The PM Vidyalaxmi Scheme 2025, launched by the Government of India, is a revolutionary education loan scheme designed to support deserving students who aspire to pursue higher education in India. This initiative provides collateral-free and guarantor-free education loans to students admitted to top-ranked Higher Education Institutions (HEIs) under the National Institutional Ranking Framework (NIRF). The scheme covers full tuition fees along with essential course-related expenses, ensuring that financial barriers do not limit the future of talented students.
Families with an annual income of up to ₹8 lakh can avail of a 3% interest subsidy during the moratorium period, reducing the repayment burden. Moreover, for education loans up to ₹7.5 lakh, the government offers a 75% credit guarantee, motivating banks to extend loans without hesitation. With the potential to benefit more than 22 lakh students annually, the PM Vidyalaxmi Scheme 2025 empowers young minds by making quality higher education more affordable and accessible across India. If you are planning to apply, visit the official portal today to check eligibility, required documents, and start your online application for the PM Vidyalaxmi Education Loan Scheme 2025.
PM Vidyalaxmi Scheme
About PM Vidyalaxmi Scheme?
The PM Vidyalaxmi Scheme 2025, launched by the Government of India, is a flagship initiative to ensure that deserving students can pursue higher education in top-ranked Indian institutions without facing financial barriers. Under this scheme, students admitted to Higher Education Institutions (HEIs) listed in the National Institutional Ranking Framework (NIRF) are eligible for collateral-free and guarantor-free education loans that cover tuition fees and other essential academic expenses. Families with an annual income of up to ₹8 lakh can benefit from a 3% interest subsidy during the moratorium period, easing their financial burden, while loans up to ₹7.5 lakh come with a 75% government-backed credit guarantee to encourage smooth disbursement by banks.
Designed to benefit over 22 lakh students every year, the scheme makes quality higher education more accessible, transparent, and student-friendly. With a simplified online application process, students can easily apply, check eligibility, and upload required documents. If you are aspiring for higher studies, don’t miss the opportunity — apply online for the PM Vidyalaxmi Scheme 2025 today and secure your future through affordable education loans.
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PM Vidyalaxmi Scheme 2025 Eligibility
The eligibility criteria for PM Vidyalaxmi Scheme 2025 are as follows:
- Indian Nationality – The scheme is applicable only to Indian citizens pursuing higher education in India. Students studying abroad are not eligible under this scheme.
- Family Income Limit – The annual family income of the student must be up to ₹8 lakh to avail benefits like interest subvention and financial assistance.
- Eligible Institutions – Students must be admitted to top-ranked Higher Education Institutions (HEIs) recognized under the National Institutional Ranking Framework (NIRF).
- NIRF Ranking Coverage – The scheme covers both government and private institutions that fall within the Top 100 overall, category-wise, or domain-specific rankings as per NIRF.
- Higher Education Focus – The scheme is specifically designed to support students pursuing higher education in India at reputed institutions.
Required Documents (Expected)
- Aadhaar Card
- College ID Card
- Income Certificate
- Education Certificates and Documents
- Bonafide Certificate
- Bank Account Number
- Photograph
- Mobile Number
- Email ID
Benefits of PM Vidyalaxmi Scheme 2025
Here are the key benefits of the PM Vidyalaxmi Scheme 2025:
- Students can avail education loans without the need for any guarantor or collateral security.
- The scheme is applicable to students enrolled in top-ranked Higher Education Institutions (HEIs) in India as per NIRF Rankings.
- The loan covers the entire tuition fees and additional course-related expenses, ensuring full financial support.
- Students from families with an annual income of up to ₹8 lakh are eligible for a 3% interest subsidy during the moratorium period.
- Loans of up to ₹7.5 lakh come with a 75% credit guarantee, minimizing risk for banks and making loans more accessible.
- This scheme allows students to pursue higher education without financial burden, especially in top institutes.
- It also supports students opting for technical, professional, and skill-based courses in recognized institutions.
Number of Students Benefited under PM Vidyalaxmi Scheme 2025
- Over 22 Lakh Students Annually – The scheme is designed to support more than 22 lakh students every year.
- Targeted Institutions – Eligible students can avail loans for admission into 860 prestigious higher education institutions across India.
- Focus on Higher Education – Special emphasis on providing financial aid for students entering premier colleges and universities.
- Nationwide Coverage – Benefits extend to meritorious students from all states and UTs.
- Annual Financial Assistance – Loans are made available each academic year, ensuring continued support.
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Educational institutions Covered
Educational Institutions Covered under PM Vidyalaxmi Scheme are as follows:
- Top 100 NIRF-Ranked HEIs
- State Government HEIs
- Central Government Institutions
- Approved Technical/Professional Institutions
Loan Amount and Interest Subvention under PM Vidyalaxmi Scheme 2025
- Loan Amount: Eligible students can avail education loans up to ₹10 lakh, covering full tuition fees along with other academic expenses.
- Interest Subvention: Students belonging to families with an annual income of up to ₹8 lakh will receive a 3% interest subsidy during the moratorium period, easing the repayment burden.
Salient Features of PM Vidyalaxmi Scheme 2025
- No Guarantor or Collateral Required – Students can avail education loans without the burden of providing any guarantor or security.
- Covers Complete Education Expenses – The loan includes full tuition fees along with other course-related costs.
- Interest Subvention Benefit – 3% interest subsidy is provided to students belonging to families with an annual income of up to ₹8 lakh.
- Credit Guarantee Facility – 75% guarantee coverage is available for loans up to ₹7.5 lakh, making it easier for banks to approve applications.
- Applicable to Top Institutions – The scheme is valid for students admitted to 860 recognized Higher Education Institutions (HEIs) across India.
- Wide Student Coverage – Expected to benefit more than 22 lakh students every year.
- Simplified Application Process – Students can apply easily through the official PM Vidyalaxmi online portal.
- Focus on Professional Education – Supports candidates pursuing technical, professional, and higher studies in approved institutions.
Also Read: India Young Professionals Scheme
Application Process for PM Vidyalakshmi Scheme 2025
Follow the step-by-step guide below to apply online for the PM Vidyalakshmi Scheme 2025 through the official Vidyalakshmi Portal:
Step 1: Visit Official Portal
- Go to the Vidyalakshmi Portal (https://www.vidyalakshmi.co.in)
Vidyalakashmi Portal
- Ensure you have a stable internet connection before proceeding.
Step 2: Register on the Portal
- Click on “Register” and create your account by entering your name, email ID, and mobile number.
- Verify your account through the OTP sent to your mobile/email.
Step 3: Login to Dashboard
- Use your registered credentials to log in.
- Navigate to the “Search and Apply for Loan/Scholarship” section.
Online Registration Form
Step 4: Select Study Preference
- Choose whether you want to study in India or abroad (overseas education loan).
- Select your course and enter the required loan amount.
Step 5: Choose Preferred Banks
- Select up to three banks of your choice from the available options.
- Read and agree to the repayment terms and conditions carefully.
Step 6: Upload Required Documents
- Upload all necessary documents such as ID proof, admission proof, income certificate, and academic details.
- Ensure all files are scanned clearly and in the required format.
Step 7: Review Application
- Double-check all details filled in the application form.
- Make sure there are no errors in uploaded documents.
Step 8: Submit the Application
- Click on the “Submit” button to complete the process.
- After successful submission, you will receive an application reference number for tracking status.
FAQs – PM Vidyalaxmi Scheme 2025
Q1. What is the PM Vidyalaxmi Scheme 2025?
The PM Vidyalaxmi Scheme 2025 is a government initiative that provides collateral-free education loans along with interest subsidies for deserving students admitted to top-ranked Higher Education Institutions (HEIs) in India.
Q2. Who can apply for the PM Vidyalaxmi Scheme?
Any Indian student who has secured admission to NIRF top-ranked Higher Education Institutions (HEIs) in India is eligible to apply for this scheme.
Q3. What is the maximum loan amount offered under the scheme?
The scheme provides education loans up to ₹10 lakh, covering full tuition fees as well as other course-related expenses.
Q4. Is the PM Vidyalaxmi education loan collateral-free?
Yes the loan is collateral-free and guarantor-free, making it easier for students to pursue higher studies without financial barriers.
Q5. Are there any interest subsidies under the PM Vidyalaxmi Scheme?
Yes, students from families with an annual income of up to ₹8 lakh are eligible for a 3% interest subsidy during the moratorium period.
Q6. Which institutions are covered under the scheme?
The scheme covers students admitted to the top 860 prestigious HEIs in India, as per the NIRF (National Institutional Ranking Framework) rankings.
Q7. How many students are expected to benefit from this scheme?
The scheme is expected to benefit more than 22 lakh students every year, enabling them to access quality education in India’s best institutions.