Pradhan Mantri Vidya Lakshmi Karyakram
A fully IT based Student Financial Aid Authority has been proposed through the 'Pradhan Mantri Vidya Lakshmi Karyakram', to administer and monitor Scholarship as well Educational Loan Schemes, with a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds.
Vidya Lakshmi Portal is a first of its kind portal for students seeking Education Loan. It provides single window electronic platform for students to access information and prepares applications for Educational Loans and Government Scholarships. It provides information on the following:
This initiative aims to bring on board all Banks providing Educational Loans. It is expected that students throughout the country will be benefited by this initiative of the Government, by making available a single window for access to various Educational Loan Schemes of all Banks. The portal has been developed and being maintained by NSDL e-Governance Infrastructure Limited.
39 Banks have registered 70 Educational Loan Schemes on the Vidya Lakshmi Portal and integrated their system with the Portal for providing loan processing status to students.
Apply for Loan
The applicant must register and login to Vidya Lakshmi Portal and then fill-up the Common Education Loan Application Form (CELAF) by providing all the necessary details. CELAF is a single form which students can fill to apply for Educational Loan to multiple banks/schemes. This form is prescribed by Indian Banks Association (IBA) and accepted by all banks. It is provided on Vidya Lakshmi Portal. After filling the form, the applicant can search for Educational Loan and APPLY as per his/her needs, eligibility and convenience.
Alternatively, the applicant can also search for Educational Loan after login and apply for the suitable Educational Loan by filling the CELAF.
A student can apply to a maximum of three Banks through Vidya Lakshmi Portal using CELAF.
Apply for Loan visit Vidya Lakshmi Portal click here
Guidelines for Registration on Vidya Lakshmi Portal:
Various other unique measures have been taken to augment the quality and reach of education: