Ministry of Finance
Vidyalakshmi Portal for Education Loan
Posted On: 03 AUG 2018 6:10PM by PIB Delhi
Vidya Lakshmi Portal was launched by the Government on August 15, 2015 to ensure that students can avail loans easily through single window system of banks for education loans. Banks follow Indian Banks’ Association (IBA) guidelines in this regard which stipulates that education loan applications have to be disposed off, in the normal course, within a period of 15 to 30 days.
As per National Securities Depository Limited (NSDL), Year-wise number of applications made through Vidya Lakshmi Portal are as under: