Hello friends, it is the right of every youth to get education, but due to financial difficulties many meritorious students are deprived of higher education. Keeping this in mind, the central government has launched PM Vidya Lakshmi Yojana. The aim of this scheme is to provide education loan without guarantee to the students so that they do not feel any kind of financial hindrance in their education.
PM Vidya Lakshmi Education Loan Yojana 2024 Overview
Name of Scheme | PM Vidhya Lakshmi Yojana 2024 |
Eligibility | Citizen of India Family Income upto 8 Lakhs Students of NIRF Colleges |
Mode of Application | Online |
Benefit | Loan upto Rs. 10 lakhs |
List of Colleges | Available on Official Website |
Department | Education Department of India |
Year | 2024 |
Launched by | Central Government |
Pm vidya lakshmi education loan amount
- The government has launched a new loan scheme for students under the “Pradhan Mantri Vidyalakshmi Yojana”, which aims to help the country’s teenagers and youth to pursue higher education without the hindrance of their financial status.
- The scheme was approved in a cabinet meeting held on November 6, 2024 under the chairmanship of Prime Minister Narendra Modi. Under this scheme, loans of up to 10 lakh rupees will be made available to students without guarantee. More than 22 lakh students studying in top 850 educational institutions of the country will benefit from this scheme.
- Pradhan Mantri Vidyalakshmi Yojana can prove to be very useful for students, especially those whose financial condition is becoming a hindrance to studies.
PM Vidya Lakshmi Scheme Portal college list, PDF download
PM Vidya Lakshmi Yojana Eligibility Criteria
- Must be a student: Only students will get the benefit of this scheme.
- Income limit: The benefit of the scheme will be given to only those students whose family’s annual income is less than ₹ 8,00,000.
- Eligibility of the institute: The institutes in which the student should be enrolled should meet the following criteria:
- The institute should be ranked in the All India 100 in NIRF (National Institutional Ranking Framework) or should be ranked in the top 200 at the state level.
- The institute should be a government one.
How to apply for PM Vidya Lakshmi Yojana ?
To take a loan under PM Vidya Lakshmi Yojana, the student has to go to the official website vidya lakshmi.co.in and apply. Students should have a 50% pass in 10th and 12th to apply. Along with this, a letter from the college in which you are taking admission will also come. After that verification will be done. Only after that, the benefit of the scheme will be given to the concerned students.