Bahra University - Shimla Hills

How to apply for PM Vidyalaxmi loan

PM Vidyalaxmi Scheme: Collateral-Free Education Loans up to Rs 7.5 Lakh for Top-Tier Institutions; Check Eligibility and How to Apply

PM Vidyalaxmi Scheme: Collateral-Free Education Loans up to Rs 7.5 Lakh for Top-Tier Institutions; Check Eligibility and How to Apply

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July 15, 2026

The Union Cabinet has approved the PM Vidyalaxmi Scheme to assist meritorious students facing financial constraints in pursuing higher education. Under this scheme, students securing admission to the country's top 860 educational institutions can access collateral-free loans up to Rs 7.5 lakh with no processing fees.