PM Vidya Lakshmi Yojana 2024 Registration, Benefits, Eligibility & How To Apply

Recently launched a scheme by the Union Cabinet Ministry of India for the welfare of adolescents. On 6th November Prime Minister Narendra Modi enacted the PM Vidya Lakshmi Yojana 2024 to give financial support to the children so that they don’t stop their higher education because of financial crunch. The programme has its own portal. The candidate has to register and apply for a loan facility after reading the eligibility criteria. The PM Vidya Lakshmi Portal 2024 is an effortless loan application submission app. The portal includes 38 private and government banks. The main benefit is this education loan is collateral and guarantee free. The government will grant education loans up to 10 lakh rupees at nominal rate of interest set by RBI. The rate of interest may vary bank to bank but you can check it under one roof. For more details check the official website of PM Vidya Lakshmi Yojana https://www.vidyalakshmi.co.in/.

PM Vidya Lakshmi Yojana 2024

It’s an amazing initiative taken by the government of India to assist the young generation economically. The government will provide the loans to the students who want to study further after clearing the 12th class or equivalent from the recognised board. The prime minister of India enforced the PM Vidya Lakshmi Yojana 2024 to ease education loans. The loans can be applied for studying in India or Abroad. The students who have cleared the entrance and taken the admission in recognised university are eligible to apply for loan under PM Vidya Lakshmi Programme 2024. The PM Vidya Lakshmi Portal 2024 is available to all eligible candidates and following hassle free steps one can apply for education loan. The motive behind the programme is that no child who is competent should be deprived of education. The portal is providing unsecured loans and without guarantee. If any child is unable to repay the loan the government will bear the loss. The interest rates are defined by RBI. Education is the most important asset of oneself, so to help the lower middle class families the government opened the scheme PM Vidya Lakshmi Scheme 2024. The banks will not charge any processing fee and no other hidden charges.

Highlights : PM vidyalakshmi.co.in 2024 Registration Form

Scheme Name	PM Vidya Lakshmi Yojana 2024
Date of Launch	6th November 2024
Yojana Enforced By	PM Narendra Modi
Beneficiary	Students
Type of Yojana	Loan
Number of Banks	38
Eligibility	10+2 pass
Loan Amount	Up to 10 lakhs
Official Link	https://www.vidyalakshmi.co.in/

Who is Eligible for vidyalakshmi.co.in PM Vidya Lakshmi Scheme 2024?

The government launched the scheme for the students who want to pursue their higher studies in India or Abroad, but due to lack of financial support they might drop and start working at a lower level. For the benefits of those talented children the Union Cabinet started the facility to provide loans to them without depositing any collaterals and guarantee. Check whether you are eligible for PM Vidya Lakshmi Yojana 2024

1. The applicant must be Indian
2. The candidate must have got the admission in Quality Higher Education
3. The Family annual income of the aspirant must be equivalent or lower than 4.5 lakh
4. The student must have a Passing Degree of 12th standard or education equivalent to it.
5. If a student applied for foreign education he/she must have the admission letter from a recognised university or college.

Check the benefits of PM Vidya Lakshmi Portal 2024

The PM Vidya Lakshmi Scheme 2024 is established for the welfare of the students to continue their education without any financial  bearers. 

• Under one portal the applicant can select the three bank of his/her choice
• The PM Vidya LakshmiProgramme 2024 will reduce the education financial stress on family and as well as on child
• 38 recognised banks are registered under PM Vidya Lakshmi Portal 2024
• Because of this portal the applicant need not to visit physically at the bank
• The PM Vidya Lakshmi Portal 2024 is one touch one go application
• The documents and loan application form will be online portal
• The nominal rate of interest than applying directly with a bank for loan 
• Under one application the applicant can check the offers of 38 banks.
• Zero loan processing fee

What is the PM Vidya Lakshmi Yojana 2024 Registration Process?

Before following the steps to apply one has to register him/herself on the portal.Check simple steps to register for PM Vidya Lakshmi Yojana 2024

1. Open the official website of PM Vidya Lakshmi Yojana https://www.vidyalakshmi.co.in/  
2. Click on create account
3. Add your valid credentials
4. Fill the Captcha correctly
5. Now click on submit button
6. You are successfully registered.
7. Ready to apply.

How to apply for PM Vidya Lakshmi Yojana 2024?

After registering yourself on the PM Vidya Lakshmi Portal 2024, you can easily apply for education loan by following the trouble free steps:

• Open the official link https://www.vidyalakshmi.co.in/ of PM Vidya Lakshmi Yojana 2024 account with your registration ID and Mobile Number OTP 
• Now click on apply now
• PM Vidya Lakshmi Scheme 2024 application for will open in front of you
• Fill the Form 
• Choose the banks carefully
• And select the education country
•  and attach the mandatory authentic Documents
• Click on submit button
• Your application is successfully submitted
• Now wait for the confirmation from the banks.

Check the Documents Needed to Apply For PM Vidya Lakshmi Yojana 2024

• Aadhar card (Phechan Patar)
• Pan Card 
• Two Photographs(Passport size
• 10th and 12th passing certificates
• Entrance cleared record
• Admission letter
• Valid passport if apply for abroad study
• Valid offer letter from college or university of the country you applied

FAQs related to PM Vidya Lakshmi Yojana 2024