Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. 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.
Lakshmi portal.Find a Suitable Education Loan on : www.vidyalakshmi.co.in
Students are required to complete sign up process to register on Vidya Lakshmi portal. Only Students who have completed "Sign up" / "Registration" process can apply for educational loan through Vidya
Students are required to complete sign up process to register on Vidya Lakshmi portal. Only Students who have completed "Sign up" / "Registration" process can apply for educational loan through Vidya Lakshmi portal.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. Yet, today less than 5% of our potential workforce gets formal skill training to be employable and stay employable. With a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, I propose to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram. We will ensure that no student misses out on higher education for lack of funds. The IT based mechanism under the Pradhan Mantri Vidya Lakshmi Karyakram is expected to provide to students a single window electronic platform for Scholarships and Educational Loans."
1. What are the features of Vidya Lakshmi Portal?
Vidya Lakshmi Portal provides single window for Students to access information and make application for Educational Loans provided by Banks and Govt Scholarships. It has the following features:
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. 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.
3. How will I know once Education Loan is approved?
The Bank will update the status of the application on Vidya Lakshmi portal. Students can view the status of the application on the applicant's dashboard on the portal.
4. How is the money/educational loan disbursed?
Approved Educational Loan of an applicant will be disbursed directly by the bank outside the Vidya Lakshmi Portal. To know more, contact the bank you have selected.
5. Which are the banks I can apply for Educational loan through Vidya Lakshmi portal?
To view the list of registered banks on Vidya Lakshmi, Please see at the bottom of Home page.
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Lakshmi portal.Find a Suitable Education Loan on : www.vidyalakshmi.co.in
Students are required to complete sign up process to register on Vidya Lakshmi portal. Only Students who have completed "Sign up" / "Registration" process can apply for educational loan through Vidya
Students are required to complete sign up process to register on Vidya Lakshmi portal. Only Students who have completed "Sign up" / "Registration" process can apply for educational loan through Vidya Lakshmi portal.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. Yet, today less than 5% of our potential workforce gets formal skill training to be employable and stay employable. With a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, I propose to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram. We will ensure that no student misses out on higher education for lack of funds. The IT based mechanism under the Pradhan Mantri Vidya Lakshmi Karyakram is expected to provide to students a single window electronic platform for Scholarships and Educational Loans."
1. What are the features of Vidya Lakshmi Portal?
Vidya Lakshmi Portal provides single window for Students to access information and make application for Educational Loans provided by Banks and Govt Scholarships. It has the following features:
- Information about Educational Loan Schemes of Banks
- Common Educational Loan Application Form for Students
- Apply to multiple Banks for Educational Loans
- Facility for Banks to download Students Loan Applications
- Facility for Banks to upload loan processing status
- Facility for Students to email grievances/queries relating to Educational Loans to Banks
- Linkage to National Scholarship Portal for information and application for Govt Scholarships.
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. 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.
3. How will I know once Education Loan is approved?
The Bank will update the status of the application on Vidya Lakshmi portal. Students can view the status of the application on the applicant's dashboard on the portal.
4. How is the money/educational loan disbursed?
Approved Educational Loan of an applicant will be disbursed directly by the bank outside the Vidya Lakshmi Portal. To know more, contact the bank you have selected.
5. Which are the banks I can apply for Educational loan through Vidya Lakshmi portal?
To view the list of registered banks on Vidya Lakshmi, Please see at the bottom of Home page.
1 comments:
Write commentsThank you for sharing such great information. It has help me in finding out more detail about Student Loans In India!
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