queries and complaints.
- Facility for banks to upload current status of loan processing.
- Information about education loan and other schemes of banks at one place.
- Link to National Scholarship Portal for Applications is being made by the government for information and applications of students across the country
- Facility to apply for education loan from all banks on one platform
Benefits of Vidya Lakshmi Scheme
- Students will be able to continue their education with the help of this scheme.
- Under this scheme, students will be able to avail 22 types of loans from 13 banks through the portal.
- You can take loan as per the convenience/need of the borrowers
- Along with Pradhan Mantri Vidya Lakshmi Yojana loan related information, scholarship information is also uploaded on the bank portal.
- Students don’t have to wander for education loans because of the unified platform for availing loans.
How to Apply for Loan under Vidya Lakshmi Yojana
- To apply for a loan under Vidya Lakshmi, one has to go to the portal. Click on this link: https://www.vidyalakshmi.co.in/Students/
- You will get a chance to apply for the loan only after registering at the link below. https://www.vidyalakshmi.co.in/Students/signup
- After completion of registration in this scheme, you will get email id and password.
- Able to login after entering email id and password.
- For education loan, fill the general education loan form.
- As per your convenience you should apply for loan under Vidya Lakshmi Yojana.
- Once the loan is approved, you will get its information on this portal.
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