Government offers Rs 15 Lakh Education Loan Scheme for Students

Facing financial hurdles in pursuing higher education?

The Government of India’s PM Vidya Lakshmi Education Loan Yojana, initiated in 2015, presents a solution.

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This scheme enables any Indian citizen to easily secure a bank loan to fund their higher studies.

Don’t let financial constraints hinder your academic aspirations – seize the opportunity provided by this scheme.

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Loan Details

Loan Amount

Students can avail themselves of an education loan up to Rs 7.5 lakh under this government initiative. For those aspiring to study abroad, the loan limit extends to Rs 15 lakh.

Accessing Information

Head to the official website for comprehensive details on scholarships and education loans under the Pradhan Mantri Vidya Lakshmi Yojana. Here, you can also initiate the loan application process.

Application Process

Online Registration: Begin by registering and logging in to the Vidya Lakshmi portal. From there, proceed to fill out the Common Education Loan Application (CELAF), providing all necessary details.

CELAF simplifies the application process by allowing you to apply for education loans from multiple banks through a single form, issued by the Indian Banks Association (IBA).

Loan Options: Choose from 22 types of loans offered by 13 participating banks. Ensure you have essential documents such as Aadhar card, voter ID or PAN card, passport-sized photos, address proof, parents’ income certificate, and photocopies of high school and intermediate mark sheets.

Additionally, furnish the admit card of your chosen institute, detailing course expenses and duration.

Take Charge of Your Education Financing

Don’t let financial constraints hinder your academic pursuits. With the PM Vidya Lakshmi Education Loan Yojana, access hassle-free funding for your higher studies and propel yourself towards a brighter future.

Apply now and unlock the doors to endless opportunities in education.

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