Subsequent to the announcement of Hon’ble Finance Minister, Vidya Laksmi Portal has been set up from 15.08.2015. The portal has been developed by National Securities Depository Limited (NSDL) e-Governance Infrastructure Ltd. The principal purpose of the Portal is to have facilities of education loan, scholarship & other student’ friendly facilities through one link. Under this, any Indian student can apply for Educational loan on line at : www.vidyalakshmi.co.in. The portal is also linked to the e-scholarship Portal: www.scholarships.gov.in
The Portal is a gateway to Banks for education loan and also has linkages with National e-Scholarship Portal (NeSP) inaugurated by the Prime Minister on 01.07.2015 as a part of Digital India initiative managed by Centre for Good Governance under DEITY. The Portal is information friendly with relevant information for students. The Portal has the facility of tracking the students right from the inception of the loan application until the completion of sanction of loan or otherwise. Students can view, apply and track their education loan applications to banks anytime, anywhere by accessing the Portal. The Portal would be useful for students, parents, educational institutions, bankers, employers, researchers etc. 26 banks have registered so far and 52 loan schemes have been uploaded in Vidya Lakshmi Portal.