🎓 Education & scholarships · Ministry of Education
PM Vidyalaxmi
Education loans without collateral or guarantor for students of top institutions.
What you get
Collateral-free education loan + 3% interest help
🔗 Direct official links
These open the government website in a new tab. Applying there is free; never pay anyone for a form.
✅ Benefits
- Education loans without collateral or guarantor for admission to quality higher education institutions.
- 75% credit guarantee on loans up to ₹7.5 lakh, which helps banks lend.
- 3% interest subvention during the study period on loans up to ₹10 lakh, for family income up to ₹8 lakh.
👤 Who can apply
- Students admitted to the eligible top-ranked higher education institutions (based on NIRF rankings) listed on the portal.
📄 Documents needed
- Admission letter
- Aadhaar and PAN (student and parent)
- Fee structure
- Income certificate (for interest subvention)
📝 How to apply
- Register on the PM Vidyalaxmi portal and fill the common education loan application.
- Apply to up to three banks from the portal.
- Track the application and loan status online.
Benefits in detail
- Education loans without collateral or guarantor for admission to quality higher education institutions.
- 75% credit guarantee on loans up to ₹7.5 lakh, which helps banks lend.
- 3% interest subvention during the study period on loans up to ₹10 lakh, for family income up to ₹8 lakh.
Who can apply
- Students admitted to the eligible top-ranked higher education institutions (based on NIRF rankings) listed on the portal.
Documents needed
- Admission letter
- Aadhaar and PAN (student and parent)
- Fee structure
- Income certificate (for interest subvention)
- Marksheets
How to apply, step by step
- Register on the PM Vidyalaxmi portal and fill the common education loan application.
- Apply to up to three banks from the portal.
- Track the application and loan status online.
Last checked against the official website: 26 Sept 2026
Amounts and rules can change. The official website is always final. YojanaHelper is an independent guide, not a government website.
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