PM Student Loan Yojna: Education is the basis of our life. If you are educated then you can go much further in your life. Efforts are also being made from time to time by the government so that everyone can be educated. Education is the basic basis of life without which nothing is possible. In view of this, the government continues to provide new incentives for the students from time to time.
Financial assistance to complete his studies
Many times children of poor families do not have enough money to complete their education. The government is assisting them for this. A new scheme has been operated by the government, under which financial assistance is provided to those students who are unable to complete their studies due to economic shortage. The name of this scheme is Prime Minister Vidya Lakshmi Education Loan Scheme “. This scheme helps those students who are unable to continue studying due to lack of adequate money.
Government launched Prime Minister Vidyalakshmi Education Loan Scheme
Prime Minister Vidya Lakshmi Education Loan Scheme provides them with lawn so that they can bear the expenses of going to school. Vidya Lakshmi Portal is specially designed for students who are poor and who do not have much money. The government has implemented this scheme to help these students. Many times talented children are left behind due to lack of money
In such a situation, the government is supporting these students and is providing financial assistance through PM Vidhya Lakshmi Education Loan Yojana 2024 to encourage them to continue their studies. There are 38 bank registers under this scheme which provide loans to students.
प्रधानमंत्री लोन योजना फॉर्म
Equal opportunity should be available to all
Under PM Vidya Lakshmi Education Loan Yojana 2024, loans of ₹ 50,000 to ₹ 6.5 lakh can be taken from many banks and financial institutions. This lawn can be repaid over a period of 5 years. Interest rates for these loans are usually between 10.5% to 12.75% every year, which makes them even more attractive for students seeking financial support. The aim of this scheme is that financial obstacles should not be an obstacle to any students in getting higher education. And equal opportunities can be available for all.
Essential eligibility for taking lawns
- The applicant should be a citizen of India to avail this scheme of the government.
- In the 10th and 12th grade examinations, the applicant has secured minimum 50% marks.
- You have to get admission in a recognized institute for higher education.
- You have to express the ability to repay the debt.
- Once students apply on Vidya Lakshmi portal, the bank reviews their application.
Documents required to take loan
- Application form
- Identity card
- Income certificate
- Caste certificate (if applied)
- proof of address
- 10th and 12th grade marksheets
How to apply for loan
- Official website to start your nomination in this scheme (www.vidyalakshmi.co.in) will go on.
- Now on the right of the homepage, the “Register” option will come, you have to click on it.
- After providing necessary registration information and consent, the form has to be submitted.
- A link will be sent to your paragistor email, which will be valid for 24 hours.
- You have to click on the link to complete your account after completing the registration process.
- Now we have to log in to the portal using email, password and captcha as a student.
- Now click on “Loan Application Form”.
- Now the form has to be filled and Necessary documents have to be uploaded.
- Now the option to apply in the loan scheme has to be selected.
- Then the name, place, loan amount of the syllabus will have to be recorded.
- Now a list of banks will come according to your criteria.
- Now you have to do a bank cell.
- The necessary information has to be filled here.
- In this way, your application for loan will be completed under PM Vidya Laxmi Yojana.
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