Loans

Vidya Lakshmi

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 21^st 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."

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 Education) and Indian Banks Association (IBA).The portal has been developed and being maintained by Protean eGov Technologies Limited (Formerly NSDL eGovernance Infrastructure Limited). Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal. The portal also provides linkages to National Scholarship Portal.

Vidya Lakshmi Portal link

Not able to find our Institute along with course name on Vidya Lakshmi Portal?

Follow below mentioned steps:-

1. While filling Common Education Loan Application Form on the portal, go to “Basic Information” tab.

2. Click on “No” to the 3^rd option viz” Have you taken admission for a Professional/Technical Course in NBA/NAAC accredited program/courses/Institute of National Importance/institutes which have approval of respective regulatory body.” (Note: Bharati Vidyapeeth Deemed University has NAAC accreditation of grade A++, due to technical glitches of portal, the name of the Institute and course may not appear in the search list.)
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4. On 5^th tab i.e. “Course Details” select option “Others” wherein enter name of the institute and course name and click on “Submit” button after which name of the Institution and name of the course will be auto fetched in the Course details.

Subsidy

Introduction

• CSIS is a unique scheme which pivots around the vision that no student desiring to pursue higher education is denied the opportunity based on their economic conditions.
• This scheme benefits all categories of economically weaker students for pursuing professional/ technical courses in India and intends to provide affordable higher education.
• The Scheme envisages to increase the number of qualified technicians/ professionals in the nation.

JanSamarth Portal link