The Central Government of India has launched a scheme named PM Vidya Lakshmi Education Loan Scheme Through this scheme you can get an education loan of up to ₹6.5 lakh to support your higher education. We want to inform you about this scheme so that you can get all the necessary information to apply. Students can view, apply, and track education loan applications to banks anytime, anywhere by accessing the portal.
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Overview Of PM Vidya Lakshmi Education Loan Yojana
To apply for the PM Vidya Lakshmi Education Loan Scheme 2024, you will need certain documents. We will provide you with the necessary information about these documents. Additionally, we will give you a list of banks where you can apply for the loan.
| Name of the Article | PM Vidya Lakshmi Education Loan Yojana 2024 |
| Type of Article | Scholarship |
| Who Can Apply | All India Students Can Apply |
| Mode of Application | Online |
| Charges of Online Application | NIL |
| Official Website | www.vidyalakshmi.co.in |
Benefits Of PM Vidya Lakshmi Education Loan Yojana 2024
The main benefits of the PM Vidya Lakshmi Education Loan Yojana 2024 are as follows:
- All students and youth of the country can easily apply for and benefit from this scheme.
- Under this scheme, all our students can easily obtain a loan of up to ₹6.5 lakh without any collateral.
- The Central Government provides loans under this scheme for acquiring quality education.
- Students from economically and socially weaker sections of the country can benefit from this scheme.
- Lastly, by taking an educational loan under this scheme, you can create a bright and prosperous future for yourself.
Which Banks Offer PM Vidya Lakshmi Education Loan?
37 banks provide a Vidya Lakshmi Education Loan from SBI to Yes Bank with 139 loan schemes. check below from which bank you want to apply and also check their features below:
| Name of the Bank | Features |
| Abhyudaya Cooperative Bank Limited | Educational Loan Under The Scheme Of Abhyudaya Gyan Vardhini |
| Allahabad Bank | Allahabad Bank Education Loan |
| Andhra Bank | Andhra Bank Dr. Pattabhi Vidya Jyothi Scheme |
| Axis Bank | Axis Bank Education Loan |
| Bank Of Baroda | Baroda Gyan Baroda Scholar Baroda Education Loan To Students Of Premier Institutions Baroda Vidya Baroda Education Loan For Executive Development Programmes (India) Baroda Education Loan For Executive Development Programmes (Abroad) Skill Loan Scheme |
| Bank Of India | Star Vidya Loan |
| Bank Of Maharashtra | Model Educational Loan Scheme |
| Canara Bank | IBA Model Education Loan Scheme For Study In India And Abroad |
| Central Bank Of India | Cent Vidyarthi |
| Corporation Bank | Corp Vidya Loan Scheme |
| Dena Bank | Skill Loan Scheme ( Kaushal Rin Yojana) |
| Dombivli Nagari Sahakari Bank Limited | Vidyavardhini Education Loan Scheme |
| Federal Bank | Suvidya Education Loan Scheme |
| GP Parsik Bank Ltd | Federal Special Vidya Loan Scheme |
| HDFC Bank | Fed Scholars |
| ICICI Bank | Vidya Siddhi |
| IDBI Bank | Education Loan For Vocational Courses Education Loan Scheme For Other Management Quota Students Education Loans For Students Studying In Premier Education Institutes Education Loan For Courses Offered By ICAI Education Loan For Special Courses Education Loan To Physically Challenged Persons Under NHFDC Scheme Education Loan For Non-Vocational Courses |
| Indian Bank | Revised IBA Educational Loan Scheme – 2011 IB Skill Development IB Educational Loan Prime Nit IB Educational Loan Prime Non- IBA Educational Loan |
| Indian Overseas Bank | Vidhyajyoti Educational Loan |
| Karnataka Bank Limited KBL | Karnataka Bank Limited KBL Vidyanidhi Scheme |
| Karur Vysya Bank KVB | Karur Vysya Bank KVB Educational Loan |
| Kotak Mahindra Bank Ltd | Kotak Mahindra Education Loan |
| New India Cooperative Bank Limited | New India Cooperative Bank Limited Vidya Vikas Loan Scheme |
| Oriental Bank Of Commerce | Oriental Bank of Commerce Vidya Lakshmi Education loan |
| Punjab And Sind Bank | Model Education Loan Scheme For Pursuing Higher Education In India And Abroad Skill Loan Scheme Psb Excellence- Education Loan Scheme For Premier Institutions (i.e. IITs/IIMs And ISB Hyderabad) |
| Punjab National Bank | Panab Kaushal Panab Saraswati Panab Pratibha panab flight |
| RBL Bank Limited | Education Loan |
| State Bank Of India | SBI Student Loan Scheme SBI Global Ed-Vantage Scheme SBI Scholar Loan Scheme SBI Skill Loan Scheme |
| Syndicate Bank | Skill Loan Syndvidya Syndsupervidya |
| Tamilnad Mercantile Bank Limited | TMB Education Loan TMB-Skill Development Loan TMB-Super Education Loan Scheme |
| UCO Bank | UCO Education Loan UCO Super Premier Educational Loan UCO Premier Educational Loan Scheme |
| Union Bank Of India | Union Education |
| United Bank Of India | United Education Loan United Superb Education Loan United Education Loan Under Management Quota |
| Vijaya Bank | Education Loan To Students Admitted Under Management Quota (Non-IBA) Skill Loan Scheme IBA Model Education Loan – Top Rated Institutions – India IBA Model Education Loan – Other Institutions – India IBA Model Education Loan -Abroad |
| Yes Bank | Yes Education Loan |
Required Documents For PM Vidya Lakshmi Education Loan Yojana?
To apply for this loan scheme, all applicable students will need to provide the following documents:
- Aadhaar Card
- PAN Card
- Bank Account Passbook
- School or College ID Card
- Income Proof
- Residence Proof
- Caste Certificate
- Active mobile number
- Passport size photograph, etc.
How To Apply Online For PM Vidya Lakshmi Education Loan Yojana 2024?
Step 1: Create an Account on the Portal
- Visit the official website of PM Vidya Lakshmi Education Loan Yojana 2024.
- Click on “APPLY NOW” on the homepage.
- Fill out the New Registration Page with all required details.
- Submit the form and secure your Login ID and password.
Step 2: Login and Apply for ₹6.5 Lakh Loan
- Log in to the portal using your credentials.
- Access the Application Form for the loan.
- Fill out the form carefully and accurately.
- Scan and upload all necessary documents.
- Click “Submit” to complete your application.
- Print the receipt for your records.
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How Much Loans Can I Get From PM Vidya Lakshmi Education Loan Yojana?
Under the Vidya Lakshmi scheme, students can avail of a loan of up to ₹6.5 lakhs at a lower interest rate, enabling them to pursue education in India or abroad. Several banks and financial institutions under the PM Vidya Lakshmi Yojana offer loans ranging from ₹50,000 to ₹6.5 lakh. The loan repayment period is typically 5 years.
Who Is Eligible for the PM Vidya Lakshmi Loan?
To be eligible for the Vidya Lakshmi scheme, students must:
Be a citizen of India.
Have passed the 10+2 board examination.
Have cleared the necessary entrance exam for college admission.
Students can apply for a loan to pursue studies in India or abroad.
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