PM Vidya Lakshmi Education Loan Yojana 2024: Vidya Lakshmi Yojana has been started by the central government to encourage students towards education. Under this scheme, the government is providing loan facility to the students for higher education. Mainly under this scheme, loans are being provided to the students of poor and economically weaker section families under this scheme.At present, there are lakhs of families who are unable to provide higher education to their children on their own. Many students leave their education incomplete due to the financial condition of their family. This scheme has been started by the government keeping this in mind. Now by applying in this scheme, any student can get a loan for his education. If you are also interested in this scheme and want to get a loan. So in this article we will tell the application process as well as present the eligibility and documents.
PM Vidya Lakshmi Education Loan Scheme 2024
Various types of schemes are run by Prime Minister Narendra Modi for the students of the country. Vidya Lakshmi Yojana has been started in this direction. Under this scheme, children of poor and economically weak families who are good at studies are being provided education loan. Under this scheme, the government is providing loan ranging from 50 thousand to 6.5 lakhs. Any eligible student can get this loan amount.
This is a new initiative in the interest of students started by the Prime Minister. More than 30 related departments are involved in this scheme and the government and private banks are also approving loans under this scheme. Under this scheme, students will have to pay an interest rate of 10 to 12 percent on getting a loan from a bank or any other institution. The loan period can be up to 5 years.
PM Vidya Lakshmi Education Loan Scheme Benefits
This is an education loan scheme for students started by the government, in this scheme along with the loan, other facilities are also provided to the beneficiaries:-
- Loan facility will be provided to students from poor and economically weak families.
- Under this scheme, students will be provided loans ranging from Rs 50 thousand to Rs 6 lakh.
- By getting the loan, the children of lower class families will be able to get higher education.
- Scholarship facility will also be provided to the beneficiaries of this scheme.
- Those students whose education has been left incomplete will be able to complete it.
- By getting higher education he will be able to improve his standard of living.
- You will be able to become self-reliant by getting the loan amount.
Vidya Lakshmi Education Loan Scheme Eligibility
All the candidates must fulfill the eligibility criteria to get the loan under this scheme by the government. The eligibility prescribed under this scheme is as follows.
- The applicant must be an Indian citizen.
- Under this scheme, only poor and lower class students will be considered eligible.
- Applicant must have obtained 55% marks in 10th and 12th.
- There should not be any other loan in the name of the candidate.
- The civil score of the applicant must be good.
- It is mandatory to have a bank account opened in any bank.
- All required documents must be in the name of the applicant.
PM Vidya Lakshmi Education Loan Scheme Documents
- Aadhar card
- Income Certificate
- Caste Certificate
- Basic address proof
- Bank Account
- 10th 12th Certificate
- Passport size photo
PM Vidya Lakshmi Education Loan Scheme Apply Online
- First of all go to the official website of this scheme .
- Click on the option “Register” on the homepage.
- The registration form will open after clicking.
- Now enter all the details asked in the form and submit.
- After this, activate the account by clicking on the link received on email.
- Now login with the help of email and password.
- Click on the application form link and fill the form.
- Now scan and upload all the required documents.
- Finally apply by clicking on the submit button.
