Vidya Lakshmi Education Loan Scheme Application Form & Online Registration

Published Date - 02 November 2017 05:30:53 Updated Date - 02 November 2017 07:10:17

Vidya Lakshmi Education Loan Scheme is launched for the students to have education loan for higher studies. This student loans, Vidya Lakshmi Portal is the first of its kind portal providing single window for students to access information and make applications for educational loans provided by banks as also government scholarships.Under the scheme, the students will get education loan facility for higher studies in several recognized colleges / universities in India.

Under the government education loan scheme i.e Vidya lakshmi education loan scheme/विद्यालक्ष्मीशिक्षाऋणयोजना, all the students from all over the country will be able to get education loan from several private as well as public sector banks in India. The students who want to join college for higher studies can have college loans by this VidyaLakshmi scheme.  This portal is the best place for student loans.

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.

With a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, this scholarship will provide to Student as a finantial assistance with low interest rates. Through the Pradhan Mantri Vidya Lakshmi Karyakram it is ensured that no student misses out on higher education for lack of funds.

15 अगस्त 2015 को, “विद्या लक्ष्मी पोर्टल शिक्षा ऋण योजना” वित्त मंत्रालय ने शुरू की थी। यह पोर्टल एनएसडीएल ई-गवर्नेंस इंफ्रास्ट्रक्चर लिमिटेड द्वारा वित्तीय सेवा विभाग, उच्च शिक्षा विभाग, भारतीय बैंक संघ और मानव संसाधन विकास मंत्रालय के सहयोग से विकसित और बनाए रखा गया है। यह पोर्टल सभी छात्रों के लिए शैक्षिक ऋणों के साथ-साथ सरकारी छात्रवृत्ति से संबंधित धन और सूचना का उपयोग करने के लिए प्रवेश द्वार है। यह एकल फार्म भरकर ऋण या छात्रवृत्ति के लिए आवेदन करने वाले छात्रों के लिए एक एकल खिड़की प्रदान करता है। पोर्टल 22 विभिन्न शिक्षा ऋण योजनाएं प्रदान करता है|



Online application forms for Vidya Lakshmi education loan scheme are being invited through the official portal of the scheme. Under the scheme, the students will get education loan facility for higher studies in several recognized colleges / universities in India. This scheme was launched by finance ministry of India in August 2015. The needy students can make online registration at Vidhya Lakshmi portal at

Under the Vidyalakshmi education loan scheme, all the students from all over the country will be able to get education loan from several private as well as public sector banks in India. The students can fill the online application form for education loan by going to the Vidhya Lakshmi portal at This portal has been developed under the patronage of Ministry of Finance & Ministry of Human Resource Development along with Indian Banks Association.

Moreover, on the portal, the student will get all details in pertaining of various loan schemes and facilities for pursuing higher education. This portal is a first of its kind portal for students who are seeking education loan for higher studies. The student can make their registration at official website as per the given below procedure.

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).The 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.

Benefit of Vidyalakshmi Education Loan:

  1. Student can apply to various banks for educational loans through a single form.
  2. This site id directly linked to national scholarship portal to apply for other government scholarships.
  3. Through Login id and Password students can see there loan application status.
  4. Students can also send to the banks e-mail queries for any kind of issues related to educational loans.
  5. Also Banks can upload loan processing status.
  6. The students have the advantage of applying to three banks at a time.
  7. However, the interest rate will be as per the applicable rules of an individual bank.
  8. This reduces the student’s time of approaching different banks.


Online Application Form for Vidya Lakshmi Education Loan

Below is the step by step procedure to fill Vidya Lakshmi education loan online application form

  • Visit at the official website at
  • If the student already have an account on the portal, just login to make the application. Otherwise click on Register link.
  • Fill all the details in the registration / sign up form, click on terms and conditions link to read the T&C’s and accept it by clicking the checkbox and then click “Submit” button at the bottom of the form.
  • After registration, candidate will get a link on their email – id. By using the link, candidate can login using his/her email and password
  • Here the student have to click on Loan Application Form or can click on “Search for loan scheme”. A new tab will open.
  • On this tab, student can search the all details of loan scheme by filling the details as shown in the image above.
  • Afterward, click on “Loan Application Form”, an application form will appear on the screen where the student have to fill all the required details.
  • After filling the details click on “Submit” button.

A reference / application number will be provided to all the students after completing the application. This reference number can later be used to check the status of the application or by clicking on “Application Status” link in the user login dashboard.

List of Banks for Vidya Lakshmi Education Loan

However, as per the Vidya Lakshmi Portal, there are 41 banks in total which are registered to provide education loan under the scheme. Below is the list of 29 major private and public sector banks which are providing education loan under Vidya Lakshmi Scheme. Interest rate for the loan may vary from bank to bank.


S. No.

Bank Name


Allahabad bank


Andra Bank


Bank of Baroda


Bank of India


Bank Of Maharastra


Bharatiya Mahila Bank


Canara Bank


Central Bank


central Bank of India


Dena Bank




Indian Bank


Oriental Bank of Commerce


Punjab & Sind Bank


Punjab National Bank


State Bank of Bikaner & Jaipur


State Bank of Hyderabad


State Bank of India


State bank of Mysore


State Bank of Travancore


Syndicate Bank


UCO Bank


Union Bank of India


United Bank of India


Vijaya Bank


Axis Bank Ltd






Kotak Mahindra Bank

The interested candidate can also make Call or Fax on Tel – (022) 2499 4200 and Fax – (022) 2497 6351. They can also mail on their email id for any query about the scheme, application process or anything else.

For more information, please visit the official Vidya Lakshmi Portal at


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