Recently the Prime Minister of India Narendra Modi approved an education loan initiative named PM Vidyalaxmi Education Loan Scheme 2025 under which the authorities aims to provide all the expenses and fees of eligible students education. Under this scheme, the government aims to provide education assistance to all those students who have secured admissions in top 860 higher education institutions that are listed by the national institutional ranking framework (NIRF).

With the help of this scheme, students will be able to get their desired courses without worrying about the financial expenses of their education. All those candidates who are eligible and want to get benefits under this scheme they can visit the official website of the scheme and fill out the application form online.
What is PM Vidyalaxmi Education Loan Scheme 2025
Through the prime minister narendra modi’s initiative a new scheme has been which is the PM Vidyalaxmi Education Loan Scheme 2025. By this amazing initiative the government of india will take out all the financial expenses of the student like fees of the opted course by the student. All the students who are in the institutes which are in the top 860 best higher institute which are listed in the (NIRF) National Institutional Ranking Framework are eligible for this amazing scheme.
Key Highlights of the Vidyalakshmi Scheme
Name of the scheme | Vidyalakshmi Scheme |
Launched by | The India GovernmentGovernment Loans |
Objective | To provide online loan facility to the students |
Beneficiaries | The Indian Students |
Application mode | Both offline and online |
Official website | Vidyalakshmi Portal |
PM Vidyalaxmi Education Loan Interest Rate
In this loan their is no any fixed interest rate for the loan its totally depend on the education and the student opted couse by the student. But the interest rate is vary from the 8.40% to the 18% its totally depend on the students opted course type.
About Vidyalaxmi Portal
Vidyalaxmi Portal is the first helpful portal for students who want to study but they dont have financial support to pay and study in the desired institute or college for those students the government of india has decided to give them a full support to the student for their higher studies. Department of Financial Services (Ministry of Finance), Department of Higher Education (Ministry of Education) and Indian Banks Association (IBA) have takes his all responsibility for the student who wants to take a loan and study their desired course.
Eligibility Criteria
- Students should be permanent citizens of India.
- Those students who are eligible and study in the top 860 higher institutes.
- Students from all income groups are eligible to apply under this initiative.
- Those students who have already received benefits from other education loan initiatives are not eligible to apply.
Required Documents
- Aadhar Card
- Score Card
- 10th and 12th Marksheet.
PM Vidyalaxmi Education Loan Scheme 2025 Apply Online
STEP 1- The students who want to apply to this Initiative have to visit the official website.
STEP 2- On the homepage locate the “Apply now” option.
STEP 3- on the next page the student has to fill in all the required documents and details.
STEP 4- now upload all the required documents in the proper way they said.
STEP 5- Now recheck the entered details you enter in the application form.
STEP 6- after that, the department will review the application form and if you are eligible with all categories the department approve the application form.
Helpline Number
- Telephone Number :- 020-2567 8300
- Email Id :- vidyalakshmi@proteantech.in
FAQ’s
Who launched this PM Vidyalaxmi Scheme 2025?
Our prime minister Narendra Modi will launch this amazing scheme.
What are the benefits the Government will provide to all the student beneficiaries?
the government will take all the financial responsibilities.
Who is eligible under this PM Vidyalaxmi Education Loan Scheme?
All those students who have secured admission in the top 860 quality higher educational institutions.