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Vidyalakshmi Scheme 2024 – Apply Online for Education Loan @vidyalakshmi.co.in

Vidyalakshmi Scheme 2024: The Indian government has introduced the Vidyalakshmi Scheme 2024 to facilitate education loans for students. This scheme aims to assist students seeking funding to study in India or overseas. The Vidyalakshmi Portal provides information about 139 education loan programs offered by 45 Indian banks, making it a unique and valuable resource for students looking for education loans.

Key Highlights of the Vidyalakshmi Scheme 2024

Name of the schemeVidyalakshmi Scheme 2024
Launched byThe India Government
ObjectiveTo provide online loan facility to the students
BeneficiariesEvery Indian Students
Application modeBoth offline and online
Official websiteVidyalakshmi Portal

Objective of Vidyalakshmi Scheme 2024

The Indian government has launched the Vidyalakshmi Scheme 2024 to facilitate education loans for students. This scheme is designed to help students seeking funding for their studies in India or overseas. The Vidyalakshmi Portal offers information on 139 education loan programs provided by 45 Indian banks, making it a unique and valuable resource for students in need of education loans.

In August 2015, the Indian government created the Vidya Lakshmi Portal to address this problem with students. Vidya Lakshmi is a first-of-its-kind portal for students searching for an education loan. The students will be assisted through all their journeys while applying for the scheme.

Benefits of the Vidyalakshmi Scheme 2024

The Vidyalakshmi Scheme’s primary goal is to provide educational loans to students who wish to pursue higher education. This program benefits students seeking financial assistance to study either in India or overseas. The Vidyalakshmi Portal offers details about 139 student loan programs provided by 45 Indian banks, helping many students fund their dream of studying abroad.

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Comparing and evaluating the various student loan options available to international students can be challenging. To address this issue, the Indian government launched the Vidyalakshmi Portal in August 2015. As a first-of-its-kind portal for students seeking education loans, Vidyalakshmi offers comprehensive support throughout the application process.

Eligibility Criteria Vidyalakshmi Scheme 2024

  1. The applicant should be a resident of India.
  2. The applicant should be a student.
  3. The applicant should have passed the 12th grade.

Required Documents Vidyalakshmi Scheme 2024

  • Aadhar card
  • Marksheet
  • Bank details
  • Photograph
  • Phone number
  • Income certificate

How to Apply for the Vidyalakshmi Scheme 2024

  1. Visit the Portal: Go to the official Vidyalakshmi Portal at www.vidyalakshmi.co.in.
  2. Register: Click on the ‘Register’ button and fill in the required details to create an account.
  3. Login: After registration, log in to the portal using your credentials.
  4. Fill the Common Education Loan Application Form (CELAF): Complete the CELAF form available on the portal. This form can be used to apply to multiple banks for education loans.
  5. Choose Loan Schemes: Browse through the various education loan schemes offered by different banks. Select the loan schemes that best suit your needs.
  6. Apply: Submit your completed CELAF form to the banks of your choice.
  7. Track Application: You can track the status of your loan applications through the portal.
  8. Support: For any assistance, you can contact the helpdesk available on the Vidyalakshmi Portal.

Make sure to have all necessary documents, such as proof of identity, proof of residence, academic records, and any other documents required by the bank, ready for submission.

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Helpline For Vidyalakshmi Scheme 2024

Tel – 020-2567 8300

Vidyalakshmi Scheme 2024 - Apply Online for Education Loan @vidyalakshmi.co.in

Working Hours- Monday to Saturday – 9:30 am to 6:00 pm

FAQ’s Of Vidyalakshmi Scheme 2024

What is the Vidyalakshmi Scheme?

Answer: The Vidyalakshmi Scheme is an initiative by the Indian government to provide educational loans to students pursuing higher education in India or overseas. The scheme offers a centralized portal that provides information on various education loan programs from different banks.

Who is eligible to apply for an education loan under the Vidyalakshmi Scheme?

Answer: To be eligible, the applicant must be a resident of India, a student, and should have passed the 12th grade.

How can I apply for an education loan through the Vidyalakshmi Portal?

Answer: To apply, visit the Vidyalakshmi Portal, register, fill out the Common Education Loan Application Form (CELAF), choose loan schemes from different banks, and submit the form. You can also track your application status through the portal.

What documents are required for applying for an education loan through the Vidyalakshmi Scheme?

Answer: Required documents typically include proof of identity, proof of residence, academic records, admission letter from the educational institution, income proof of parents/guardians, and any other documents specified by the bank.

Can I apply to multiple banks for an education loan through the Vidyalakshmi Portal?

Answer: Yes, you can apply to multiple banks using the Common Education Loan Application Form (CELAF) available on the Vidyalakshmi Portal. This form allows you to apply to several banks simultaneously, making the process more convenient.

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