Shri Arun Jaitley, Honourable Union government minister in his budget speech for FY 2015-16 said: "India is one in all the youngest nations within the world with quite fifty four of the entire population below twenty five years archaic. Our kids have to be compelled to be each, educated and employable for the roles of the twenty first century.. With a read to change all poor and class students to pursue education of their selection with none constraint of funds, I propose to line up a totally IT primarily based Student assistance Authority to administer and monitor Scholarship still academic Loan Schemes, through the Pradhan Mantri Vidya Hindu deity Karyakram. We’ll make sure that no student misses out on education for lack of funds. The IT primarily based mechanism below the Pradhan Mantri Vidya Hindu deity Karyakram is predicted to produce to student’s one window electronic platform for Scholarships and academic Loans."

Vidya portal could be a 1st of its kind portal for college kids seeking Education Loan. This portal has been developed below the steerage of Department of economic Services, (Ministry of Finance) , Department of upper Education (Ministry of Education) and Indian Banks Association (IBA).The portal has been developed and being maintained by NSDL e-Governance Infrastructure restricted. Students will read, apply and track the education loan applications to banks anytime, anyplace by accessing the portal. The portal additionally provides linkages to National Scholarship Portal.

About NSDL e-Gov
NSDL e-Governance Infrastructure restricted (NSDL e-Gov) was originally setup as a deposit in 1995 and has over the years used its inherent strengths, project management capabilities & technology experience to deliver state of the art e-Governance solutions that has helped Governments to spot and clear bottlenecks, promote transparency, scale back service delivery prices and deliver public services expeditiously. The solutions have expeditiously created use of data and communication technologies as a tool for delivering public services and edges to society at massive. a number of the key e-Governance comes undertaken by NSDL e-Gov are:

Tax info Network (TIN)

Central Recordkeeping Agency (CRA) for National Pension System

Electronic accounting in Excise & Service Tax (EASIEST)

GST test

Registrar for Aadhaar entrance and eKYC/Authentication Services

National Judicial organization

NSDL e-Gov works closely with numerous Government agencies for planning, managing and implementing e-Governance comes. Over a amount of your time, NSDL e-Gov has gained varied expertise and experience in areas that facilitate Governments overcome numerous challenges visaged by them in fulfilling their core responsibilities of delivering public services to the society.

What is Vidhyalakshmi portal?
It is a Central IT-based Education Loan portal to produce student finance services for young Indians. It’s AN interface that helps students to use for student loan on-line through a centralized web site. Vidhyalakshmi permits students to use for multiple banks with one Vidhyalakshmi common education application kind (CELAF). this can be conjointly helps students in managing their Education Loan standing on Vidhyalakshmi Portal and keeps the knowledge of applicant/student/parents safe with the govt.. All of it is kept away from visiting the bank and on-line.
Vidhyalakshmi Portal may be a one stop answer for college students trying to find study loan data. Not solely are you able to apply for Education Loans on Vidhyalakshmi web site however conjointly compare student loan services, apply for education loan interest grant and even finance your student loan.


  • Information regarding academic Loan Schemes of Banks

  • Common academic application kind for college kids

  • Apply to multiple Banks for academic Loans

  • Facility for Banks to transfer Students Loan Applications

  • Facility for Banks to transfer loan process standing

  • Facility for college kids to email grievances/queries with reference to academic Loans to Banks

  • Linkage to National Scholarship Portal for info and application for Govt Scholarships


  • One Centralized Education application service for all banks

  • Remote Service with no want for Branch Visit

  • Compliance to international intelligence agency (Central Sector Interest Subsidy) for Education Loan Interest edges

  • Maximum Loan quantity risk

  • Online troubleshooting and criticism management

  • Direct transfer with none Loan agents in between

  • Faster process and elimination of hidden charges

List of Banks associated with the scheme

  1. Abhyudaya Cooperative Bank Limited Educational Loan Under The Scheme Of Abhyudaya Gyan Vardhini Allahabad Bank Education Loan

  2. Andhra Bank Dr. Pattabhi Vidya Jyothi Scheme

  3. Axis Bank Axis Bank Education Loan Scheme

  4. Bank Of Baroda Baroda Gyan

Baroda Scholar

Baroda Education Loan To Students Of Premier Institutions

Baroda Vidya

Baroda Education Loan For Executive Development Programmes (India)

Baroda Education Loan For Executive Development Programmes (Abroad)

Skill Loan Scheme

  1. Bank Of India BOI Star Education Loan Scheme

  2. Bank Of Maharashtra Model Educational Loan Scheme

  3. Canara Bank IBAS Model Education Loan Scheme For Study In India And Abroad

IBA Skill Loan Scheme Central Bank Of India Cent Vidyarthi Corporation Bank Corp Vidya Loan Scheme

  1. Dena Bank Skill Loan Scheme ( Kaushal Wrin Yojana)

Dena Vidya Laxmi Education Loan Scheme For Pursuing Higher Education In India And Abroad Dombivli Nagari Sahakari Bank Limited Vidyavardhini Education Loan Scheme

Suvidya Education Loan Scheme

  1. Federal Bank Federal Special Vidya Loan Scheme

Fed Scholars GP Parsik Bank Ltd Vidya Siddhi

  1. HDFC Bank Education Loan ICICI Bank Education Loan

  2. IDBI Bank Education Loan For Vocational Courses

Education Loan Scheme For Other Management Quota Students

Education Loans For Students Studying In Premier Education Institutes

Education Loan For Courses Offered By ICAI

Education Loan For Special Courses

Education Loan To Physically Challenged Persons Under NHFDC Scheme

Education Loan For Non-Vocational Courses

  1. Indian Bank Revised IBA Educational Loan Scheme – 2011

IB Skill Development

IB Educational Loan Prime Nit

IB Educational Loan Prime

Non- IBA Educational Loan

  1. Indian Overseas Bank Vidhyajyothi Educational Loan

IOB Scholar

IOB Vidya Suraksha

Vidya Jyothi Educational Loan Scheme

IOB Career Dream

IOB Vidya Shrest

Skill Loan Scheme

  1. Karnataka Bank Limited KBL Vidyanidhi Scheme

Skill Loan Scheme

  1. Karur Vysya Bank KVB Educational Loan

  2. Kotak Mahindra Bank Limited Kotak Mahindra Bank Ltd

  3. New India Cooperative Bank Limited Vidya Vikas Loan Scheme

  4. Oriental Bank Of Commerce Pragathi Krishna Gramin Bank Vidya Sagar Education Loan

  5. Punjab And Sind Bank Model Education Loan Scheme For Pursuing Higher Education In India And Abroad

Skill Loan Scheme

Psb Excellence- Education Loan Scheme For Premier Institutions (i.e. IITs/IIMs And ISB Hyderabad)

  1. Punjab National Bank PNB Kaushal

PNB Saraswati

PNB Pratibha

PNB Udaan RBL Bank Limited Education Loan

  1. State Bank Of India SBI Student Loan Scheme

SBI Global Ed-Vantage Scheme

SBI Scholar Loan Scheme

SBI Skill Loan Scheme Syndicate Bank Skill Loan



  1. Tamilnad Mercantile Bank Limited TMB Education Loan

TMB-Skill Development Loan

TMB-Super Education Loan Scheme

  1. UCO Bank UCO Education Loan

UCO Super Premier Educational Loan

UCO Premier Educational Loan Scheme

  1. Union Bank Of India Union Education

  2. United Bank Of India United Education Loan

United Superb Education Loan

United Education Loan Under Management Quota

  1. Vijaya Bank Education Loan To Students Admitted Under Management Quota (Non-IBA)

Skill Loan Scheme

IBA Model Education Loan – Top Rated Institutions – India

IBA Model Education Loan – Other Institutions – India

IBA Model Education Loan -Abroad

  1. Yes Bank Yes Education Loan

Registration process

Registering with Vidhyalakshmi Education Loan web site has several edges, albeit you’re not applying for loan from there. The registration alone provides you access to student loan schemes that you'll refer from bank branches and apply directly.

To register on Vidhyalakshmi Education Loan Portal, follow these steps:-

  • Visit the Vidhyalakshmi web site

  • Click on the ‘Register’ possibility from high strip/pane of the web site

  • Fill the small print as requested (Name, Age, DOB, Email ID and Mobile No.)

  • Read the Official Terms and Conditions, by clicking on the text “website (click wrap) agreement terms & conditions” at all-time low of registration page. Mandatory!!

  • Click on the Submit button

  • You’ll have to be compelled to make sure your registration by clicking on the confirmation link received via email.

  • This would mark completion of your registration method.

Log in process when troubleshoot occurs

  • Revisit the Login Page

  • Under the Login Button, you’ll notice a link named ‘Resend Activation Link’. Click thereon.

  • Enter your registration email address within the ‘User ID’ Text Box.

  • Click on Send Activation Link Button

  • You’ll get Associate in Nursing email from Vidhyalakshmi Portal on your registered email address.

  • Follow the directions in this email and your account is going to be re-activated.

  • With this a part of registration you've got finally completed the toughest part of your study application method. Any step when this solely concerned uploading or coming into what you already understand, for filling form or for application of loan. when work in you’ll be taken to the house section of Vidhyalakshmi Student Page

How to approach/search loan schemes?

  • Login to your Vidhyalakshmi Student Panel by following on top of directions

  • On the scholar home page you’ll notice Associate in Nursing possibility ‘Search for Loan Scheme’

  • Click on the choice and it’ll lead you to the Education Loan Search panel

  • Select your study loan class supported Location of Education, kind of Course and Loan quantity needed from the left panel choices

  • Click on Search Button and an inventory of all Banks alongside their individual Education Loan Schemes for your demand can seem on the screen

Application form

To apply for associate degree education loan from Vidyalakshmi Portal you’ll got to fill the CELAF. CELAF helps you to grasp what info and documents needed for Student Loan theme. It conjointly lets the bank get your documents bushed one place so you don’t need to run behind bank officers at the time of Student Loan Sanction.

Vidhyalakshmi CELAF contains following fields of data that associate degree study loan soul has to fill:-

  • Personal info

  • Details of relationship with Bank

  • Particulars after all, that loan is needed

  • Cost after all / supply of finance

  • Details of securities offered

  • Prospects of earning when completion of the course

  • Supporting Documents.

Vidhyalakshmi CELAF: the way to fill the shape for Study Loan

Generally Student application types of bank contain fields that don't seem to be informative enough. Students and oldsters typically miss details or find yourself filling wrong details. Additionally to the present even Bank officers don't offer any steerage or facilitate during this matter. With Vidhyalakshmi Education Loan Portal you'll be able to simply fill you details from click and change posture choices.

To fill you CELAF you wish to grasp the subsequent steps:

  • Login on Vidhyalakshmi Student Loan web site together with your ID and watchword.

  • From your Vidhyalakshmi Student Panel choose the choice ‘Loan Application Form’

  • Read the directions on the Common Education application type page.

  • Click on the tabs from on top of one by one and fill the main points as mentioned within the list on top of

  • Save every page before moving to ensuing tab

  • On the ultimate page transfer necessary documents and save your complete application

  • Click the check box of declaration on the ultimate page of documents transfer

  • Click on the link ‘website (click wrap) agreement terms & conditions’ below the checkbox

  • Submit your application by clicking on ‘Submit’ button

Application procedure

After you’ve skilled this method choosing and applying for a student loan theme is pretty simple. We’re achievement some vital steps and peculiar points to recollect whereas applying for a Vidhyalakshmi Education Loan.

Search for Associate in Nursing acceptable Education Loan from the Vidhyalakshmi web site as per the directions arranged higher than

From the Vidhyalakshmi Loan theme Search Screen click on loan schemes of your alternative and check their details.

Try to explore for options like:-

  • Maximum Loan quantity

  • Minimum Education Loan rate of interest

  • Minimum Margin Loan Payment

  • Maximum Loan compensation length

  • Longer Moratorium period/Holiday amount/Loan Commencement Period

  • Least additional charges like Collateral review Charges/Documentation Charges etc.

  • On the Loan theme Search Screen, you’ll realize possibility of ‘Apply Now’ below every education loan theme

  • You can apply to a most of three Education Loan theme, thus take care.

  • Clicking on Apply button can request you for confirmation. make sure your choice

Application tracking

It is important for Student Loan candidates to stay a detailed check on the scholar application standing for his or her on-line application. you must reply or follow directions received from any communication by Bank officers or authorities. to visualize your Vidhyalakshmi Education Loan Status:-

  • Visit the Vidhyalakshmi Student Login and reach your Vidhyalakshmi Student Home Screen

  • You can realize possibility for ‘Application Status’ on the house screen itself

  • Click thereon to seek out details regarding application standing

  • Generally it takes any bank fifteen days or less to retort for any loan question and lift demands for any supporting documents or undertakings.

Caution: Any email/phone call/sms request created by the bank for valid details, ought to be replied at intervals fifteen days of communication. Failing this step may result in Education Loan Cancellation.


Q1: am i able to get education loan from multiple banks with Vidhyalakshmi Portal?
Vidhyalakshmi Portal could be a student application portal by Government of Bharat. It permits students to use for at the most three completely different student loans from numerous banks. presently students will solely proceed one sanctioned student application on the Vidhyalakshmi Portal however it lies utterly on the discretion of loaning bank if they need to merge the loan with alternative banks and facilitate the to pursue educational activity. Students could strive offline consultation for such requests with the various banks, once they need approved the Vidhyalakshmi Education application.

uantity time will it reckon a mean education empowerment from Vidhyalakshmi Portal?
Because the complete application method on Vidhyalakshmi Portal is totally digitised, the empowerment continually takes relatively lesser than offline applications at the bank branches. the typical turn-around-time for associate degree student application with the portal is 10-12 days. It depends on the magnitude of the study loan requested and if the education loan is for domestic studies or foreign education. the most time that any application could take is twenty days.

Q3: am i able to apply for NBFC Education Loans from Vidhyalakshmi Portal?
No, Vidhyalakshmi Portal is merely meant for Indian Nationalised or personal Banks. The portal keeps on adding additional banks and loan schemes to its lists. Students will make a choice from numerous rate choices and avail education loan grant directly from the portal. Therefore it's continually useful to contemplate all student loan choices from authorised banks on the portal before checking out any un-secured student loans as provided by NBFCs.

Q4: what percentage banks and education loan choices ar there on the Vidhyalakshmi Portal?
There are presently thirty six banks non  -commissioned on the Vidhyalakshmi Portal for numerous Domestic and International Student loan services. These banks together ar providing a complete of one hundred ten student loan schemes at numerous interest rates starting from seven.00% to eighteen supported numerous eligibility criteria for student loans. Students could fill the Common Education application kind (CELAF) to submit applications for as several as 3 completely different Loan Programs.

Q5.What square measure the options of Vidya Hindu deity Portal?
Vidya Hindu deity Portal provides single window for college kids to access info and build application for academic Loans provided by Banks and Govt Scholarships. it's the subsequent features:

Information concerning academic Loan Schemes of Banks

Common academic application type for college kids

Apply to multiple Banks for academic Loans

Facility for Banks to transfer Students Loan Applications

Facility for Banks to transfer loan process standing

Facility for college kids to email grievances/queries regarding academic Loans to Banks

Linkage to National Scholarship Portal for info and application for Govt Scholarships

Q6.How am i able to apply for academic loan through Vidya Lakshmi?
Someone should register and login to Vidya Hindu deity portal then fill-up the Common Education application type (CELAF) by providing all the mandatory details. when filling the shape, the someone will explore for academic Loan and APPLY as per his/her desires, eligibility and convenience.
Alternatively, someone also can explore for academic Loan when login and apply for the acceptable academic Loan by filling the CELAF.

Q7. What is Common academic application type (CELAF)?
The Common academic application type is that the single type that students will fill to use for academic Loan to multiple banks / schemes. CELAF is that the form prescribed by Indian Banks Association (IBA) and accepted by all banks. this manner is provided on Vidya Hindu deity portal to use for academic loan.

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