Vidya Lakshmi (www.vidyalakshmi.co.in) is a portal launched by the government of India for students seeking education loans and scholarships. This portal allows students to apply for education loans online to multiple banks using a single form. As of now, a total of 13 banks have already registered with this portal and 22 different education loan schemes is available on www.vidyalakshmi.co.in.
Vidya Lakshmi portal is launched under Pradhan Mantri Vidya Lakshmi Karyakram. The prime objective of this portal is to ensure that no student misses out on higher education due to lack of funds.
Benefits of Vidya Lakshmi Portal
1) You can get information about all education loans and schemes at single place.
2) You can apply for an education loan at multiple banks using a single window.
3) Facility to the bank to download student loan applications and upload processing status.
4) You can view and track education loan applications to banks anytime, anywhere.
5) You can file email grievances/queries related to Education Loans to Banks.
6) The portal also provides linkages to the National Scholarship Portal.
How to apply Education Loan using the Vidya Lakshmi Portal?
You need to follow the 3 easy steps given below to apply for the education loan.
- To apply for an education loan you need to register on the portal.
- Fill up the Common Education Loan Application Form (CELAF) by providing all the necessary details.
- After filling out the form, the applicant can search for an Educational Loan and APPLY as per his/her needs, eligibility, and convenience.
If you want to apply for a scholarship follow the steps given below.
- Register yourself on the National Scholarship portal.
- Fill up the Common Application form for Scholarship.
- Based on eligibility criteria, the system itself suggests the schemes for which a student is eligible.
- SMS and E-mail alerts will be generated for the processing of the scholarship.
Which Banks are registered under the Vidya Lakshmi Portal?
A total of 13 Banks are registered for the Vidya Lakshmi portal and 22 different education loan schemes are available. The list of banks registered on the portal is given below.
1 State Bank of India
2 IDBI Bank
3 Indian Bank
4 Canara Bank
5 Union Bank
6 Bank of India
7 Central Bank of India
8 Vijaya Bank
9 Corporation Bank
10 Dena Bank
11 Punjab National Bank
12 Kotak Bank
13 Oriental Bank of Commerce
For more information Kindly contact:-
Tel – (022) 2499 4200
Fax – (022) 2497 6351
e-mail ID : vidyalakshmi@nsdl.co.in
This is indeed a very good initiative by the government of India. This portal will definitely help students seeking a loan for education.
