Pradhan Mantri Education Loan Online Registration, Required Document, Benefits & Eligibility Criteria

The Ministry of Finance has released the Pradhan Mantri Vidya Lakshmi academic mortgage scheme. underneath this scheme, the authorities of India presents economic assistance to students who want to keep their studies and are not able to gain admission to better have a look at courses due to their financial situation. This portal is a gateway for all students to get admission to finances and records associated with scholar loans and government scholarships. affords a single window to college students applying for the loan or scholarship through completing a single shape. The portal offers 22 distinctive academic mortgage schemes.

Pradhan Mantri Education Loan Overview

The simple objective of the scheme is to provide an clean and effective gadget for obtaining instructional loans so that any scholar can go away their training midway because of lack of price range.

Pradhan Mantri Education Loan Registration Process

• Sign up on the portal www.vidyalakshmi.co.in
• whole the common scholarship application shape, called the not unusual training mortgage utility form (celf). This shape is prescribed via the Indian banking association (IBA) and is prevalent by way of all banks.
• based totally at the eligibility criteria, the portal itself shows numerous schemes for which a student is eligible.
• the applicant can now pick out the instructional mortgage according to their needs, eligibility and convenience.

• As soon as the registration has been made and the CELAF has been filled out, you will be up to date at the approval or rejection of your loan on the portal. In case your mortgage is authorized, the mortgage amount will be transferred at once for your account. If your loan is rejected, you need to go to the bank itself. You may also get a waiting update to your loan popularity.

This means that the bank wishes greater information from your aspect, which is mentioned within the remark column. E mail and SMS alerts may also be generated to technique the scholarship.

Pradhan Mantri Education Loan Required Document

• Aadhar card
• Identity card
• Age certificate
• Mobile number
• Address proof
• Income certificate
• Passport size photograph.

Pradhan Mantri Education Loan Application Form

All candidates who desire to acquire a scholarship or mortgage for better education need to click on https://www.vidyalakshmi.co.in/students after which click at the "sign up" tab to achieve CELAF. CELAF is a standardized form by means of all taking part banks. The legal hyperlink will offer get admission to to a unmarried, all-inclusive application form.

Benefits of Pradhan Mantri Education Loan

• Students get information on pupil loan plans from banks.
• A simple student loan utility shape is to be had for college students.
• There's a provision to apply for educational loans to specific banks via a unmarried shape
• The site is related to the countrywide scholarship portal for records on a way to observe for authorities scholarships.
• Students can check the fame in their mortgage utility anytime, everywhere with easy get right of entry to to the website's manipulate panel feature.
• Banks also can add the mortgage processing fame.
• Banks also can download scholar loan applications.

Also Read : Pradhan mantri garib kalyan yojana 2021

Pradhan Mantri Education Loan Eligibility Criteria

• minimal degree finished in Baccalaureate or its equal.
• need to be an Indian citizen
• The pupil's discern / dad or mum ought to meet income standards.

Pradhan Mantri Education Loan Helpline Number

Toll Free Number - (022) 2499 4200

Fax Number -  (022) 2497 6351

Official Website - vidyalakshmi@nsdl.co.in