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Vidya Lakshmi Portal Education Loan Scheme

September 3, 2015

Vidya Lakshmi Portal for Educational Loans & Scholarships Image

On 15 August, 2015, “Vidya Lakshmi Portal Education Loan Scheme” was launched by the Finance ministry. This portal has been developed and maintained by NSDL e-Governance Infrastructure Limited in collaboration with the Department of Financial Services, Department of Higher Education, Indian Banks Association and the Ministry of Human Resource Development. This portal is a gateway for all students to access funds and information related to educational loans as well as government scholarships. It provides a single window to students applying for loans or scholarship by filling up a single form. The portal provides 22 different education loan schemes.


The basic objective of the scheme is to provide easy and effective system of getting educational loans so that no student leaves his or her education mid-way due to lack of funds.

Website address


Benefits of the scheme

  • The students get information about educational loan schemes of banks.
  • Common educational loan application form is available to students.
  • There is a provision to apply to various banks for educational loans through a single form
  • The site is linked to the national scholarship portal for information and to apply for government scholarships.
  • Students can view the status of their loan application at any time and at any place with an easy access to the dashboard facility of the website.
  • Students can also send to the banks e-mail grievances/queries for any kind of issues or difficulties relating to educational loans.
  • Banks can also upload loan processing status.
  • Banks can also download student’s loan applications.

How to apply for educational loan through the portal?

  • Register yourself on the portal.
  • Fill up the Common Application form for scholarship referred as the Common Education Loan Application Form (CELAF). This form is prescribed by Indian Banks Association (IBA) and is accepted by all banks.
  • Based on the eligibility criteria, the portal itself suggests the various schemes for which a student is eligible.
  • The applicant can now choose Educational Loan as per his/her requirements, eligibility and convenience.

Once registration is done and the CELAF is filled, you will be updated about your loan approval or disapproval on the portal. If your loan is approved, the loan amount will be transferred directly to your account. If your loan is disapproved, you have to contact the bank itself. You may also get an ON HOLD update on your loan status. It means that the bank requires more information from your end, which will be mentioned in the remark column. E-mail and SMS alert will also be generated for processing of scholarship.

Names of banks which have integrated their system with the online portal are:

  • SBI
  • IDBI
  • Bank of India
  • Canara Bank
  • Union Bank of India
  • Corporation Bank
  • Dena Bank
  • Punjab National Bank
  • Punjab and Sindh Bank
  • Oriental Bank of Commerce
  • Central Bank of India
  • Kotak Mahindra Bank
  • Vijaya Bank

The students have the advantage of applying to three banks at a time. However, the interest rate will be as per the applicable rules of an individual bank. This reduces the student’s time of approaching different banks.

For further queries

Tel – (022) 2499 4200

Fax – (022) 2497 6351

e-mail ID : vidyalakshmi@nsdl.co.in


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Showing 28 Comments :

sir, i have apply for education loan so tell me about the scheme.Pls tell me what is the interest rate and after wht time it should be payed and what the process for py the interest


dear sir main mba 1st year ka student hu mujhe loan ki jarurat h mere papa kisan h kya mujhe loan mil saakta h

RAVI KUMAR SAVITA October 13, 2016 at 9:25 pm

i need education loan,plz tell me my contect nomb is 9784950461


How to get education loan fot btech it
course from PSIT PLZ sir reply Its urgent


How to get education loan for mbbs course before admission..plz tell me sir 9553004880


Is it necessary that a student should take admission through councling for education loan by vidya Lakshmi loan Scheme.


Why a student can not gain the education loan ,who had take admission directly in private Engineering college,as compare to through councling.
Although that student belong to poor background.and counler student ‘s private collage annual fees is very less as compare to direct admission fees.
For example -direct admission fees is 70,000 rupees wheares councler student fees is 18000 rupees to 20000 rupees in my college.


how many banks available in vidyalaxmi.com


education loan including pg

pure Abhishek Nilesh August 16, 2016 at 11:27 pm

Please tell me how to get education loan& scholarship from vidyalaxmi.com 9673106661

Dhirendra Singh August 5, 2016 at 1:47 pm

Required loan for MBBS course.
How to get easy education loan for MBBS course before admission in India or aboard.


Respected my Dear sir I am studying now pg 2nd year i want education loan, how to got education loan process tell me pls no 8186055605


Sir’ I need information of interests by different banks and repayment schedule plz tell me.


This organise is really good and helpful for the students and this organise will continue this job.We apply education loan from the SOUTH INDIAN BANK it is situated in cuddalore and cuddalore district in tamilnadu in INDIA .And we apply loan for the higher studies of engineering course from the 1st year itself.But at this moment we cannot get the loan from that bank and this bank produce lots of stress for us.And we produce the bank formalities correctly but we cannot get the loan.what we can do for this we get the loan from that bank .Please sent mail for this mail address about what we can do for getting loan.


I’m very happy to know about this scheme, this government is really helping the poor people’s kid’s to complete there education without begging anyone .long life to this government. Barath matha ki jai.


How to get easy education loan before admission to BE colleges


मेरी बच्ची सी ए कर रही है आर्टिकलशिप ढाई साल की हो गई हे फाइनल की कोचिंग के लिए लोन लेना चाहता हूँ तकरीबन 125000 बताए SBBJ से लोन कैसे मिलेगा


Mera baccha aman jain engineering me admi.liya he.mereko loin lena hee.mera a/c b.o.b. and sbbj me h muje loan dila ne ka process btae
No. 9950689771


Sir, i have apply for education loan so tell me about the scheme


Dear sir pradhan mantri yojana se education loan chaiye mera bank account sbi bank.or obc bank me he education loan se .Rs .200000 mera bachcha digree me he or use 3.saal or padna he me uski engineering complit karna chahata ho plz sir help mee ./ mobail no.8108734825/8108660281 .THANKYOU


Pls tell me what is the interest rate and after wht time it should be payed and what the process for py the interest




plz tell me about loan scheme and how much intreast can be paid what are the processof PNB Bank

pratishtha singh November 3, 2015 at 12:08 am

Plz tell me about loan scheme and how much interest can be paid and what are the process of PNB bank

pratishtha singh November 3, 2015 at 12:05 am

I need information of interest by different bank and repayment process

debenkumar irengbam October 6, 2015 at 12:14 pm

I am very proud of Vidya Lakshmi Portal Education Loan Scheme.
My doughter is seeking to apply education loan.


Sir’ I need information of interests by different banks and repayment schedule exc please send me