Pradhan Mantri Vidyalaxmi

Pradhan Mantri Vidyalaxmi (PM-Vidyalaxmi) Scheme

(A Central Sector Scheme for Financial Aid and Student Loans)

The PM-Vidyalaxmi Scheme, a Government of India initiative, offers collateral-free and guarantor free education loans to the students who are getting admission in 860 Quality Higher Education Institutions (HEIs).

Students enrolled in the Colleges/University and desirous of availing education loans to pursue their higher education may visit the portal https://www.vidyalakshmi.co.in/Students/

The portal does not charge any amount from the applicant. Through the portal, the students can:

· Apply to multiple banks for education loans

· Access collateral-free and guarantor-free education loan

Benefit of interest subsidies available to eligible students as per scheme guidelines https://www.education.gov.in/sites/upload_files/mhrd/files/document-reports/PM_Vidyalaxmi_Scheme_Guidelines.pdf