vidyalakmi Vidyalakshmi" (or Vidya Lakshmi) typically refers to the Vidya Lakshmi Portal, an Indian government initiative to provide a single-window platform for students seeking educational loans. This portal is managed by NSDL e-Governance Infrastructure Limited,

.Vidyalakshmi" (or Vidya Lakshmi) typically refers to the Vidya Lakshmi Portal, an Indian government initiative to provide a single-window platform for students seeking educational loans. This portal is managed by NSDL e-Governance Infrastructure Limited, under the guidance of the Department of Financial Services, Department of Higher Education, and Indian Banks’ Association.

Through Vidya Lakshmi, students can:

1. Apply to multiple banks for educational loans through a single application form.

2. Track loan applications online.

3. Access information on various educational loan schemes provided by banks.

4. Find relevant government scholarships and financial aid.

Students can register on the portal, fill out the Common Education Loan Application Form (CELAF)

, and submit it to banks. The portal is designed to simplify the loan application process, making higher education more ..Eligibility for educational loans through the Vidya Lakshmi Portal depends on the specific bank and loan scheme. However, general eligibility criteria across most banks include:

1. Student Eligibility

Nationality: The applicant must be an Indian citizen.

Admission Confirmation: Admission to a recognized educational institution in India or abroad is required. This could be for undergraduate, postgraduate, or professional courses.

Academic Performance: A good academic record is often a prerequisite. Some banks may require a certain percentage or grade.

Age Limit: Most banks have an age limit, typically between 16 and 35 years, though this may vary.

2. Course Eligibility

Courses eligible for loans include professional, technical, or vocational courses recognized by relevant authorities like UGC, AICTE, or IMC.

Loans are available for both domestic and international studies, depending on the bank's policy.

Eligible courses may include degrees in engineering, medicine, management, as well as other career-oriented and job-specific courses.

3. Co-applicant Requirement

Many banks require a co-applicant for the loan, typically a parent or guardian.

The co-applicant should have a stable income source to support the loan application if needed.

4. Financial Criteria

Banks often assess the co-applicant's income for repayment capacity.

Collateral may be required for higher loan amounts (often above INR 7.5 lakhs for domestic education loans).

Each bank may have additional requirements, so it's important to review the specific eligibility details on the Vidya Lakshmi portal or the respective bank’s website.