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All India · Student / Education Loan

PM Vidyalaxmi (Education Loan Scheme)

Also known as: PM Vidyalaxmi · PM Vidyalaxmi Yojana · Pradhan Mantri Vidyalaxmi · पीएम विद्यालक्ष्मी

Ministry of Education & Ministry of Finance

Benefit

Education loan up to ₹10 Lakh · 3% interest subvention (1% for girls) · No collateral

Collateral-free, guarantor-free education loan portal for students admitted to top-quality higher education institutions.

At a glance

Scheme	PM Vidyalaxmi (Education Loan Scheme)
For	Student / Education Loan
Where	All India
Department	Ministry of Education & Ministry of Finance
How to apply	Online
Info checked	2026-10-16

Who Can Apply

Students admitted to a top-ranked higher-education institution in India (NIRF list)
Education loans without collateral; interest subsidy if family income is up to ₹8 lakh
Apply on the Vidyalaxmi portal

In short — check the official website for the full rules.

Required Documents

Aadhaar Card
PAN Card
Admission Letter from Institute
10th/12th/Graduation Mark Sheets
Income Certificate
Bank Account

How to Apply

Apply online on the official government website (link below).

Open in YojanaSahay App & Check Eligibility → or browse all schemes Visit Official Government Website ↗

More schemes — Central Government

See all 119 schemes →

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Frequently asked questions

Who can apply for PM Vidyalaxmi (Education Loan Scheme)?

Students admitted to a top-ranked higher-education institution in India (NIRF list). Education loans without collateral; interest subsidy if family income is up to ₹8 lakh. Apply on the Vidyalaxmi portal.

What is the benefit of PM Vidyalaxmi (Education Loan Scheme)?

Education loan up to ₹10 Lakh · 3% interest subvention (1% for girls) · No collateral

What documents are needed for PM Vidyalaxmi (Education Loan Scheme)?

Aadhaar Card, PAN Card, Admission Letter from Institute, 10th/12th/Graduation Mark Sheets, Income Certificate, Bank Account.

How do I apply for PM Vidyalaxmi (Education Loan Scheme)?

Apply online on the official website: https://indianembassypanama.gov.in/eoipa_listview/MjQ,

How can I check if I am eligible for PM Vidyalaxmi (Education Loan Scheme)?

Answer a few simple questions on YojanaSahay — it tells you free of cost which schemes you qualify for, with the documents for each.

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Official link last checked: 2026-10-16