PM Vidya Lakshmi Education Loan Yojana 2025: The Central government has upgraded the Vidya Lakshmi program in the new Cabinet meeting on 6 November 2025. The cabinet minister Ashwini Goyal informed about the new implementation of PM Vidya Lakshmi education loan Yojana 2025 where students can get up to 10 lakh education loan without any guarantor. So if you are also one of those student want to continue the education but facing the financial crisis in the family then you can apply for PM Vidya Lakshmi loan scheme and pay the Annual fees cause of the course to continue your education.
The PM Vidya Lakshmi Education Loan scheme helps students get financial support for higher education. It offers loans up to ₹10 lakh without needing collateral or a guarantor. Students must be admitted to recognized institutions. The PM Vidya Lakshmi Education Loan scheme aims to assist around 22 lakh students each year. For loans up to ₹ 7.5 lakh, banks will receive a 75% credit guarantee. Families earning up to ₹8 lakh can get a 3% interest discount during the loan moratorium. The government has set aside ₹3,600 crore for this initiative from 2025-26 to 2030-31. The focus is on technical and professional courses. This PM Vidya Lakshmi Education Loan scheme makes education more accessible and affordable for many students in India.
PM Vidyalakshmi Yojana 2025 Overview
This vidyalakshmi.co.in Yojana 2025 will work in conjunction with the already implemented PM-USP CSIS scheme, which will give students an opportunity to study without interruption. So let’s know what is so special in PM Vidyalakshmi Yojana.
| Scheme Name | Vidya Lakshmi Education Loan Yojana |
| Objective | To provide financial support for higher education without financial burden |
| Eligibility | Students admitted to Quality Higher Education Institutions (QHEIs) as per NIRF rankings |
| Loan Amount | Up to ₹10 lakh |
| Credit Guarantee | 75% for loans up to ₹7.5 lakh |
| Family Income Limit | Up to ₹8 lakh annually |
| Interest Subsidy | 3% for loans up to ₹10 lakh during moratorium period |
| Preferred Students | Government institution students in technical/professional courses |
| Funding Period | 2025-25 to 2030-31 |
| Annual Budget | ₹3,600 crore |
| Application Portal | PM-Vidyalaxmi unified portal |
Objective of the Pradhan Mantri Vidya Lakshmi Scheme 2025
PM Vidyalakshmi Loan Yojana has been brought for those students who want to study in top quality higher education institutions, but stop due to financial difficulties. The main goal of this PM Vidyalakshmi Yojana is that eligible students get a loan for studies without any guarantee and the expenses of studies should not be a problem for them.
Benefits of the PM Vidya Lakshmi Education Loan 2025
- The program will allow brilliant students to continue their higher education in reputed colleges in the country.
- Students can apply for maximum 1000000 rupees educational loan in this program. which can be used to pay the course fees, admission fees, hostel fees and other maintenance.
- While banks are providing with higher interest rates, government will allow students with 3% subsidiary in interest. So you can get a very little interest rate in this program
- However you the family is earning less than 4.5 lakh annually then government will allow interest free loan to the student in this program
- Government is targeting large number of students and aiming to provide education loan for up to 22 lakh students, But only one lakh students will get opportunity to apply in education loan per year in this program
- Students are not required to provide any guarantor for this program and they also not need to submit any collateral against the loan amount
PM Vidya Lakshmi Education Loan Eligibility
It is important to check the following eligibility criteria before applying the loan under the Vidya Lakshmi Yojana in 2025:
- Only Indian students who are currently living and studying in Indian Institute and colleges are eligible to apply for PM with the Lakshmi education loan program.
- The minimum age of the student should be at least 18 years old
- The annual family income of the student should be less than 800000 to be eligible for applying in this program
- It is important to take admission in top 100 NERF Institute or colleges in the country and top 200 colleges in state level.
- However you can apply for different programs and courses but the government is currently preferencing technical courses.
- The applicant should not avail other benefits from State government or Central government including scholarship or any other financial help.
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PM Vidya Lakshmi Scheme Loan Amount 2025
Under this scheme, students can get a loan of up to ₹ 10 lakh, in which a loan of up to ₹ 7.5 lakh will also get the benefit of 75% credit guarantee. That is, if there is a problem in repaying the loan, then this is a kind of security for the bank, so that the bank can also give loan easily.
Steps to apply for Vidya Lakshmi education loan 2025
The government has started a separate online portal on the Internet where you can apply for Pradhanmantri Vidya Lakshmi education loan Yojana 2025 by following these steps:
- Visit to the official website of pm Vidya Lakshmi education loan. This is direct link of the website https://www.Vidya Lakshmi.co.in/
- Now you will reach on the new page where you have to click on the apply now for PM Vidya Lakshmi Education Loan section on the top of this screen
Who will get the benefit of PM Vidya Lakshmi Yojana interest subsidy?
- Students whose annual family income is up to ₹ 8 lakh and who are not beneficiaries of any other government scholarship or interest subsidy scheme will get 3% interest subsidy.
- Students pursuing technical and professional courses will be given priority.
- For this, the government has allocated a budget of ₹ 3,600 crore from the year 2025-26 to 2030-31. Every year one lakh students will get the benefit of this interest subsidy.
- Complete the registration form to login on the dashboard by providing your name, mobile number and email ID, so you can create user id and password for login
- After that you will reach on the application page on the dashboard where you need to provide your personal information, educational details, parent information, income criteria etc.
- Now you need to upload you documents including Aadhar card, pan card, passport size photograph, admission receipt etc.
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PM Vidya Lakshmi Yojana College List 2025
- Govt. Post Graduate College of Girls in Chandigarh
- College of Information Technology in Bilaspur
- Dr BBA Polytechnic In Dadra
- Govt. Polytechnic in Daman and Diu
- Zakir Husain College in Delhi
- Dr. BR Ambedkar Institute of Technology in Andaman and Nicobar
- Maharajas PG College in Andhra Pradesh
- Rajiv Gandhi University, Itanagar
- Mangaldai College in Assam
- Dr Ram Naresh Singh Yadav Mahadalit Degree College in Bihar
- Dr Gangubai Hangal University of Music in Karnataka
- Al Ameen College of Law in Karnataka
- Sree Narayana Guru College in Kerala
- Calicut University Centre in Lakshadweep
- Sardar Patel College in Maharashtra
- Agnel Polytechnic in Goa
- School of Nursing in Gujarat
- Apeejay Stya University in Haryana
- Shoolini University of Biotechnology in HP
- Ahmad Institute of Health Science in J&K
- Maulana Azad College in Jharkhand
- Central Agricultural University Imphal
- Mahatma Gandhi University in Meghalaya
- Mizoram University in Mizoram
- Jharsuguda Black Diamond College of Engineering and Technology in Odisha
- National Institute of Technology in Puducherry
- GRD College For Women, Phagwara in Punjab
- Bhagwant University In Ajmer
- Gangtok College of Agricultural Engineering in Sikkim
- Sarah Tucker College in TamilNadu
- Gouthami Sai Degree 7 PG College in Telangana
- IGNOU Regional Centre in Tripura
- Amity University in UP
- Doon Institute of Management & Technology in Uttarakhand
- Indira Gandhi Teachers Training Institute in West Bengal.
Why is this vidyalakshmi.co.in Yojana special?
vidyalakshmi.co.in Yojana is an effort by the government, which shows how much the government cares about the education of the students. Through the vidyalakshmi.co.in Scheme, the youth of the country are being given a chance to move forward without any financial hindrance.
Will this Vidya Lakshmi Scheme 2025 useful for the students?
Through this scheme, the government is ensuring that no student faces any problem in taking a loan for studies. But the thing to think about is whether all the students will be able to take advantage of this scheme? For this, it is important that the students get the right information and they can apply easily.
If seen, this Vidya Lakshmi Scheme 2025 is like a boon for the students, but it also has to be kept in mind that this scheme is implemented properly and can reach all the students.
Conclusion
PM Vidyalakshmi Yojana 2025 is a step towards those youth of India, who dream of getting higher education, but they are left behind due to financial problems. Through this vidyalakshmi.co.in Loan Yojana 2025, students can complete their studies without any financial burden. So, if you also want to fulfill your education dreams and meet the eligibility criteria of PM Vidyalakshmi Yojana 2025, then do not miss this opportunity.
FAQs: PM Vidya Lakshmi Education Loan Yojana 2025
What is Vidya Laxmi portal?
Government launched PM Vidyalakshmi scheme for higher education. This scheme will provide financial assistance to the students studying in quality institutions. Under the scheme, students will get loans for tuition fees and other expenses without any guarantee or collateral
What is the objective of Vidya Laxmi Scheme 2024?
This scheme provides loans to those students whose income is less than Rs 8 lakh.
What is the loan amount under Vidya Laxmi Scheme 2024?
Under Vidya Lakshmi Scheme 2024, you can get an amount up to Rs 10 lakh with 3% interest.