A special loan product of collateral-free and guarantor-free education loans for students admitted to QHEIs.
The loan amount depends on the course fee and other associated expenses (mess, hostel fee, refundable and non-refundable fees, laptop, living expenses) with no upper limit.
75% credit guarantee by the Government of India for loan amounts up to тВ╣7,50,000, irrespective of family income.
3% interest subvention on loans up to тВ╣10,00,000 for students with annual family income up to тВ╣8,00,000 during the moratorium period (course period plus one year).
Full interest subvention is already offered to students with up to тВ╣4,50,000 annual family income under PM-USP CSIS for technical/professional courses.
Up to 1% additional interest concession if interest is serviced during the study period and the moratorium period.
Repayment period up to 15 years, excluding moratorium period.
The interest subvention amount will be credited to PM-VIDYALAXMI DIGITAL RUPEE APP (CBDC WALLET) of the beneficiary and on redemption on the app by the beneficiary, the amount will be transferred to the beneficiary loan account.
Top 100 ranked HEIs in the overall/category-specific and/or domainspecific rankings in latest list of NIRF published by the Ministry of Education.
Top 200 ranked HEIs under the governance of state/UT governments in the latest list of NIRF published by the Ministry of Education.
All remaining HEIs under the governance of the Government of India.
_*Indian campuses of foreign education institutions, foreign campuses of Indian education institutions and foreign education institutions will not be covered._
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**Online**
**REGISTRATION**
**Step 1:** Visit the [Official Website](https://pmvidyalaxmi.co.in/) of the "Pradhan Mantri Vidyalaxmi (PM-vidyalaxmi) Scheme"
**Step 2:** In the top ribbon, click "Login" > "Student Login".
On the next screen, click "Create an Account", you will be taken to the "Student Registration" page.
**Step 3:** Student to register through AADHAAR for availing benefits under the PM-Vidyalaxmi Scheme, which includes education loan, interest subvention, and credit guarantee coverage and can apply for Interest Subvention, if eligible.
**Step 4:** In the registration form, provide the following mandatory details - Applicant Name, Mobile Number, Email ID.
Verify the Mobile Number and the Email ID via OTP.
**For Students**
- The applicant must be an Indian citizen.
- The applicant must get merit-based admission to one of the 860 designated Quality Higher Educational Institutions (QHEIs) in India.
- The applicant must not be admitted through the management quota or a similar quota.
- The app...
- A special loan product of collateral-free and guarantor-free education loans for students admitted to QHEIs.
- The loan amount depends on the course fee and other associated expenses (mess, hostel fee, refundable and non-refundable fees, laptop, living expenses) with no upper limit.
-...
**Online**
**REGISTRATION**
**Step 1:** Visit the [Official Website](https://pmvidyalaxmi.co.in/) of the "Pradhan Mantri Vidyalaxmi (PM-vidyalaxmi) Scheme"
**Step 2:** In the top ribbon, click "Login" > "Student Login". On the next screen, click "Creat...