Scribd
Upload
10 views5 pages

PM Vidyalakshmi (1)

The PM-Vidyalaxmi scheme offers collateral-free and guarantor-free education loans to maximize access to quality higher education in India. It provides loans up to ₹10 lakh with interest subvention for eligible students based on family income, and is applicable to top-ranked higher educational institutions. A unified digital portal facilitates loan applications, tracking, and grievance resolution, ensuring a streamlined process for students.

Uploaded by

Ganesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
10 views5 pages

PM Vidyalakshmi (1)

The PM-Vidyalaxmi scheme offers collateral-free and guarantor-free education loans to maximize access to quality higher education in India. It provides loans up to ₹10 lakh with interest subvention for eligible students based on family income, and is applicable to top-ranked higher educational institutions. A unified digital portal facilitates loan applications, tracking, and grievance resolution, ensuring a streamlined process for students.

Uploaded by

Ganesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

ఆంధ్రప్రదేశ్ కేంద్రీయ విశ్వవిద్యాలయం आंध्रप्रदेश कें द्रीय विश्वविद्यालय

CENTRAL UNIVERSITY OF ANDHRA PRADESH


Ananthapuramu, Andhra Pradesh

Prof. S. A Kori
Hon’ble Vice Chancellor

PM-VIDYALAXMI
SCHEME

Collateral-free, Guarantor-free Education Loans


Maximising access to quality Higher Education for
YUVA SHAKTI
PM-Vidyalaxmi – Key Features

Education loan under PM-Vidyalaxmi is collateral free, guarantor free

Loan applications are made through a new simple, transparent, student-friendly and
entirely digital application process https://pmvidyalaxmi.co.in

Loan amounts up to ₹ 7.5 lakhs get 75% credit guarantee by the Government of India

Furthermore, for students with up to Rs. 8 lakhs annual family income, the scheme

provides for 3% interest subvention on loans up to Rs 10 lakh


This is in addition to the full interest subvention already offered to students with up

to Rs. 4.5 lakhs annual family income under PM-USP Central Sector Interest Subsidy

(PM-USP CSIS)

PM-Vidyalaxmi – Quality HEIs

PM Vidyalaxmi scheme is applicable to top quality higher educational institutions of

the nation, as determined by the NIRF rankings


This list will be updated every year using the latest NIRF ranking, and to begin starts

with 860 qualifying QHEIs covering more than 22 lakh students who take admission

in these QHEIs every year to be able to potentially avail benefits of PM-Vidyalaxmi; if

they so desire

PM-Vidyalaxmi – Selection of students, Portal and Payment method

3% interest subvention support will be given to one lakh students every year

State-wise distribution of slots in proportion to population in age-group 18-23 years

used in AISHE will be done

Preference will be given to students who are from government institutions and have

opted for technical/ professional courses

Safeguards will be built to ensure that some institutions are not crowding the

application process
Payment of interest subvention will be made through “PM Vidyalaxmi Digital Rupee”

app which can be downloaded from playstore or app store


Students need not make any payment either in the portal or in the app
PM-Vidyalaxmi Portal:

A unified portal (https://pmvidyalaxmi.co.in) is developed under the aegis of Department

of Higher Education, Ministry of Education under the guidance of DFS and IBA.
➢ A one stop solution for students to apply for Education Loan, Interest Subvention and

Track the status of Education loan application.

➢ Exclusive portal with simplified two pager application form for all Education loan

under PM-Vidyalaxmi scheme.


➢ Provision to upload the documents by the students in the portal.

➢ The Scheme is applicable for all Scheduled Banks/Regional Rural Banks (RRBs)/Co

operative Banks.

➢ All the Education Loan Applications shall be routed through PM-Vidyalaxmi portal
only.

➢ Component of Interest subvention

▪ PM-Vidyalaxmi (3%)

▪ PM-USP CSIS (100%)

Components of PM-Vidyalaxmi:

Sign-up and Login Loan Application Loan Status Tracking

Apply for interest Tracking of Grievance resolution


subvention subvention
Loan Application Process:
1. Apply for Admission 3. Apply for Loan

Institute Students
PM-Vidyalaxmi
2. Admission Confirmation portal

5. Loan sanction

4. Loan Application to
6. Loan disbursal member Banks

Member Banks

Activities by Student

Apply Education loan through PM-Vidyalaxmi Portal.

Student may select maximum upto three Banks of their choice for submission of

education loan application.


Student can track the application status through the portal.

Student can raise grievance through PM-Vidyalaxmi portal.

Student to apply for Interest Subvention in the portal, after receiving notification of
eligibility by Ministry.

Eligible students shall Download the PM-Vidyalaxmi Digital Rupee App, after

receiving notification of subsidy credit.

They shall Redeem interest subvention amount to their respective loan account

within 90 days

Portal Home Page


CUAP Event Souvenirs

Find us in Social Media :

ADDRESS: Neelampalli Road, Janthaluru


Opposite 14th APSP Battalion
Ananthapuramu - 515701
Andhra Pradesh
India
E-Mail : [email protected]
WEBSITE : www.cuap.ac.in
Designed By CUAP Creative Team

You might also like