Vidya Lakshmi Education Loan 2025: Eligibility Criteria & Benefits

Education is key to personal and career success, but many students struggle financially to achieve their goals. The Vidya Lakshmi education loan scheme helps by providing financial support for higher education.

To make the most of this opportunity, it’s important to understand how the scheme works and who is eligible. This guide will clearly explain the eligibility criteria to help you check if you qualify.

What is the Vidya Lakshmi Education Loan?

The Vidya Lakshmi portal is a government-supported platform made to help students apply for education loans in one place. Using this portal, students can apply for loans from different banks, check the status of their applications, and get advice on financial aid programs.

The Vidya Lakshmi education loan is designed with clear rules to ensure it is fair and easy for many students to access.

Eligibility Criteria for Vidya Lakshmi Education Loan

If you’re planning to apply for the Vidya Lakshmi education loan, ensure you meet the following eligibility requirements:

1. Indian Citizenship
   • The applicant must be a citizen of India to be eligible for the loan. This ensures that the scheme supports Indian students in achieving their academic aspirations.
2. Educational Qualification
   • The applicant must have successfully completed their 10+2 education (or equivalent). Without a valid 10+2 completion certificate, the loan application will not be considered.
3. Course Eligibility
   • The Vidya Lakshmi loan can be availed only once by the student. It applies to any of the following types of courses:
     • Undergraduate (UG) courses
     • Postgraduate (PG) courses
     • Integrated degree programs
   • This provision ensures that students have access to financial assistance for significant academic milestones in their careers.
4. Secured Admission
   • The applicant should have already secured admission to a recognized institution in India or abroad. The institution must be:
     • Approved by a competent authority
     • Recognized by a government body
   • This requirement ensures that the loan is used for quality education at reputable institutions.

How to Apply for Vidya Lakshmi Education Loan

Once you’ve verified your eligibility, you can follow these simple steps to apply for the Vidya Lakshmi education loan:

1. Visit the official Vidya Lakshmi portal at www.vidyalakshmi.co.in.
2. Register yourself by filling out the required details.
3. Log in to your account and fill out the Common Education Loan Application Form (CELAF).
4. Select the banks and loan schemes that match your needs.
5. Submit your application and track its status online.

Benefits of Vidya Lakshmi Education Loan

The Vidya Lakshmi education loan offers numerous advantages, including:

• Financial Support: Covers tuition fees, travel expenses (for overseas studies), and other education-related costs.
• Simplified Process: Single platform to apply for loans from multiple banks.
• Transparency: Real-time updates on loan application status.
• Wide Accessibility: Designed to benefit students from diverse socio-economic backgrounds.

List of Banks for Education Loans Registered on Vidya Lakshmi Portal

As per the official Vidya Lakshmi portal, a total of 38 banks are registered under the scheme. Below is the list of banks available on the Vidya Lakshmi platform:

HDFC Bank	AXIS Bank
ICICI Bank	Bank of Baroda
IDBI Bank	Bank of India
IDFC First Bank	Bank of Maharashtra
Abhyudaya Cooperative Bank Limited	Canara Bank
Andhra Pragathi Grameena Bank	Kerala Gramin Bank
State Bank of India	Kotak Mahindra Bank
New Indian Cooperative Bank Limited	Punjab and Sind Bank
Central Bank of India	Chhattisgarh Rajya Gramin Bank
City Union Bank Limited	The Kalupur Commercial Cooperative Bank Ltd
The South Indian Bank Ltd	UCO Bank
Union Bank of India	Yes Bank
Dombivli Nagari Sahakari Bank Ltd	Federal Bank
GP Parsik Bank Ltd	Indian Bank
Indian Overseas Bank	Jammu and Kashmir Bank Limited
Karnataka Bank Limited	Karnataka Gramin Bank
Karnataka Vikas Grameena Bank	Karur Vysya Bank
Punjab National Bank	Rajasthan Marudhara Gramin Bank
RBL Bank Limited	Tamilnad Mercantile Bank Limited

Direct Links for Apply Vidya Lakshmi Education Loan

Apply For Loan	Click Here
Official Website	Click Here
Latest Updates	Click Here