PM Vidyalaxmi Education Loan Yojana provides financial assistance to economically weaker students. this Yojana is a great scheme started by the central government. This scheme is specially designed for the students from economically poor and low-income families.
Due to financial problems in India many families are unable to afford higher education for their children. This scheme provides education loans for higher education of students from economically poor families.
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Due to PM Vidyalaxmi Shiksha Loan Scheme now any Indian student can apply for an education loan for higher education. PM Vidyalaxmi Education Loan Yojana is an initiative launched by the Honourable Prime Minister Mr. Narendra Modi to provide education loans ranging from ₹50,000 to ₹6,50,000 to meet the education related expenses.
What is PM Vidyalaxmi Yojana 2024
In 2024 Narendra Modi launched several schemes to help the students of India in achieving their higher education and educational goals. PM Vidyalaxmi Yojana is specially designed for students from economically weaker backgrounds to ensure that they get educational loans and are able to achieve their educational goals.
Using this scheme students can take loans from ₹50,000 and ₹6,50,000 with an interest rate of 10-12%. This loan comes with a very flexible repayment period and allows students up to five years to repay. This scheme involves more than 30 government departments, government & private banks, to provide easy education loans to all students.
Key Points of PM Vidyalaxmi Education Loan Yojana
Scheme Name PM Vidya Lakshmi Education Loan Yojana
Loan Amount ₹50,000 to ₹6,50,000
Benefits Provides education loans to support students’ higher education
Eligibility Students from lower-income and middle-class families only
Official Website www.vidyalakshmi.co.in
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Eligibility Criteria
- The student Must be an Indian citizen.
- Minimum of 55% marks in 10th and 12th is required.
- The Students family should belong to lower income or middle class category.
- Required documents include income certificate, Aadhaar card, caste certificate, bank passbook, 10th and 12th mark sheets, passport-size photo, and residence certificate.
- The student must not have any other loans in his name.
PM Vidyalaxmi Education Loan Yojana Documents
- Aadhar card
- Income Certificate
- Caste Certificate
- Basic address proof
- Bank Account
- Passport size photo
- 10th 12th Certificate
How to Apply Online for PM Vidyalaxmi Education Loan Yojana 2024
Please follow all the below steps to apply online:
- Step 1: Go to the official website www.vidyalakshmi.co.in
- Step 2: Click on the Registration button on the homepage.
- Step 3: Fill out the application form with the required information carefully.
- Step 4: Attach all the necessary documents and click on submit the application button.
Contact Details
- Address – Times Tower, 1st Floor, Kamala Mills Compound, Lower Parel, Mumbai – 400 013.
- Tel – 020-2567 8300
- Fax – (022) 2491 5217
- Mail – vidyalakshmi@proteantech.in
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