PM Vidya Lakshmi Portal Registration 2026, Student Login & Interest Subvention Claim at pmvidyalaxmi.co.in

PM Vidya Lakshmi Portal registration 2026 and student login are open at pmvidyalaxmi.co.in. Students fill one common loan form on this portal, set up by the central government, and send it to up to three banks at once.

Students who already have a loan need to act before 31 December 2026. Interest subsidy claims for FY 2025-26 under PM-USP CSIS and PM-Vidyalaxmi are being taken from 1 September 2026 to 31 December 2026, and only the bank that gave the loan can file them.

As of 8 October 2026, the portal has received 11,76,259 loan applications under all bank schemes, asking for ₹1,65,723.12 crore. Banks have sanctioned 6,51,444 of them for ₹76,793.05 crore and released money in 5,72,554 cases worth ₹25,265.68 crore.

Vidya Lakshmi portal registration 2026

STEP 1 - Open the official website pmvidyalaxmi.co.in and click "Student Login" on the homepage.

STEP 2 - On the login page, click the "Create An Account" tab.

STEP 3 - Student registration form opens. It can also be reached directly at pmvidyalaxmi.co.in/StudentSignUp.aspx. Enter your name exactly as it appears on the class 10 marksheet and a 10-digit mobile number. A parent's number works too, but every alert and the Digital Rupee subsidy wallet will be tied to this number.

STEP 4 - Enter a working email ID. It becomes your user ID, and OTPs and messages from the portal come to it.

STEP 5 - Set a password of at least 8 characters with one capital letter, one number and one special character ($@!%*#?&). Tick the terms box and submit.

PM Vidyalaxmi portal login

Registered students log in at pmvidyalaxmi.co.in/StudentLogin.aspx with their email ID, password and the captcha code shown on screen. A "Forgot Password" link on the same page resets a lost password.

After login, click "Apply Loan", fill in personal and course details, upload documents and pick the bank branches before the final submit. Only one active application is allowed at a time. Its status shows under the "Track Loan Application" tab, and an application still marked "Submitted" can be withdrawn from there. Once a bank changes the status, only that bank branch can close it.

Interest subsidy claim for FY 2025-26 (last date 31 December 2026)

This window covers interest charged in FY 2025-26 on loans that qualify under either scheme. Banks file the claim on the CSIS portal of Canara Bank, which is the nodal bank. Claims for 13,666 students worth ₹34.18 crore show on the portal dashboard so far.

STEP 1 - Log in to pmvidyalaxmi.co.in and check that "Interest Subvention" has been opted for your loan. If not, apply for it from the dashboard and upload your Aadhaar details and income certificate.

STEP 2 - Visit the bank branch that gave the loan and ask them to submit your FY 2025-26 claim on the CSIS portal before 31 December 2026.

STEP 3 - After the Ministry of Education approves the claim, the money lands in the PM Vidyalaxmi Digital Rupee wallet linked to your registered mobile number.

STEP 4 - Redeem the wallet balance into your education loan account.

What is PM Vidyalakshmi scheme

PM-Vidyalaxmi is a central sector scheme of the Department of Higher Education, approved by the Union Cabinet on 6 November 2024. It gives collateral-free and guarantor-free education loans to students with a merit seat in one of 1,425 Quality Higher Educational Institutions (QHEIs). Loans up to ₹7.5 lakh carry a 75% credit guarantee from the Government of India.

Interest is capped at the bank's EBLR plus 0.5%. Banks may cut up to 1% more if the student keeps paying interest during the course and moratorium. Repayment can run up to 15 years after the moratorium, which is the course period plus one year. A budget of ₹3,600 crore covers 2024-25 to 2030-31, for about 7 lakh new students.

Families earning up to ₹8 lakh a year get a 3% interest subsidy during the moratorium on loans up to ₹10 lakh. If family income is up to ₹4.5 lakh and the course is technical or professional, the full interest for the moratorium is paid under PM-USP CSIS, again on loans up to ₹10 lakh.

Eligibility for PM Vidyalaxmi loan and interest subsidy

Any student with a merit seat in a listed institute can take the loan, whatever the family income. Income limits apply only to the subsidy.

• Admission must come through a competitive exam or merit in one of the listed QHEIs. Management quota and NRI quota seats do not qualify.
• Every degree and diploma course at these institutes is covered for the loan.
• Family income counts the student, father, mother and spouse (if married), proved by a certificate from an authorised state government officer.
• 3% subsidy has 1 lakh fresh slots a year, while CSIS full subsidy has no slot limit.
• Students already getting another central or state scholarship, interest subsidy or fee reimbursement cannot claim either subsidy.
• Subsidy and guarantee can be used only once, for one UG, PG or integrated course, and stop if the student drops out or is expelled.

Documents required for Vidyalakshmi portal

Aadhaar is required for the loan, the subsidy and the credit guarantee. Each file must be a PDF or JPEG under 200 KB.

• Class 10 marksheet
• Class 12, diploma or last qualifying exam marksheet
• Admission proof from the institute
• Schedule of course expenses issued by the institute
• Income proof issued by a public authority or the college
• Photographs of the applicant and a parent
• Photo of the co-obligant or guarantor, only if collateral is given

List of banks on Vidyalakshmi portal

As per the Ministry of Education's reply in Lok Sabha, 64 banks are on the portal: 12 public sector banks, 20 private banks, 25 regional rural banks and 7 cooperative banks. No account in the chosen bank is needed to apply, but the bank will ask for a savings account in the same branch once the loan is sanctioned. Full member list sits on the portal homepage.

Public sector banks

Private sector banks

List of institutes eligible for Vidyalakshmi loan

Institutes are picked from the NIRF ranking: the top 100 in any NIRF list, the top 200 state government institutes, and all other central government institutes. Indian campuses of foreign universities are not covered. Ministry of Education refreshes the list after each NIRF ranking, and the newest version is on the portal homepage under "New List of PM Vidyalaxmi Institutes". PDF below is the 2025 list.

Helpline number

Call the toll-free number 1800 1031 or email support@pmvidyalaxmi.co.in. Complaints can also be raised online from the student dashboard. Canara Bank runs the portal for the Department of Higher Education from its PM Vidyalaxmi Portal Section, Head Office (Annex), Ground Floor, Scope Minar, Laxmi Nagar, New Delhi 110092.

FAQ's

Who gets the 3% subsidy first if more than 1 lakh students apply?

Priority goes to admission in a government institute, then technical or professional courses, then class 12 passed from a government school, class 10 from a government school, class 12 from a rural school, and then girl students.

Is there an upper limit on the loan amount?

No. Banks fix the amount from the course fee, hostel and mess charges, a laptop and reasonable living costs. Subsidy is counted only on the first ₹10 lakh.

Does the subsidy continue after the first year?

Yes, if academic performance stays satisfactory. From the second year, institutes upload semester-wise progress reports on the portal.