VidyaLakshmi Web Portal Launched for Students Seeking Educational Loans
How to apply for #Vidyalakshmi Education Loan Scheme/ How to Apply Education Loan in Vidyalakshmi Portal/Vidya Lakshmi Portal for #EducationalLoans & Scholarships/Pradhan Mantri Vidya Lakshmi Karyakram – Towards a Bright Future … A Web-Based Portal VIZ. Vidya Lakshmi (www.vidyalakshmi.co.in) Launched for Students Seeking Educational Loans; First Portal of Its Kind Providing Single Window for Students to Access Information and Make Application for Educational Loans Provided by Banks as well as for Government Scholarships. 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.
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A web-based portal viz. Vidya Lakshmi (www.vidyalakshmi.co.in) was launched on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking Educational Loans. The Portal has been developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) 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).
Vidya Laksmi Web Portal Features:
The Portal has the following features..
1. Information about Educational Loan Schemes of Banks;
2. Common Educational Loan Application Form for Students;
3. Facility to apply to multiple Banks for Educational Loans;
4. Facility for Banks to download Students’ Loan Applications;
5. Facility for Banks to upload loan processing status;
6. Facility for Students to email grievances/queries relating to Educational
7. Loans to Banks;
8. Dashboard facility for Students to view status of their loan application and
9. Linkage to National Scholarship Portal for information and application for
10. Government Scholarships
How to 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.
Guidelines for registration on Vidya Lakshmi Portal:
Name – Please enter student name as mentioned on 10th standard mark sheet or the mark sheet attached with your loan application.
Mobile Number – Enter a valid mobile number. Student can provide mobile number of parent/guardian.
Email ID – Enter a valid email ID. Email ID is not allowed to be changed later. All necessary communications will be sent on this email ID.