PM Vidyalaxmi Scheme 2025: Get Up to ₹10 Lakh Loan with Interest Subsidy! Easy Apply

Q: What is the PM Vidyalaxmi Scheme and who can apply?

The PM-Vidyalaxmi Scheme is a government-backed education loan program designed to provide financial assistance to students pursuing higher education in Quality Higher Educational Institutions (QHEIs) . Indian students who have secured admission to eligible institutions and meet the income criteria can apply.

Q: What are the benefits of the PM Vidyalaxmi Scheme?

The scheme offers education loans without collateral or a guarantor , with no upper limit on the loan amount. Additionally, students from families with an annual income of up to ₹8 lakh can get 3% interest subvention on loans up to ₹10 lakh . Loans up to ₹7.5 lakh also receive a 75% credit guarantee .

Q: How can I apply for the PM Vidyalaxmi education loan?

Students can apply online through the official PM Vidyalaxmi portal by registering, filling in personal and academic details, and uploading the required documents. The loan application is processed digitally, and students can also apply for interest subvention benefits through the same platform.

Q: What documents are required for applying under the PM Vidyalaxmi Scheme?

Students need to submit the following documents: KYC Details – Aadhaar, PAN, and Address Proof Previous Exam Mark Sheets (Self-attested) Entrance Exam Result (if applicable) Offer Letter & Fee Structure from the Institution Income Proof from a designated public authority Institution Confirmation Certificate (if documents were already submitted during admission)

Join Us

PM Vidyalaxmi Scheme. Apply Here! The Government of India has launched the PM-Vidyalaxmi Scheme, a major initiative to support students who face financial challenges in pursuing higher education. This scheme provides collateral-free education loans of up to ₹10 lakh for students getting admission to the top 860 Higher Educational Institutions (QHEIs) across the country. It aims to benefit over 22 lakh students annually, ensuring that financial constraints do not stop deserving candidates from achieving their academic dreams.

Under this scheme, students can access hassle-free, fully digital loan applications with a 75% credit guarantee by the government on loans up to ₹7.5 lakh. Additionally, students from families with an annual income of up to ₹8 lakh will receive a 3% interest subvention on loans up to ₹10 lakh. Those with family incomes below ₹4.5 lakh will continue to receive full interest subvention, making education loans more affordable and accessible.

This initiative is part of the government’s broader vision to maximize access to quality higher education and empower youth through financial assistance. The scheme covers students applying through Scheduled Banks, Regional Rural Banks (RRBs), and Cooperative Banks, making it widely accessible nationwide.

Read the following article to learn about this financial assistance program and how it can benefit aspiring students.

If you haven’t followed us on WhatsApp, Instagram, Telegram, and YouTube yet, do it now to stay updated with the latest job alerts and videos! 🚀

PM Vidyalaxmi Scheme 2025: Get Up to ₹10 Lakh Loan with Interest Subsidy! Easy Apply

Table of Contents

PM Vidyalaxmi Scheme 2024 – Education Loan & Interest Subvention Benefits

Key Details	Information
Scheme Name	PM-Vidyalaxmi Education Loan
Purpose	Collateral-free and guarantor-free education loans for students admitted to Quality Higher Education Institutions (QHEIs) in India.
Eligible Candidates	Students who secure admission on merit to QHEIs in India, irrespective of family income.
Loan Amount	No upper limit; depends on course fees, other academic expenses, and living costs.
Interest Subvention	3% interest subvention for students with family income up to ₹8 lakhs for loans up to ₹10 lakhs.
Credit Guarantee	Available for loans up to ₹7.5 lakhs with 75% coverage on default.
Repayment Period	Up to 15 years (excluding the moratorium period).
Moratorium Period	Course duration + 1 year.
Eligible Institutions	Top-ranked HEIs based on NIRF, state rankings, and central government governance.
Application Process	Fully digital and student-friendly through the PM-Vidyalaxmi portal.

“PM-Vidyalaxmi ek special education loan scheme hai jo bina collateral aur guarantor ke students ko higher education pursue karne ka mauka deti hai. Yeh sirf merit-based QHEIs admissions ke liye hai.

Loan amount course fees, hostel, mess, laptop aur academic expenses par depend karega. ₹8 lakh tak ki family income par ₹10 lakh tak ke loan pe 3% interest subvention aur ₹7.5 lakh tak ke loans pe 75% credit guarantee milega.

Repayment period 15 saal tak ho sakta hai (moratorium: course duration + 1 year). Yeh scheme sirf high-ranking Indian HEIs ke liye hai, aur application PM-Vidyalaxmi portal par digitally kiya ja sakta hai.”

PM Vidyalaxmi Portal – Unified Platform for Education Loans

A unified portal will be available for students applying for education loans in Quality Higher Educational Institutions (QHEIs) under the administrative control of the DHE.
Once the education loan is sanctioned and disbursed, banks will update the loan status on the portal.
The portal will also handle applications, approvals, and disbursement of interest subvention benefits for eligible students.
Eligible students will be notified by the DHE to apply for interest subvention benefits through the same portal.
All existing education loan beneficiaries under PM-USP CSIS and PM-USP CGFSEL will also be included under this portal.

📌 PM Vidyalaxmi Portal ke Features:

🔹 Ek unified portal hoga jisme students QHEIs ke education loans ke liye apply kar sakenge.
🔹 Portal DHE ke under control hoga aur banks sanctioned & disbursed loans ka update yahan dalenge.
🔹 Interest subvention ke liye students apply, approval aur fund disbursement isi portal par kar sakenge.
🔹 DHE notify karega ki kaun interest subvention benefits ke liye eligible hai.
🔹 PM-USP CSIS aur PM-USP CGFSEL ke existing beneficiaries bhi is portal ke under aayenge.

Documents Required for PM Vidyalaxmi Interest Subvention

Students applying for interest subvention need to submit the following documents:

KYC Details – Aadhaar, PAN, and Address Proof
Self-attested mark sheets of the last qualifying exam
Entrance exam result (if applicable)
Offer letter & fee structure from the institution
Income proof issued by a designated public authority
If these documents were submitted at the time of admission, a certificate from the institution confirming the same is required.

📌 Interest subvention ke liye required documents:

📑 KYC Details – Aadhaar, PAN aur Address Proof
📜 Pichle exam ki self-attested mark sheets
🎯 Agar applicable ho toh entrance exam result
🏫 Institution ka offer letter aur fee structure
💰 Income proof jo designated public authority se milta hai
✅ Agar yeh documents admission ke time submit kiye gaye hain, toh institution ka confirmation certificate bhi lagega

PM Vidyalaxmi Scheme Family Income Criteria & Definition

For this scheme, family income will be determined by considering the student, father, mother, and spouse (if applicable).

“Is scheme ke liye family income ka calculation student, uske father, mother aur spouse (agar applicable ho) ke basis par hoga.”

PM Vidyalaxmi Scheme List of Eligible Courses

All Graduation and Post-Graduation degree and diploma courses offered by QHEIs are eligible under this scheme.

“Jo bhi Graduation ya Post-Graduation degree/diploma courses Quality Higher Educational Institutions (QHEIs) me available hain, woh sab is scheme ke under aayenge.”

PM Vidyalaxmi Scheme Income Limit & Verification Process

Income proof must be provided by an authorized public authority.
If already submitted at the HEI (Higher Educational Institution), a certificate from the institution must be obtained.
If not submitted earlier, the student must provide an income certificate verified by a designated public authority.
The lending bank will verify the submitted income certificate.
The portal will have system checks to prevent duplicate or excessive claims.

“Income proof ek authorized public authority se lena hoga. Agar pehle se HEI (Higher Educational Institution) me submit kiya hai, toh ek confirmation certificate lena hoga. Agar income certificate pehle nahi diya hai, toh designated public authority se verify karwa ke submit karna padega. Lending bank hi income certificate verify karega. Portal me system checks honge jo duplicate ya extra claims hone se rokega.”

PM Vidyalaxmi Scheme Selection Process – How to Get Education Loan & Benefits

Students need to apply through the PM-Vidyalaxmi portal for loans and interest subvention benefits.
Banks will sanction and disburse the loan based on eligibility criteria.
For interest subvention, income verification will be done before final approval.
If all documents are verified, the financial assistance will be disbursed directly to the student’s account.

“Students ko PM Vidyalaxmi portal ke through loan aur interest subvention benefits ke liye apply karna hoga. Banks eligibility criteria ke basis par loan sanction aur disburse karenge. Interest subvention ke liye income verification zaroori hoga. Agar saare documents verified ho gaye, toh financial assistance directly student ke account me bhej diya jayega.”

PM Vidyalaxmi Scheme 2025 How to Apply

The application process for the PM-Vidyalaxmi Scheme is completely online and designed to be student-friendly. Follow the steps below to apply:

1️⃣ Visit the PM Vidyalaxmi Portal

Go to the official PM Vidyalaxmi portal (The link will be provided in the Important Links section).

2️⃣ Register & Login

New users must register and create their login credentials.
Students who have already registered can log in using their credentials.

3️⃣ Fill in the Application Form

Enter your personal, academic, and financial details accurately.
Upload the required documents as per the guidelines.

4️⃣ Apply for Loan & Interest Subvention

Submit an application for an education loan, which will be sanctioned based on the Quality Higher Educational Institution (QHEI).
Apply for interest subvention benefits by submitting a self-declaration.

5️⃣ Verification & Approval

The bank and authorities will verify the submitted documents.
The loan approval and fund disbursement status will be updated on the portal.

6️⃣ Final Confirmation & Disbursement

Once the approval process is completed, the loan amount will be disbursed.
Interest subvention benefits will be transferred directly to the student’s account.

This streamlined online process ensures that students can pursue higher education without financial burdens.

“PM Vidyalaxmi Scheme ke liye apply karne ka process poori tarah se online aur student-friendly hai. Yahan step-by-step process diya gaya hai:”

1️⃣ PM Vidyalaxmi Portal Visit Karein

Official PM-Vidyalaxmi portal par jayein. (Link Important Links section me diya jayega.)

2️⃣ Registration & Login

New User Registration karein aur login credentials create karein.
Pehle se registered students login karein.

3️⃣ Application Form Fill Karein

Personal, academic aur financial details bharni hogi.
Required documents upload karein.

4️⃣ Loan & Interest Subvention Apply Karein

Education loan ke liye apply karein, jo QHEI ke basis par sanction hoga.
Interest subvention benefits ke liye self-declaration submit karein.

5️⃣ Verification & Approval

Bank aur authorities documents verify karenge.
Loan approval aur fund disbursement ka status portal par update hoga.

6️⃣ Final Confirmation & Disbursement

Jab approval process complete hoga, loan amount disburse kiya jayega.
Interest subvention benefits bhi directly account me transfer honge.

“Ye process students ke liye asaan aur hassle-free hai, taki wo apni higher education bina kisi financial burden ke complete kar sakein.”

PM Vidyalaxmi Scheme Application Link

Below is the table containing the official apply link and other important resources:

Purpose	Link
Official PM-Vidyalaxmi Portal	Apply Here
PM-Vidyalaxmi Scheme Guidelines	Download PDF

Must Read:

PM Vidyalaxmi Scheme 2025 FAQs–

What is the PM Vidyalaxmi Scheme and who can apply?

The PM-Vidyalaxmi Scheme is a government-backed education loan program designed to provide financial assistance to students pursuing higher education in Quality Higher Educational Institutions (QHEIs). Indian students who have secured admission to eligible institutions and meet the income criteria can apply.

What are the benefits of the PM Vidyalaxmi Scheme?

The scheme offers education loans without collateral or a guarantor, with no upper limit on the loan amount. Additionally, students from families with an annual income of up to ₹8 lakh can get 3% interest subvention on loans up to ₹10 lakh. Loans up to ₹7.5 lakh also receive a 75% credit guarantee.

How can I apply for the PM Vidyalaxmi education loan?

Students can apply online through the official PM Vidyalaxmi portal by registering, filling in personal and academic details, and uploading the required documents. The loan application is processed digitally, and students can also apply for interest subvention benefits through the same platform.

What documents are required for applying under the PM Vidyalaxmi Scheme?

Students need to submit the following documents:
KYC Details – Aadhaar, PAN, and Address Proof
Previous Exam Mark Sheets (Self-attested)
Entrance Exam Result (if applicable)
Offer Letter & Fee Structure from the Institution
Income Proof from a designated public authority
Institution Confirmation Certificate (if documents were already submitted during admission)