PM Vidyalaxmi Scheme [Collateral Free Education Loan]

💰 Benefits

✅ Who Can Apply?

• Students admitted to top 860 QHEIs (ranked by NIRF).
• Family income up to ₹8 Lakh (for Interest Benefit).
• Any student of these institutes (for Collateral Free Loan).

📝 How to Apply?

1. 1Step 1: Register on the unified PM Vidyalaxmi Portal.
2. 2Step 2: Fill the Common Education Loan Application Form (CELAF).
3. 3Step 3: Apply to up to 3 banks with a single form.
4. 4Step 4: Bank verifies admission and sanctions the loan.
5. 5Step 5: Fees are paid directly to the institute.