What do you get under PM Vidyalaxmi loan?
Collateral-free, guarantor-free education loans for students admitted to listed quality institutions, with 3% interest subvention on loans up to ₹10 lakh for family income up to ₹8 lakh.
Who is eligible for PM Vidyalaxmi loan?
- Students admitted to a listed higher education institution (based on NIRF rankings).
- Interest subvention for family income up to ₹8 lakh a year.
Also check:
- Your college must be on the PM Vidyalaxmi list.
Documents needed for PM Vidyalaxmi loan
0 of 5 ready
Offices may ask for more. Check the official list before you go.
How to apply for PM Vidyalaxmi loan
- Apply on the PM Vidyalaxmi portal; it sends your application to banks.
Common questions
Who is eligible for PM Vidyalaxmi loan?
Students admitted to a listed higher education institution (based on NIRF rankings). Interest subvention for family income up to ₹8 lakh a year.
How much do I get under PM Vidyalaxmi loan?
Collateral-free, guarantor-free education loans for students admitted to listed quality institutions, with 3% interest subvention on loans up to ₹10 lakh for family income up to ₹8 lakh.
What documents do I need for PM Vidyalaxmi loan?
Aadhaar card (linked to your mobile number); Proof of admission or fee receipt; Income certificate; Education certificates (marksheets); PAN card.
How do I apply for PM Vidyalaxmi loan?
Apply on the PM Vidyalaxmi portal; it sends your application to banks. Official site: https://pmvidyalaxmi.co.in/
Do I have to pay anyone to apply for PM Vidyalaxmi loan?
No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.
Official sources
Last checked 30 October 2026; next review by 30 April 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.