Many aspiring students may find it very difficult to convince bankers to get an educational loan for higher studies. Quite often, they have to run from one bank to other to get the loan. Hence, many poor but bright students are betrayed of their chance of higher studies and settling with small jobs.

Keeping such students in mind, Centre has launched a web site- www.vidyalakshmi.co.in to enable the students get educational loans through on-line with much ease. Total 13 banks including SBI, IDBI, Canara Bank and Union Bank of India have joined this noble program as partners. They have agreed to offer educational loans to the students through this portal run by Union Finance Ministry. Total 22 types of educational loans are offered through this vidyalakshmi portal. All details pertaining loan process, proofs, eligibility criteria, application forms etc. are available in the portal. Students, who wants to pursue higher studies can check the details and apply for educational loan on-line though this portal. They can also monitor their loans status at their convenient time without running around the banks. Thanks Modijee.