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Ministry of Education

PM Vidyalaxmi: collateral-free education loans + 3% interest subsidy

No collateral

Added today

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Check the terms on the official site before you sign up.

Quick facts

DiscountNo collateral
RegionIndia
ExpiryOngoing
CategoryStudents & Youth

Overview

Got into a top college (NIRF top 100, top state institutions, central HEIs)? Get an education loan without collateral, 3% interest subvention on up to ₹10 lakh if family income is under ₹8 lakh.

Who can claim

Who is eligible

Students admitted on merit to 1,425 Quality Higher Educational Institutions. Management/NRI quota excluded.

How to claim

  1. 1
    Apply on the PM Vidyalaxmi portal (pmvidyalaxmi.co.in).
  2. 2
    Choose up to 3 banks with one common form.
  3. 3
    Claim interest subvention on the portal.

What you get

No collateral or guarantor
75% govt credit guarantee up to ₹7.5 lakh
Government-set interest rate
Government-set interest rate

Important terms

“Benefit once per programme. Information only — scheme rules, amounts and dates can change. Confirm on the official government portal before applying. Never pay agents.”

Region: India
Ongoing
Students & Youth

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