A remarkable initiative of the government of India- Vidya Lakshmi education loan scheme:
The application form of this particular Vidya Lakshmi Education Loan Scheme can be received online from the official page of this scheme. With this scheme, students can get a loan for their education. It will help them to do higher education in India. The ministry of Finance started this scheme in 2015.
Under this scheme, students can take the loan from different private banks which will be approved by the government of India. To get the loan, they have to download the application form online from the original portal.
This project is a joint venture of Indian Bank Association, the Ministry of Human Resource Development and the Ministry of Finance. In the portal, the students will get all the necessary information regarding this scheme. At first, they have to register in the official website of that scheme.
Procedures to apply for the loan:
To apply for the education loan under this Vidya Lakshmi Education Loan Scheme, you have to follow few simple steps. The steps are as follows:
- At first, you have to go to the official site of this scheme which is https://www.vidyalakshmi.co.in
- Then you have to log in if you already have an account here. Otherwise, you have to register before applying.
- After registering here, you will get a link through the mail. You have to use it while logging in.
- You have to give all the required information, and then you need to click on agree in case of terms and conditions. After that, you just have to submit it. You will get the “Submit” button at the bottom of the page.
- You can see a new tab after clicking the button for searching the loan scheme.
- In that new tab, all the information will be given.
- You can receive the form by clicking on the button “Loan Application Form.”
- Then you just have to submit it.
- You will get a reference number for future reference. You can check the status of your application through it.
For Direct Sign up for Vidya Lakshmi Educational Loan Click Here: https://www.vidyalakshmi.co.in/Students/signup
Names of the Banks which are associated with this scheme
Total 41 Banks are associated with this unique Vidya Lakshmi Education Loan Scheme of the government. The rate of interest against the loan can differ from one bank to another. The few banks under this scheme include Allahabad Bank, Andhra Bank, Bank of India, State Bank of India, Canara Bank, Bank of Baroda, HDFC Bank, Dena Bank, Central Bank, IDBI Bank, PNB, Indian Bank, Axis Bank, UCO Bank, ICICI Bank, etc.
Students can also get the full information by sending mail to firstname.lastname@example.org. They can also call (022) 2499 4200 to get the details.
For Details of “SBI STUDENT LOAN SCHEME” Please visit Vidya Lakshmi Official Webiste: https://www.vidyalakshmi.co.in/Students/files//VL_BANK_SCHEME_DOCS/SBIN/SBIN0001/SBIN0001_desc_file.pdf
“An investment in knowledge pays the best interest”
The aim of this scheme
This Vidya Lakshmi Education Loan Scheme was launched in 2015 for the educational development of the students. This scheme was primarily for those who wanted to do the higher study but couldn’t afford the expense of it. They can get loans via this scheme to complete their education. It is unquestionably a great initiative by the Ministry of Finance of the government of India. The government of India is connected with 41 banks from all over India to promote this scheme and help the students fulfilling their dreams.
Currently, the portal of this Vidya Lakshmi Education Loan Scheme has 77 loan schemes for education. The students must register first on their website and then log in to it. Then the filling and submission should be done. You can choose the appropriate scheme which is suitable for you among many schemes.
You can apply together in 3 banks for the education loan. You can effortlessly check the status of your application on the official portal. The portal will notify you whether you have to provide more information or your application will be rejected. According to that, you can contact the concerned bank.
Eligibility criteria for this scheme
The student applying for this loan must be the citizen of India. They must have cleared the exam through the proper selection process. There are no minimum marks criteria of the last exam given by the candidate. No processing fee is needed to get the loan. The student can get about 10 lacs for studying in India.
Education is very much needed for a better lifestyle. The poor and the middle-class students can be highly benefited by this scheme. It is undoubtedly a revolutionary step of the Indian government.
“Education is the most powerful weapon which you can use to change the world”
Vidya Lakshmi Website: https://www.vidyalakshmi.co.in
Vidya Lakshmi Facebook: https://www.facebook.com/VidyaLakshmi.EducationLoan
Vidya Lakshmi Twitter: https://twitter.com/Vidyalakshmi_EL
Vidya Lakshmi Customer Service: https://www.vidyalakshmi.co.in/Students/contact-us
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