A web-based portal viz. Vidya Lakshmi (http://www.vidyalakshmi.co.in) has been launched for students seeking educational loans. Vidya Lakshmi was launched on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking educational loans. The portal has been developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) under the guidance of Department of Financial Services, Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).
So far, 13 banks have registered with 22 Educational Loan Schemes on the Vidya Lakshmi portal and 5 Banks viz; SBI, IDBI Bank, Bank of India, Canara Bank and Union Bank of India have integrated their system with the portal for providing loan processing status to students. This initiative aims to bring on board all banks providing educational loans. It is expected that students throughout the country will be benefited by this initiative of the government by making available a single window for access to various Educational Loan Schemes of all banks.
By Bureau :itnbureau@gmail.com
