PM Vidyalaxmi Scheme :- There is good news for those students who have to leave their education due to lack of finances. Now, no one has left their education due to lack of finances because recently our prime minister Narendra Modi has launched a new Central Sector Initiative loan scheme for the brilliant student. Now, students who want to get a proper education without worrying about their educational expenses can apply for it.
This scheme has an online digital student loan application process that is hassle-free and easy to apply. This scheme also offers minimum document requirements, and lower interest rates and provides loans without any collateral or guarantors.
So, if you are interested in the PM Vidyalaxmi Scheme and want to get an educational loan at lower interest rates this scheme is for you. Today in this article we will give you full detailed information application process, eligibility criteria and required documents.
PM Vidyalaxmi Scheme :-
| Name of Scheme | PM Vidyalaxmi Scheme |
| Started by | PM Narendra Modi |
| Scheme Category | Education loan |
| Benefiary | Students |
| Objective | easily educational loan so that no one has to leave from pursuing higher education due to a lack of financial |
| Loan Amount | upto 10 Lac |
| Application process | Online |
| Official website | https://www.vidyalakshmi.co.in/ |
Benefits of PM Vidyalaxmi Scheme :-
- This Scheme is made for students.
- This has a hassle-free and easy application process.
- In this Scheme, students can get up to 10 lac loan amount at lower interest rates.
- The government also provides a 3% interest subsidy on loan amounts to the students.
- This scheme requires minimum documents and it also requires no collateral or guarantors.
Required Documents for PM Vidyalaxmi Scheme :-
- Aadhaar Card
- PAN Card
- Income Certificate
- Address Proof
- Bank Account Details
- Passport Size Photo
- Bonafide Certificate
- Mobile Number
- Email ID
- Education Certificates and details
Application Process for PM Vidyalaxmi Scheme :-
All Indian Students who want to apply for online digital student loans in the PM Vidyalaxmi Scheme, have to follow the steps given below –
- First of All, they have to visit the official website for the scheme.
- On the home page of the official website, you get an option for Apply Now, click on it.
- Now a Registration Form will open, fill out it with the correct details.
- After this enter the Captcha code and click on submit button.
- After this, Your registration will be completed and you will get your Login ID and Password.
- Now you have to log in on the portal with your Login ID and Password to complete further application process.
- After logging in on Portal, a new application form for the PM Vidyalaxmi Scheme will open.
- Fill out this application form and upload all necessary documents.
- After this Submit your Application form.
- In this way, your application will be completed for the PM Vidyalaxmi Scheme.
