Government scheme · Students
PM Vidyalaxmi
PM Vidyalaxmi makes education loans easier for students who get into quality higher education institutions. Students apply on a single portal, and banks give loans without collateral or a guarantor.
Visit official websiteWho can apply
- Students admitted to a quality higher education institution covered by the scheme, based on NIRF rankings
Key features
- Collateral-free and guarantor-free education loans covering tuition and other course costs
- Government credit guarantee on a part of the loan
- Interest subvention for students from families within the scheme’s income limit
- One portal to apply to multiple banks
How to apply
- Register on the PM Vidyalaxmi portal
- Fill in the common education loan application form and choose banks
- Track your application and interest subvention on the portal
Need money sooner?
Check your pre-approved Bachatt Insta Loan offer — up to ₹5 lakh from RBI-regulated partner banks and NBFCs, with no paperwork.
Frequently asked questions
Do I need a guarantor for a PM Vidyalaxmi loan?+
No. Loans under PM Vidyalaxmi are collateral-free and guarantor-free.
More government loan schemes
See all government loan schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.