Dedicated portal for education loans, scholarships

New Delhi, Aug 20 (IANS) A dedicated web portal has been launched for the students to access all kinds of educational loans and government scholarships, an official statement said on Thursday.

The portal – www.vidyalakshmi.co.in – was launched by the finance ministry, the human resource development ministry and Indian Banks Association (IBA).

The portal will provide a single window for students to access information and apply for various educational loans and government scholarships, the statement said.

A common education loan application form for students, ability to apply to multiple banks for education loans, facility for banks to download students’ loan applications, facility for students to e-mail grievances, a dashboard to view the status and linkage to national scholarship portal for information on government scholarship are some of the features.

Earlier, Finance Minister Arun Jaitley proposed to set up a fully IT-based student financial aid authority to oversee education loan and government scholarships under Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK) to ensure that no student missed out on higher education due to insufficient financial resources.

The launch of the portal is the first step in this direction, the government added in the statement.

As many as 13 banks have registered 22 education loan schemes on www.vidyalakshmi.co.in while five banks –SBI, IDBI, Bank of India, Canara Bank and Union Bank, have integrated their system with the portal.

National Securities Depository Limited e-governance Infrastructure Limited (NSDL e-gov) developed the portal and will maintain it.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here