Do you want to pursue higher studies? Are you facing financial difficulties? Are you thinking about pursuing higher education? Then don’t worry. The Narendra Modi government at the Centre has implemented the PM Vidya Lakshmi Yojana, under which students can get loans of up to Rs 10 at a low interest rate.
So, how to get a loan under this scheme? Watch this story.
A gift from the center for poor students
A loan of 10 lakh rupees at low interest
This is a bumper scheme for those pursuing higher education
The Modi government has implemented the PM Vidya Lakshmi scheme under the new National Education Policy. The scheme has been implemented with the aim of helping poor and talented students in their higher education. A student from a family with an annual income of less than 8 lakh rupees can apply for an educational loan of 10 lakh rupees. Students are given loans at an interest rate of just 3%.
The scheme is implemented for the children of the poor
22 lakh students are benefited every year
There is also an interest waiver benefit
It is the decision of the central government that the children of the poor should also get higher education, which is why the PM Vidya Lakshmi scheme was approved last year. Not only that, if the annual income of the student’s parents is 4.5 lakh rupees, they will also be given a full interest waiver benefit. This means that students do not have to pay interest after completing the course.
Where can I get a loan of Rs 10 lakh?
Which institution is eligible for admission?
Here is the detailed information about the scheme
PM Vidyalakshmi Yojana is applicable to all Regional Rural Banks, Scheduled Banks and Cooperative Banks. This scheme provides collateral-free, guarantee-free education loans through a simple, transparent, student-friendly and completely digital application process. You can apply online or visit the banks to avail the benefits. The loan is available to talented students who get admission in the top 860 Quality Higher Educational Institutions (QHEIs) of the country.
Applying for the loan is very easy
Visit https://www.vidyalakshmi.co.in/Students/
Apply online on the website
Students can easily apply for the loan online. They have to register their name by visiting the Pradhan Mantri Vidyalakshmi portal. The application form has to be filled on the website itself. This portal allows you to apply for education loans from multiple banks. Also, it simplifies the process.
The application process can be completed by uploading documents like Aadhaar card, PAN card, address proof, academic marks, entrance exam results, income certificates. For more information, you can call the toll-free number: 1800 1031 and phone: 080- 22533876. Through this, the dream of higher education can be fulfilled.