It is aimed to ensure that no student misses out on higher education for lack of funds, said the release, adding that the launch of the portal is the first step towards achieving this objective.
In the event that you have figured out how to secure the much looked for after offer letter from any Ivy League University or a best foundation in India or abroad, there may be chances that you would require a bank credit or educational loan to have the capacity to finance the admissions. To have the capacity to do as such, you can investigate a solitary window arrangement of ‘Vidya Lakshmi’ to apply for any of the 34 banks at one place.
Vidya Lakshmi is an platform created under the direction of Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA).
Applying for advance at this entry is a cakewalk. A student just needs to do the login, trailed by documenting up of Common Education Loan Application Form (CELAF). The CELAF is a solitary frame that student can fill to have the capacity to apply for instructive advance to various banks. This is the form recommended by Indian Banks Association (IBA) and henceforth, acknowledged by all banks.Some of the banks enrolled with Vidya Lakshmi are Allahabad Bank, Bank of Baroda, Dena Bank, Bank of India, Canara Bank, Corporation Bank, IDBI Bank, ICICI Bank, Indian Bank, Indian Overseas Bank and Karur Vysya Bank, among others
Before applying, one can scan for different advances on the gateway and pick the offer contingent upon one’s necessity. At that point one can apply for a educational loan at any of the banks enlisted with Vidya Lakshmi. On the off chance that the credit gets dismissed then the student can apply for two more banks out of the rest of the rundown of 33 banks.
The gateway empowers banks and student to arrange with each other at the portal. Not exclusively would students be able to apply for banks here, even the banks can download the student frames here. Other than this, the students can even send their grievances, assuming any, specifically to the banks via the website.
Subsequent to applying for advance here, the student can check the credit application status on the website. In the event that the bank happens to dismiss the credit, the students can attempt her fortunes at another bank enlisted with the website platform. In any case, it must be noticed that a student can apply for a greatest of three banks through Vidya Lakshmi Portal.