Government Schemesv1 · 1 version
PM Vidyalaxmi — Collateral-Free Education Loans
PM Vidyalaxmi lets a student who wins a merit seat at one of India's top-ranked colleges borrow the whole cost of studying there without pledging security or finding a guarantor, and hands part of the interest bill to the government for families earning below ₹8 lakh a year.
Last updated 29 July 20265 min read
Latest update
Sets out PM Vidyalaxmi as it stands: 1,425 listed institutions, a 75% credit guarantee on loans up to ₹7.5 lakh, 3% interest subvention below ₹8 lakh family income, and 67,728 loans disbursed in FY 2025-26.
- PM Vidyalaxmi
- education loan
- interest subvention
- QHEI
- NIRF
- NEP 2020
- PM-USP CSIS
- credit guarantee
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