Collateral-free, guarantor-free loans for students admitted on merit to listed Quality Higher Education Institutions, with an income-linked interest subvention on top.
Ministry of Education, Government of India · India
இந்த விவரங்கள் தற்போது ஆங்கிலத்தில் உள்ளன. மொழிபெயர்ப்பு நடந்து வருகிறது.
இப்போது திறந்திருக்கிறது, முடிவுத் தேதி அறிவிக்கப்படவில்லை
Applications run year-round through the PM Vidyalaxmi portal, following admission.
இது ஏன் முக்கியம்
It removes the two things that stop most families borrowing: property to pledge and a relative willing to guarantee. But the loan and the subsidy are two separate things with different rules, and families routinely assume qualifying for one means getting the other.
இதில் என்ன அடங்கும்
tuition, hostel, books, equipment. எந்த நிலைகளுக்கு: undergraduate, postgraduate.
நிபந்தனைகள்
Collateral-free and guarantor-free, with no family income limit for the loan itself
75% credit guarantee to the bank on loans up to Rs 7.5 lakh
3% interest subvention during the moratorium on loans up to Rs 10 lakh, for family income up to Rs 8 lakh
Moratorium runs for the course period plus one year
Loan disbursed to the institution in stages, not to you
யார் விண்ணப்பிக்கலாம்
நீங்கள் இந்தியா குடிமகனாக இருக்க வேண்டும்
குடும்ப ஆண்டு வருமானம் 8 லட்சம் ரூபாய் க்குக் குறைவாக இருக்க வேண்டும் This ceiling applies only to the 3% interest subvention. The collateral-free loan itself has no income limit at all.
விண்ணப்பங்கள் எங்கே தோல்வியடைகின்றன
நிராகரிக்கப்படும் பெரும்பாலான விண்ணப்பங்கள் தகுதியற்றவர்களுடையவை அல்ல. ஒரு படி தவறவிட்ட தகுதியுள்ளவர்களுடையவை.
The subvention is capped at one lakh students a year and allocated by a sequential method when applications exceed that. Being eligible is not the same as receiving it, and this is the single most misunderstood part of the scheme.
Management quota and NRI quota admissions are excluded. Admission must be through merit or a recognised entrance exam.
Your institution must be on the QHEI list. Sources report that list as 860, 1051 and 1425 institutions, so check the current list on the portal rather than assuming your college is included.
The subvention is available once per student, covering either the undergraduate, postgraduate or integrated programme, and requires good academic standing from year two onwards.
It is a scheme for study in India. Foreign study is not covered here, which surprises families who apply expecting it to fund an overseas degree.
இது உங்களுக்கு இல்லை என்றால்
ஒரு திட்டத்தில் தகுதி இல்லை என்பது வழியே இல்லை என்பதல்ல. இன்னும் என்ன திறந்திருக்கிறது என்பது இங்கே.
Admitted through management or NRI quota? CGFSEL has no merit-admission condition. A collateral-free loan up to Rs 7.5 lakh is still open to you at any IBA member bank.
Studying overseas? CGFSEL covers foreign study, and several banks run premier-institution lists with much larger collateral-free limits. Check whether your university is on your bank's list before pledging anything.
College not on the QHEI list? The IBA model scheme still applies at every public sector bank, with no collateral required up to Rs 4 lakh.
Family income above Rs 8 lakh? You lose the subvention, not the loan. The collateral-free structure has no income limit at all.
பதிவு நிலை: partially_verified.
கடைசியாகச் சரிபார்த்தது: 2026-09-13.
Scheme structure confirmed against the published Department of Higher Education guidelines. The QHEI count is reported inconsistently across sources and is not confirmed here.
ஆதாரம்: https://www.pmvidyalaxmi.co.in/