Pradhan Mantri Vidya Lakshmi Yojana
Pradhan Mantri Vidya Lakshmi Yojana: The government is running many schemes for the people of the country, in which many schemes related to education are also being run, through which efforts are being made to raise the level of education. One such scheme is Pradhan Mantri Vidya Lakshmi Yojana, in which the government provides a loan of 50,000 to 6,50,000 for education. In this scheme, the government provides loan facility at low interest rate to those children who are helpless in getting education due to financial constraints, so that they can get higher education and become self-reliant.
What is Pradhan Mantri Vidya Lakshmi Yojana? Vidya Lakshmi Yojana is a government scheme which is run by the Department of Education, India. In this, a loan of up to 6 lakh rupees is given. Its main objective is to provide higher education opportunities to children. To apply in this, one can apply by visiting its official website www.vidyalakshmi.co.in.
Objective of the scheme
The objective of Pradhan Mantri Vidya Lakshmi Yojana is to provide educational opportunities to poor and helpless children so that those children who are not financially capable can get education without any problem and become self-reliant. For this, the government is providing a loan of Rs.50,000 to Rs. 6,50,000, in which only 10.5% to 12.75% interest will be charged per annum. So that the students who are not able to complete their education due to lack of money can complete their education by taking advantage of this scheme.
Benefits of the scheme
- Under Pradhan Mantri Vidya Lakshmi Yojana, loan of upto Rs 6 lakh is provided to poor and helpless children.
- It has a very low interest rate, ranging from 10.5% to 12.75%.
- Under this scheme the loan amount has to be returned within a period of 5 years.
- Under this scheme loan can be taken from 38 banks which have been determined by the government.
- The benefit of this scheme is given to children living below the poverty line.
- By taking advantage of this scheme children will be able to get higher education and become self-reliant.
Eligibility
- Residents of India can apply for Pradhan Mantri Vidya Lakshmi Yojana.
- To apply for this, the age of the applicant should be between 18 to 35 years.
- It is mandatory for the candidate to have a bank account for this scheme.
- The benefit of this scheme will be available only when the annual income of the applicant’s family is less than ₹ 200000.
- To avail the benefits of this scheme, the applicant must have passed the 10th and 12th examinations with 50% marks.
- The benefit of this scheme will be given only if the applicant is studying in a higher institution.
How to apply
- To apply for Pradhan Mantri Vidya Lakshmi Yojana, you can apply by visiting its official website.
- After visiting the official website. home page will open in front of you.
- Now click on the registration option here and fill in all the required information.
- Now login with the help of login ID and password.
- Now its application form will open in front of you in which you fill in all the necessary personal information like name and address correctly.
- After this, upload all the necessary documents like Aadhaar, residence, signature.
- After this, submit the correctly filled form.
- Now, after checking the application form by the concerned officials and finding eligible, you will be given the benefit of this scheme.
