EducationFinancial Assistance
PM-Vidyalaxmi (Education Loan)
Ministry of Education (Dept. of Higher Education)
Collateral-free, guarantor-free education loans through a single application routed to multiple banks, for students at quality higher-education institutions.
Eligibility criteria
- Currently a student
- Admitted to a Quality Higher Education Institution (top-100 NIRF, or state HEIs ranked 101–200)
Note: The 3% interest subvention is for students with annual family income up to ₹8 lakh. Eligible institutions are determined by NIRF ranking. Verify institution eligibility on the portal.
Documents required
- Aadhaar
- Admission letter to an eligible institution
- Fee structure
- Income proof (for subvention)
- Academic records & bank KYC
How to apply for PM-Vidyalaxmi (Education Loan)
- 1Confirm you meet the eligibility criteria (use the eligibility checker below).
- 2Keep the required documents ready: Aadhaar, Admission letter to an eligible institution, Fee structure, Income proof (for subvention), Academic records & bank KYC.
- 3Apply on the official portal — https://www.pmvidyalaxmi.co.in — or through the channel it specifies.
- 4Note the deadline: Open — portal live year-round.
Not sure if you qualify for PM-Vidyalaxmi (Education Loan)?
Check My Eligibility →Related schemes
- PM-KISAN (Pradhan Mantri Kisan Samman Nidhi)
- Kisan Credit Card (KCC)
- Ayushman Bharat PM-JAY
- Post-Matric Scholarship for SC Students