🎓CentralPM Vidyalaxmi
पीएम विद्यालक्ष्मी योजना
BenefitCollateral-free education loan
Who is eligibleMeritorious students admitted to top 860 institutions
Ministry / Dept.Ministry of Education (Dept. of Higher Education)
Last dateOpen / ongoing
What is the scheme?
A central scheme giving collateral-free, guarantor-free education loans to students admitted to the NIRF top-860 quality institutions.
Key Benefits
- Collateral-free & guarantor-free education loan
- 75% credit guarantee on loans up to ₹7.5 lakh
- 3% interest subvention on loans up to ₹10 lakh for family income up to ₹8 lakh
- Full interest subvention for income up to ₹4.5 lakh (CSIS)
Eligibility (Who can apply?)
- Admission in NIRF top-860 institution (QHEI)
- Indian student
- No income limit for the collateral-free loan
- Income limits apply for interest subvention
Documents Required
- Aadhaar
- Admission letter
- 12th marksheet
- Income proof (for subsidy)
- Bank details
How to Apply
- Register on pmvidyalaxmi.co.in
- Choose institution & course
- Upload documents and apply
- Loan on bank approval
Frequently Asked Questions
Need collateral?No, collateral-free.
Who is eligible?Admission in top-860 institutions.
Interest subvention?3% for income up to ₹8 lakh.
Stay alert — avoid fraud: Genuine government schemes are always free or officially subsidised. Never pay an agent, never download APKs from unknown links, and never share your bank/OTP details. Apply only through official .gov.in portals.