What is PM-Vidyalaxmi?
PM-Vidyalaxmi is a unified government portal for students seeking education loans for higher education. It serves as an exclusive platform for individuals pursuing studies both within India and abroad, connecting them with various financial institutions. The portal simplifies the process of applying for educational loans and interest subvention schemes. Students can register on the portal and fill out a single application form for an education loan. They can then submit this application to scheduled commercial banks, co-operative banks, regional rural banks, and private banks. The platform also allows students to opt for interest subvention schemes, simplifying the overall application and financial aid process for their studies.