PM Vidyalaxmi Scheme Online Registration 2026: Portal Link and Application Process

The PM Vidyalaxmi Scheme is an education loan initiative of the Government of India designed to help eligible students pursue higher education without facing financial barriers. Through the unified PM-Vidyalaxmi Portal, students can register online, submit a common education loan application and choose banks for processing their loan request.

Students can also use the portal to check their loan application status and apply for interest subvention, subject to the applicable scheme conditions. The official portal is maintained by Canara Bank on behalf of the Department of Higher Education, Ministry of Education.

PM Vidyalaxmi Scheme Online Registration Portal Link

Students can register directly through the official PM-Vidyalaxmi student registration page. Use the following links to access the portal:

What is the PM Vidyalaxmi Scheme?

PM-Vidyalaxmi is a unified digital platform through which students can apply for education loans offered by participating banks. The scheme provides a special collateral-free and guarantor-free education loan facility to eligible students admitted on merit to notified Quality Higher Educational Institutions (QHEIs) in India.

Students from all family income groups may apply for the education loan facility if they meet the applicable admission and institutional conditions. Interest subvention is a separate benefit and is subject to income limits and other scheme rules.

PM Vidyalaxmi Scheme Benefits

• Online application for education loans through a unified portal.
• Collateral-free and guarantor-free loan facility for eligible students admitted to notified QHEIs.
• Students can select up to three banks while submitting an education loan application.
• Eligible students with annual family income up to ₹8 lakh can receive 3% interest subvention on education loans up to ₹10 lakh, subject to scheme conditions and annual beneficiary limits.
• Loan application tracking and bank communication through the portal.
• Online facility to opt for and apply for eligible interest subvention.
• Access to information about education loan schemes offered by participating banks.

PM Vidyalaxmi Scheme Eligibility Criteria

Eligibility depends on the type of benefit being requested. The main education loan facility and the 3% interest subvention benefit have different conditions.

Education Loan Eligibility

• The student should secure admission on merit through an open competitive examination or merit-based admission process.
• The institution must fall under the notified Quality Higher Educational Institutions (QHEIs) covered by the scheme.
• The course should be an eligible degree or diploma programme in India.
• Admission through management quota or similar quota is not eligible for the special PM-Vidyalaxmi loan facility.
• Students from all family income groups may apply for the education loan, subject to the scheme and bank conditions.

Eligibility for 3% Interest Subvention

• Annual family income should be up to ₹8 lakh.
• The student must be studying in an eligible Quality Higher Educational Institution.
• Interest subvention is available on education loans up to ₹10 lakh, subject to scheme conditions.
• The benefit is provided on interest accrued during the moratorium period, which generally includes the course period plus one year.
• The scheme provides a maximum of one lakh such interest subventions per year, subject to the selection procedure.

Final eligibility and the list of covered institutions should always be checked on the official portal and in the applicable scheme guidelines.

Documents Required for PM Vidyalaxmi Registration

Students should keep the following information and documents ready. The exact documents required may vary according to the bank, loan application and interest subvention claim.

• Students Aadhaar details.
• Valid mobile number and email ID.
• PAN and address proof, where required.
• Previous qualifying examination marksheets.
• Entrance examination result, if applicable.
• Admission offer letter from the institution.
• Course fee structure.
• Income certificate or proof of family income from the competent authority, if applying for interest subvention.
• Student photograph.
• Parent or guardian details and photographs, wherever required.
• Co-obligant or guarantor details, if applicable to the selected loan product.

How to Register for PM Vidyalaxmi Scheme Online?

Follow these steps to create an account on the official PM-Vidyalaxmi Portal:

1. Visit the official website at pmvidyalaxmi.co.in.
2. Open the Student Registration or Sign Up page.
3. Enter the applicants name as mentioned on the Class 10 marksheet.
4. Provide a valid 10-digit mobile number.
5. Enter an active email ID. The registered email ID will be used as the student login ID.
6. Create a password according to the portals password requirements.
7. Complete the captcha and accept the applicable terms and privacy conditions.
8. Submit the registration details and complete any verification requested by the portal.
9. Log in using the registered email ID and password.

Password instruction: The registration page specifies a minimum of eight characters, including at least one lowercase letter, one capital letter, one number and one special character.

How to Apply for an Education Loan on PM Vidyalaxmi Portal?

After registration, students can complete the common education loan application by following the portal instructions:

1. Sign in to the PM-Vidyalaxmi Portal.
2. Select the Apply Loan option.
3. Fill in personal and contact details.
4. Enter course, college and admission information.
5. Upload the required documents.
6. Search and select the preferred bank and branch.
7. Students can select up to three banks as permitted by the portal.
8. Review the application carefully and submit it.
9. Use Track Loan Application to monitor the application status and respond to bank queries.

Loan approval, interest rate, repayment terms and disbursement are decided by the selected bank according to its applicable policies and the scheme guidelines.

PM Vidyalaxmi Interest Subvention: 3% Interest Benefit

Under the PM-Vidyalaxmi framework, eligible students with annual family income up to ₹8 lakh can receive 3% interest subvention on education loans up to ₹10 lakh. The benefit applies to interest accrued during the moratorium period, subject to the schemes eligibility rules and annual beneficiary limit.

Students should select or opt for the interest subvention facility on the portal where applicable and complete the required documentation. The bank and scheme authorities will verify the claim before the benefit is processed.

How to Check PM Vidyalaxmi Loan Application Status?

1. Visit the official PM-Vidyalaxmi Portal.
2. Open the Student Login page.
3. Log in using your registered email ID and password.
4. Open the Track Loan Application section.
5. Check the latest status and any bank query or document requirement.
6. Respond to pending requirements through the instructions provided by the portal or bank.

PM Vidyalaxmi Official Links

PM Vidyalaxmi Scheme Helpline

For portal-related assistance, students can contact the PM-Vidyalaxmi Portal support team.

• Toll-Free Number: 1800 1031
• Email: support@pmvidyalaxmi.co.in
• Portal: PM-Vidyalaxmi Official Website

Frequently Asked Questions (FAQs)

Important Disclaimer

This article is for informational purposes. Loan approval, interest rates, repayment terms, institutional eligibility and interest subvention are governed by the official scheme guidelines and the selected bank policies. Students should verify their eligibility, documents and application status through the official PM-Vidyalaxmi Portal before making any decision. Do not share passwords or OTPs with anyone.