SINGLE WINDOW TO APPLY FOR EDUCATION LOAN IN INDIA 2022 – 23
Here is great relief for all those looking for education loan for higher studies. No need to go to all banks and check the loan procedure, interest rate etc. Instead government has launched a website called Vidya Lakshmi.
Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. This portal has been developed under the guidance of Department of Financial Services, (Ministry of Finance) , Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA).
Vidya Lakshmi portal has been developed and being maintained by NSDL e-Governance Infrastructure Limited. Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal.
The portal also provides linkages to National Scholarship Portal.
Shri Arun Jaitley, Honourable Union Finance Minister in his budget speech for FY 2015-16 said: “India is one of the youngest nations in the world with more than 54% of the total population below 25 years of age. Our young people have to be both, educated and employable for the jobs of the 21st century. The Prime Minister has explained how Skill India needs to be closely coordinated with Make in India. Yet, today less than 5% of our potential workforce gets formal skill training to be employable and stay employable. With a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, I propose to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram. We will ensure that no student misses out on higher education for lack of funds. The IT based mechanism under the Pradhan Mantri Vidya Lakshmi Karyakram is expected to provide to students a single window electronic platform for Scholarships and Educational Loans.”
Vidya Lakshmi Portal provides single window for Students to access information about various loan schemes provided by banks and make applications for Educational Loans.
If you want to apply for education loan on Vidya Lakshmi portal, you must register on portal. Please provide essential details as mentioned in registration form.
Important Instructions
- Please ensure that the registration details filled in are correct.
- Please enter password in required format.
Guidelines for Registering on Vidya Lakshmi Portal
- Name- Please enter student name as per 10th class mark sheet or as per the mark sheet attached with your loan application.
- Mobile Number- Enter a valid mobile number. Student can provide mobile number of parent/guardian
- Email ID- Enter a valid email ID. email ID will not be allowed to change. All necessary communications will be sent on this email ID.
Website: https://www.vidyalakshmi.co.in/Students/
