It’s a one-of-its-kind portal providing single window for students to access information and make application for educational loans provided by banks as well as for government scholarships.
Vidya Lakshmi has been launched for the benefit of students seeking educational loans. The portal has been developed and maintained by NSDL e-Governance Infrastructure Limited under the guidance of Department of Financial Services, Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).
Earlier, Union Finance Minister Arun Jaitley in the Union Budget for 2015-16 had proposed to set-up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well as Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK) to ensure that no student misses out on higher education for lack of funds, added the release.
The launch of the aforesaid portal is a first step towards achieving this objective