Key features
- Collateral-free and guarantor-free education loans for students admitted to eligible quality higher education institutions.
- 75% credit guarantee to banks on loans up to ₹7.5 lakh.
- 3% interest subvention on loans up to ₹10 lakh during the moratorium period for students with family income up to ₹8 lakh a year (not covered under other schemes).
How to apply
- Apply on the PM Vidyalaxmi portal, which connects you to participating banks.
- Keep the admission letter, fee structure, income certificate and identity documents ready.
- Check whether your institution is on the eligible list on the portal.
Official source
Check the latest rules, benefits and forms here. KisanPe is an independent platform and is not a government website.
PM Vidyalaxmi portal ↗Related on KisanPe
Common questions
Do I need collateral for a PM Vidyalaxmi loan?
No. Loans are collateral-free and guarantor-free for eligible students and institutions.
Who gets the 3% interest subvention?
Students with family income up to ₹8 lakh a year, on loans up to ₹10 lakh, if not covered under other government schemes.
Which colleges are eligible?
Quality higher education institutions as defined in the scheme (based on rankings); see the list on the official portal.
General guidance, not personal advice. For your farm, ask your local Krishi Vigyan Kendra or agriculture officer.
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