Vidya Lakshmi Education Loan: You know how important education is in today’s time. Everyone is studying in good colleges and getting good jobs but there are some people in India who are not able to complete their studies due to lack of money at home and are getting involved in labour. Seeing this the government has solved this by launching PM Vidya Lakshmi Education Loan.
Today we will know how you can get a loan of up to ₹ 6 lakh with the help of PM Vidya Lakshmi Education Loan Yojana and complete your studies with very low interest. If you also want to apply in this scheme then you have to read this article carefully only then you will understand everything. Follow the below process for fast loan approval.
Collateral Free Loan Funding by Govt: Start-Up India Yojana
Vidya Lakshmi Education Loan Official Portal
Table of Contents
Overview of Vidya Lakshmi Education Loan
| Article Name | Govt Will Provide Loan of ₹50,000 to ₹6,00000 for Studies |
| Yojana Name | Vidya Lakshmi Education Loan |
| Launched By | Govt of India |
| Beneficiary | Providing Loans For Education |
| Benefit | Get Loan Up to Rs. 50k to Rs.6 Lacs |
| Toll Free No. | 1020-2567 8300 |
| Official Portal | Click Here |
What is Vidya Lakshmi Education Loan
Pradhan Mantri Vidya lakshmi Education Loan is for those students who want to study but their family’s financial condition is bad. That’s why government will give them a loan of 50000 to 6 lakh to complete their education. Government is doing this because all the students of the country who are socially and financially weak but have the desire to study but are helpless due to lack of money. They will be educated for their bright and future.
Eligibility For Vidya Lakshmi Education Loan
Before I tell you about this scheme I want to tell you which students can apply in this scheme and what is the eligibility for this scheme:
- All the students who will apply in this scheme should be Indian citizen
- All the students who will apply in this scheme should have above 55% marks in 10th and 12th
- All the students who want to get loan from government by applying in this scheme should have capacity to pay back the loan
- However, there may be many more rules and regulations of this scheme which I do not know, you can find out by visiting its official website.
Required Documents
If you want to apply for education loan scheme in PM Vidyalaya, what documents do you need to have? Let’s talk about that and then I will tell you how to apply in this scheme:
- Identity card
- Passport size photo
- Application form
- Aadhar card
- PAN card
- Mobile number
- Income certificate
- Residence certificate
- 10th and 12th mark sheet
How To Apply For PM Vidya Lakshmi Education
- Step 1: First of all go to the official website of Pradhan Mantri Vidyalakshmi Yojana and you will get an option Apply Now, click on it.
- Step 2: Now a registration form will open in front of you in which a lot of questions will be asked from you, so fill everything one by one.
- Step 3: Then submit, then you will get your login ID and password, later you can check.
Banks For PM Vidya Lakshmi Education Yojana
- Canara Bank
- HDFC Bank
- SBI Bank
- Central Bank of India
- Bank of Baroda
- Federal Bank
- Indian Bank
- UCO Bank
- Bank of Maharashtra
- Punjab National Bank
FAQ Related Vidya Lakshmi Education Loan
What is Vidya Lakshmi Education Loan?
Vidya Lakshmi Education Loan is an initiative by Government of India where students can apply for education loans through a single platform. Students can apply to multiple banks with a single application form called Common Education Loan Application Form (CELAF).
Who can apply for Vidya Lakshmi loan?
Eligibility for Vidya Lakshmi loan is Indian citizenship, admission in a recognized educational institution and meeting the bank’s specific requirements. The scheme is for students pursuing higher education in India or abroad.
How to apply?
Students can apply by registering on Vidya Lakshmi, login and fill up CELAF. After submission they can track their application status online.
What expenses are covered?
Tuition fees, accommodation, books and other expenses related to higher education
