Vidya Lakshmi Yojana
About Vidya Lakshmi
Vidya Lakshmi:
Vidya Lakshmi is a first of its kind portal for students seeking education Loan. This portal has been developed under the guidance of Department of Financial services (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Bank Association (IBA). The portal has been developed and maintained by NSDL e-Governance Infrastructure Limited. . The portal also hosts a link (National Scholarship Portal) for students seeking government scholarships.
With Vidya Lakshmi students can apply to multiple banks and different schemes of Education Loan through a single application form. Total 34 banks are registered on Vidya Lakshmi with more than 71 loan schemes.
Features :
• Single platform for education loan schemes of multiple banks
• Common Education Loan application form for all the banks
• Individual dashboard offering a single view of loan application status of various bank
• e-mail support for grievances/queries related to Educational loan
Shri Arun Jaitley, Honourable Union Finance Minister in his budget speech for FY 2015-16 said: "India is one of the youngest nations in the world with more than 54% of the total population below 25 years of age. Our young people have to be both, educated and employable for the jobs of the 21st century. The Prime Minister has explained how Skill India needs to be closely coordinated with Make in India. Yet, today less than 5% of our potential workforce gets formal skill training to be employable and stay employable. With a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, I propose to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram. We will ensure that no student misses out on higher education for lack of funds. The IT based mechanism under the Pradhan Mantri Vidya Lakshmi Karyakram is expected to provide to students a single window electronic platform for Scholarships and Educational Loans."
Credit and source : https://www.vidyalakshmi.co.in/Students/
official Website : https://www.egov-nsdl.co.in/Vidya_Lakshmi.html