Government launched education loan portal for students seeking loans.

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Government launched education loan portal for students seeking loans
 
i. On 20 August 2015, Government launched a web-based portal www.vidyalakshmi.co.in for the students seeking educational loans. In order to ensure that no student misses out on higher education due to lack of funds, finance minister in the Union Budget for 2015-16 had proposed to set a fully IT-based Student Financial Aid Authority.
 
ii. In line with this proposal this portal was launched with an aim to administer and monitor scholarship as well as educational loan schemes under the Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK). The launch of this portal also aims to bring all banks providing educational loans under one roof.
 
iii. The portal has been developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) under the guidance of Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).
 
iv. It is a first of its kind portal that provides access to information and makes application for educational loans provided by banks and also government scholarships under a single window.
v. The portal also has a provision to apply to multiple banks for educational loans and facility for banks to download students’ loan applications among others.

Comments

  1. How to Get Loans in India28 August 2015 at 01:12

    Thank you for the information you are providing to us it is helpful to me. Really a nice blogger you are.

    ReplyDelete
  2. Interest on Education Loan8 September 2015 at 00:54

    Thank you for the information you are persuading for us.It seems helpful to me and it will be glad to me to implement it.

    ReplyDelete

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