It is a student friendly sarkari yojana 2025.
In this, the government focuses on poor or financially weak students who leave their education due to financial burden.
That’s why the Government of India launched the PM education loan yojana—a student first platform to help Indian youth to access education loans easily and transparently.
Under this scheme, students can easily apply for educational loans through a single portal, without running from one branch to another.
Key Objectives of the Vidyarthi Loan Scheme 2025:
- Making the student loans process simple, easy, and fast.
- Offering one platform to easily compare and apply for loans from multiple banks.
- Speedy approval process for quicker access to funds in their zero bank account.
- Providing students to connect with both government and private banks under one portal.
Eligibility Criteria for PM Vidya Lakshmi Scheme.
To apply for this sarkari yojana, students you must:
- Be an Indian citizen first.
- Be enrolled in a recognized educational institute (India or abroad).
- The enrolled course must be approved by UGC, AICTE, IMC, CBSE, or equivalent bodies.
- Be at least 18 years old (If under 18, parents/guardians can apply on your behalf).
Required Documents.
Financial freedom for students
To apply for this PM education loan yojana, you’ll need:
- Completed application form from the Vidya Lakshmi portal.
- ID proof (Aadhar, PAN, passport, etc.)
- Address proof (electric bill, voter ID, etc.)
- 10th, 12th and graduation marksheets, admission letter.
- Course fee structure.
- Income certificate of parents/guardian. (aay praman patra)
- Property documents (if loan is over ₹10 lakh).
How to Apply – Simple 5-Step Process - Go to https://www.vidyalakshmi.co.in
- Register as a student with your personal details.
- Log in, click “Apply for Education Loan”, and then choose your course/bank.
- Upload all the scanned documents.
- Once submitted, wait for the bank to process and approve for your loan.
Benefits of PM education loan yojana:
- You can apply to multiple banks at one time.
- Transparent and easy-to-follow process. (No fraud as it is government launched scheme)
- You can easily compare schemes from public to private banks.
- Enjoy the subsidies and repayment support.
- Special preference for students from weaker sections and girls. (Rest SC/ST/EWS/RESERVED CATEGORIES)
Loan Amount under PM Student Fund.
For studying in India:
- Up to ₹10 lakh without security.
- More than ₹10 lakh requires property/security as surety.
For studying abroad:
- Up to ₹20 lakh (may go higher depending on the course and institute). It depends on the country.
- Interest Rates and Repayment is eligible
- Interest rates vary bank to bank (usually between 8% to 12% annually).
- Government banks usually offer lower interest compared to private ones. But it’s difficult to approve loans from government banks.
- Repayment starts 6-12 months after course completion.
- Many banks also offer a moratorium period where interest is waived until the course ends.
TOTAL REPAYMENT PERIOD IS UPTO 10 to 15 YEARS.
Important Tips Before You Apply
- Only apply to UGC/AICTE/ICAR/NAAC/IMC recognized institutions.
- Foreign institutions should be ranked in QS/Times/Forbes rankings.
- Distance learning and unrecognized courses are not eligible.
For Help and Support
Visit the official portal: www.vidyalakshmi.co.in
Toll-Free Helpline: 1800-266-7171
FAQs
Q: Why are my childrens loans not approved until 2025?
A: Many student loan schemes offer a moratorium period, which delays repayment until after course completion—usually 6 to 12 months later.
Q: Who is eligible for the PM Vidya Laxmi scheme?
A: Any Indian student at the age of 18 and above studying in a recognized institute in India or abroad can apply.
Q: Can I get a 100% education loan?
A: Yes, based on the course and your eligibility, banks may finance up to 100% of tuition and other expenses fees.
Q: What is the student loan scheme of PM Modi?
A: The PM Vidya Lakshmi Scheme is the PM Modi government’s initiative to offer easy and transparent student loans through a single portal.
Q: Who can apply for the PM loan scheme?
A: Any Indian citizen pursuing a recognized course can apply via the Vidya Lakshmi portal.
Q: Who is eligible for a government education loan?
A: Students studying in UGC, AICTE, NAAC, IMC approved institutes (in India or abroad) are eligible under government schemes for students.
School Dropout Rates in India (2021–22)
According to the Unified District Information System for Education Plus (UDISE) 2021–22, the dropout rates across different educational sectors are as follows:
- Primary Level (Classes 1–5): 1.5%
- Upper Primary Level (Classes 6–8): 3.0%
- Secondary Level (Classes 9–10): 12.6%
These figures indicate that the highest dropout rate is at the secondary level (10+2), with over one in ten students leaving school before completing Class 10.
State-wise Secondary Level Dropout Rates (2021–22)
Some states have reported higher than average dropout rates at the INTER level:
- Bihar: 20.46%
- Assam: 20.3%
- Andhra Pradesh: 16.3%
- Arunachal Pradesh: 11.7%
- Chhattisgarh: 9.7%
- Dadra & Nagar Haveli and Daman & Diu: 9.5%
- Jharkhand: Over 15%
- Uttar Pradesh: Nearly 9%
- Haryana: 13.8%
- Rajasthan: 11%
Trends Over Time
The dropout rate at the 10+2 has shown a decline over the years:
- 2013–14: 21%
- 2021–22: 13%
This downward trend clearly tells that government educational schemes in past years was able to show progress in retaining students to secondary education.
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