📌 Latest status & updates — PM Vidyalaxmi
Checked 1 Oct 2026 · Payment calendar · Check eligibility
Latest articles
- PM Vidyalaxmi Scheme 2026 · 28 Sep 2026
- PM Vidyalaxmi Loan · 17 Sep 2026
1. Policy Overview & Objectives
PM Vidyalaxmi is a central sector scheme providing digital education loans without collateral or third-party guarantee (75% govt credit guarantee up to ₹7.5 lakh) to meritorious students admitted in top NIRF-ranked institutions.
2. Key Highlights & Parameters
3. Eligibility Criteria
- Indian national student admitted in eligible top 860 NIRF institutions (Top 100 overall/category, state govt HEIs ranked 101-200, all central govt institutions).
- Family gross annual income up to ₹8,00,000 for 3% interest subvention (Not availing other govt scholarships/subventions).
4. Mandatory Documents Required
Confirmed admission letter from designated QHEI with fee schedule.
Competent authority income proof for family income verification.
Student & co-borrower Aadhaar, 10th/12th/Graduation marksheets.
5. Step-by-Step Application Process
Register on Portal
Create account on pmvidyalaxmi.co.in using Aadhaar OTP.
Common Education Loan Form
Fill standardized CELAF with institution details and loan requirement.
Bank Processing
Digital loan sanction through scheduled commercial banks with automated credit guarantee.
6. Interactive Policy Calculator
Calculate Benefits for PM Vidyalaxmi Scheme
Use our updated 2026 mathematical algorithm with latest rates.
Launch PM Vidyalaxmi Scheme Calculator →7. Frequently Asked Questions (FAQs)
No, loans under PM-Vidyalaxmi are strictly collateral-free and guarantor-free up to ₹10 Lakhs.
3% interest subvention is credited via DBT directly to the student's loan account through E-Vouchers.
Ananya Sharma
Women's Policy & Social Schemes Researcher | Policy Researcher — Women's Welfare & Social Security