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The Government of India has launched a new portal called Vidya Lakshmi ( for the benefit of the students. The portal is aimed at providing loans for the students aspiring to go for higher education.

The students can apply for education loans through this portal. SBI, IDBI, Bank of India, Punjab National Bank, Kotak Mahindra, and several other banks are part of this program. About 13 banks have partnered with this scheme and the number is growing. The Government of India has launched this website on the occasion of Independence day.

The students have to register through the website and can apply online for the education loan. There are three easy to follow steps to register on the website.

The students have to register online initially. After that they have to fill the single application form which will be suitable for all the participating banks. Then apply for multiple banks as per the guidelines on the website. The details of the Vidya Lakshmi loan scheme is available on the website.

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