VidyaLakshmi
Helping young Indians dream bigger by making educational loans more accessible
What is Vidyalakshmi?
VidyaLakshmi is a first of its kind portal for students seeking education Loan. It has been developed by Protean under the guidance of Department of Financial Services (Ministry of Finance), Department of Higher Education (Ministry of Education) and Indian Banks Association (IBA). Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal.

Spotlight
Empowering the leaders of tomorrow
3.26 million students registered.
0.5 million students got education loans.
~ 0.12 million students got education loans in 2022.
~ 0.11 millionstudents got education loans in 2023.
Brands we have worked with
Testimonials

The portal has been designed to make it simple and easy for aspiring students to move forward with their aspirations. The portal provides:
- Information about educational loan schemes of banks
- Common Educational Loan Application Form for students
- Apply to multiple banks for educational loans
- Facility for banks to download student loan applications
- Facility for banks to upload loan processing status
- Facility for students to email grievances/queries relating to educational loans to banks
- Linkage to National Scholarship Portal for information and application for government scholarships
- Path to avail subsidy related education loan scheme, through www.jansamarth.in

Our aim is to ensure that no aspiring student misses out on higher education for lack of funds
- By providing a single-window access to search for government scholarships and loans available from banks
- A single destination to view, apply and track the education loan applications to banks
- In our quest to promote sustainable development through various innovative technology solutions, one of our areas of focus has been to bring about inclusivity in education

Simplifying your educational journey
- The platform provides a common education loan application form for students and also facilitates access to banks to process applications made by students for education loans
- Through VidyaLakshmi, students can also track their application status and also communicate online with banks. The system also allows monitoring and analysis of the portal by various stakeholders including Central Government

Enabling education for all
- Improving accessibility to education and skill financing through creation of efficient digital marketplaces
- Enabling discovery of financial resources
- Since the launch of the portal on August 15, 2015, the facility of online submission of education loan applications is available in respect of 40 banks which have registered 76 educational loan schemes on the VidyaLakshmi portal and more than 3.2 million students have registered on the portal, as of December 31, 2022
- The portal facilitates tracking the loan right from application to sanction or otherwise
- The portal provides information on educational loan schemes of various banks, application process, helps download loan applications and offers loan processing status, offers linkage to the national scholarship portal for information and application for government scholarships, and has a facility to email grievances/queries