PM Vidya Lakshmi Yojana 2025: Hello friends, the Government of India has come up with PM Vidya Lakshmi Yojana 2025 to provide financial assistance to students wishing to pursue higher education. Under this scheme, students from economically weaker and poor families will be provided education loan up to ₹ 10 lakh without any guarantee , so that they can build their bright future.
If you also want to take advantage of this scheme, then in this article we are going to give you complete information about PM Vidya Lakshmi Yojana 2025. In this , the application process, necessary documents, eligibility conditions, and its benefits will be explained in detail. So read this article carefully till the end.
PM Vidya Lakshmi Yojana 2025 : Overview
| Article name | PM Vidya Lakshmi Yojana 2025 |
| Type of article | Government scheme |
| Benefit | Loan for higher education for all students |
| Loan Amount | Upto 10 Lakh |
| Guarantee | without guarantee |
| application procedure | Read this article. |
Objective of PM Vidya Lakshmi Yojana 2025
The main objective of Pradhan Mantri Vidya Lakshmi Yojana is to provide financial assistance to the students of the country to get quality education . Many students are unable to get higher education due to financial constraints, but through this scheme they will get a loan of up to Rs 10 lakh without guarantee .
The scheme has been made transparent and simple through a digital platform , making the process of applying easier.
Features of PM Vidya Lakshmi Yojana 2025
- Simple and transparent process: The scheme will be operated through a digital portal, making it easier to apply.
- Loan without guarantee: Students will get education loan up to ₹10 lakh without any guarantee.
- Interest Subsidy: Students whose family annual income is less than ₹8 lakh and who are not availing other government scholarship schemes will be provided 3% interest subsidy .
- Long-term plan: The government has set a budget of ₹3,600 crore for this scheme , which will be implemented from 2024-25 to 2030-31 . More than 7 lakh students will benefit from this.
- Apply Online: Students can apply by visiting PM Vidyalakshmi Portal and request for interest subsidy.
Benefits of PM Vidya Lakshmi Yojana 2025
Under this scheme, students will get many benefits, which are as follows:
- All eligible students can apply: Students from any state of India can avail the benefits of this scheme.
- Loan without any guarantee: Students will not be required to provide any kind of guarantee to pursue education.
- Relief to economically weaker students: Families whose annual income is less than ₹8 lakh can apply under this scheme.
- Government Support: This scheme is fully supported by the Central Government, which will provide safe and reliable loan facility to the students.
- Opportunity for quality education: Under this scheme, students can easily get higher education and improve their career.
From which banks can you get loan under PM Vidya Lakshmi Yojana 2025 ?
Students can avail education loan from various government and private banks through Vidya Lakshmi portal . Below is the list of banks that provide education loan under this scheme:
1. Public Sector Banks
- State Bank of India (SBI) – Student Loan Scheme, Global Ed-Vantage Scheme, Scholar Loan Scheme, Skill Loan Scheme.
- Bank of Baroda – Baroda Gyan, Baroda Scholar, Baroda Education Loan, Skill Loan Scheme, Loans for Executive Development Programmes.
- Punjab National Bank (PNB) – PNB Kaushal, PNB Saraswati, PNB Pratibha, PNB Flight.
- Union Bank of India – Union Education Loan.
- Bank of India – Bank of India Education Loan.
- Canara Bank – IBA Model Education Loan Scheme.
- Indian Bank – Revised IBA Educational Loan Scheme, IB Skill Development Loan.
2. Private Sector Banks
- Axis Bank – Education Loan.
- HDFC Bank – HDFC Fed Scholar Loan.
- ICICI Bank – Vidya Siddhi Loan.
- Kotak Mahindra Bank – Kotak Education Loan.
- Yes Bank – Yes Education Loan.
3. Cooperative Banks
- Abhyudaya Cooperative Bank – Gyanvardhini Education Loan.
- Dombivli Nagari Sahakari Bank – Vidyavardhini Education Loan.
- New India Cooperative Bank – Vidya Vikas Loan Scheme.
4. Other banks and financial institutions
- Federal Bank – Suvidya Education Loan.
- IDBI Bank – Vocational Course Education Loan, Education Loan for Management Quota Students, Loan for Physically Challenged Students.
- Central Bank of India – Cent Vidyarthi Education Loan.
- Syndicate Bank – Syndvidya, Syndsupervidya, Skill Loan Scheme.
- Vijaya Bank – Education Loan, Skill Loan Scheme for Management Quota Students.
Students can visit Vidya Lakshmi Portal to get complete information about the schemes of these banks and can apply online.
Eligibility for PM Vidya Lakshmi Yojana 2025
If you want to avail the benefits of this scheme, you must fulfil the following eligibility conditions:
- Must be an Indian citizen
- The annual income of the student’s family should be less than ₹8 lakh
- The student must take admission in a recognized institute or university
- Priority will be given to students taking admission in top 100 institutes in NIRF ranking
Documents Required for PM Vidya Lakshmi Yojana 2025
You will need the following documents when applying online:
- Aadhar card
- PAN card
- Bank Account Passbook
- School/College ID card
- Income Certificate
- Address proof
- Caste Certificate (if applicable)
- Active mobile number
- Passport size photo
How to Apply Online PM Vidya Lakshmi Yojana 2025
To apply under this scheme, you have to follow some easy steps:
Step 1: Register and get login
- Visit the official website of PM Vidyalakshmi Portal .
- Click on “Apply Now” option on the home page .
- A new registration page will open, fill in all the required information.
- Click on the Submit button.
- After completion of registration, you will get a login ID and password , keep it safe.
Step 2: Login and fill the application form
- Login to the portal .
- Fill the application form carefully.
- Scan and upload the required documents .
- Submit the form and get its receipt.
- Keep the receipt safe for future reference.
PM Vidya Lakshmi Yojana 2025 : Important Links
| Apply | Click here |
| Notification | Click here |
| Official website | Click here |
conclusion
PM Vidya Lakshmi Yojana 2025 of the Government of India can prove to be a boon for those students who are not able to pursue higher education due to financial difficulties . Under this scheme, a loan of up to ₹ 10 lakh is being given without guarantee, which will give the students an opportunity to get quality education.
If you also want to take advantage of this scheme, then apply online at PM Vidyalakshmi Portal as soon as possible and make your dreams come true.
Important questions related to PM Vidya Lakshmi Yojana 2025
- What is the maximum loan amount available under PM Vidya Lakshmi Yojana? Under this scheme, students can avail education loan up to ₹10 lakh without any guarantee .
- Are all students eligible for this scheme? Yes, any Indian student can avail the benefits of this scheme, but students who are getting other government scholarships will not be eligible for this scheme.
- What is the objective of PM Vidya Lakshmi Yojana? The objective of this scheme is to ensure that no student in India is deprived of education due to financial crisis .
4. What is the process to apply for the scheme? Students have to apply online by visiting PM Vidyalakshmi Portal and upload the required documents.