The government of India released an official portal for the PM Vidya Laxmi Scheme, where all the students who want to apply for loans for their education so they need to visit the portal and get loans and scholarships. Department of Higher Education, Department of Financial Services, and the Indian Bank Association supported this platform. They make a wide range of loan choices from various banks.
If you’re a permanent resident of India and wish to avail the benefits of this portal, then keep reading this article till the end, because in this article, we will discuss the Vidya Laxmi Portal, its objective, benefits, eligibility, ineligibility, required documents, and how to use the PM-Vidya Lakshmi Portal.
What is PM Vidya Laxmi Scheme
The Vidya Laxmi Portal was created for education loans in August 2015. Under this portal government provides loans for education to all the students who are not able to pay their education fees. Through this portal government aims to make a bright future for all economically weaker section students across the country. The government wants to empower students to be Self-reliant and independent. With the help of this portal, all the students can easily continue their studies without any financial worry. This portal also provides scholarships to all the eligible beneficiaries across the country.
Objective Of PM Vidya Laxmi Scheme
The main purpose of this program is to provide loans and scholarships to all the students who are not able to pay their education fees. This scheme aims to provide better and higher education to all the students who belong to the economically weaker section across the country so they can make their brighter future. Through the financial support, all the students can afford their educational expenses such as tuition fees, accommodation, books, stationery, and various necessary costs associated with pursuing better and higher education.
Benefits Of Pradhan Mantri Vidya Laxmi Scheme
- The main purpose of this program is to provide loans and scholarships to all the students who are not able to pay their education fees.
- This scheme aims to provide better and higher education to all the students who belong to the economically weaker section across the country so they can make their brighter future.
- Through the financial support, all the students can afford their educational expenses such as tuition fees, accommodation, books, stationery, and various necessary costs associated with pursuing better and higher education.
- The government wants to empower students to be Self-reliant and independent
- With the help of this portal, all the students can easily continue their studies without any financial worry.
Short overview Of PM Vidya Laxmi Scheme
| Scheme Name | PM Vidya Laxmi Portal |
| Launched by | Government of India |
| Year | 2025-26 |
| Objective | The main purpose of this program is to provide loans and scholarships to all the students who are not able to pay their education fees. |
| Scheme type | Social Welfare Scheme |
| Target Beneficiaries | This scheme is created for all the students who are unable to pay their educational fees across the state. |
| Application Mode | Online |
| Official Portal | – |
How to Use the PM Vidya Laxmi Scheme Portal?
- Firstly, applicants need to visit the official portal at PM Vidya Laxmi Portal.
- After that, applicants need to locate and click on the Create an Account option.
- Now, applicants can register on the portal by using a password and a Login ID.
- After that, the two separate OTP will be notified on the applicant’s phone number and Email. Applicants need to enter both the OTP in their given section and click on the Submit button.
- Now, applicants need to click on the login option and select the “Student Login“
- After that, applicants need to enter the important details, they created during the PM Vidya Laxmi Registration Process.
- Now applicants once logged in, then they will be directed to the PM Vidya Laxmi dashboard.
Eligibility Criteria
- Applicants must be permanent residents of India
- Applicants must be students
- Applicants must have a completion certificate of 10+2
- Applicants must belong to the economically weaker section
Ineligibility Criteria
- Applicants belong to another country
- Applicants must not be students
- Applicants don’t have a 10+2 completion certificate
- Applicants don’t belong to the economically weaker section
PRADHAN MANTRI VIDYALAXMI (PM-Vidyalaxmi) SCHEME GUIDELINES
FAQs
Which government launched this program
The government of India launched this program
Who is eligible for this scheme?
All the students who are unable to pay their educational fees
What are the benefits of this program?
The government provides education loans and scholarships to all the eligible students across the country.
Khushi Singh
Khushi Singh is a content writer with 3 years of experience in government schemes. She writes simple and helpful articles that guide people to understand and benefit from public welfare programs.