**Executive Summary**
This document presents the responses to questions regarding the implementation of the Pradhan Mantri Vidyalaxmi Scheme in Andhra Pradesh, as of February 9, 2026. The scheme aims to provide education loans and interest subventions to eligible students. Key data includes state-wise and district-wise loan details, NPA status, grievance resolution, and bank processing timelines, which are presented in annexures.
**Key Points / Main Content**
* **PM-Vidyalaxmi Scheme Overview:**
* Launched in November 2024 as a central sector scheme.
* Provides collateral-free and guarantor-free education loans for merit-based admissions in top Quality Higher Education Institutions (QHEIs).
* Offers 3% interest subvention on loans up to ₹10 lakhs for students with annual family income up to ₹8 lakhs, benefitting up to one lakh students.
* A budget of ₹3,600 Crore has been allocated from 2024-25 to 2030-31 to benefit up to 7 lakh fresh students.
* **Operational Aspects:**
* The PM Vidyalaxmi portal (https://pmvidyalaxmi.co.in) has been operating since February 25, 2025.
* State-wise, district-wise, category-wise, and gender-wise loan details for Andhra Pradesh are available as Annexure-I.
* Bank-wise and year-wise NPA data is available as Annexure-II.
* State-wise grievance data is available as Annexure-III.
* **Monitoring and Coordination:**
* The Department of Higher Education (DHE) and the Department of Financial Services (DFS) monitor loan progress with the Indian Banks' Association (IBA).
* The DHE and IBA conduct meetings and workshops with QHEIs, banks, and the DFS to improve scheme implementation and awareness.
* **Grievance Redressal:**
* The DHE has directed the IBA to ensure banks resolve grievances received via the PM Vidyalaxmi Portal within 10 days.
**Impact Analysis**
**Stakeholder: Students**
*Impact:* Students are provided with access to education loans and interest subvention, especially those admitted to QHEIs. The scheme also aims to address financial constraints and grievances.
*Action Required:* Utilize the PM Vidyalaxmi portal (https://pmvidyalaxmi.co.in) to apply for loans and subventions.
**Stakeholder: Banks (Public Sector Banks)**
*Impact:* Banks are responsible for processing and disbursing education loans under the scheme, as well as resolving grievances. They are monitored by the DHE and DFS.
*Action Required:* Ensure adherence to prescribed processing timelines, resolve grievances within 10 days, and participate in coordination meetings and workshops.
**Stakeholder: Department of Higher Education (DHE) and Department of Financial Services (DFS)**
*Impact:* DHE and DFS are responsible for monitoring the scheme's implementation, coordinating with banks and QHEIs, and ensuring grievance resolution.
*Action Required:* Monitor loan progress, conduct meetings with relevant stakeholders, and organize workshops to increase scheme awareness.
**Stakeholder: Quality Higher Education Institutions (QHEIs)**
*Impact:* QHEIs are involved in the smooth implementation of the scheme and increase awareness among their students.
*Action Required:* Collaborate with DHE, DFS, IBA, and banks in meetings and workshops, and increase awareness among students about the PM-Vidyalaxmi scheme.
Key Entities Referenced
Pradhan Mantri Vidyalaxmi Scheme: A central sector scheme launched in November 2024 to provide collateral-free and guarantor-free education loans with interest subvention to eligible students pursuing higher education.
Ministry of Education: The primary ministry responsible for implementing and overseeing the Pradhan Mantri Vidyalaxmi Scheme.
Department of Higher Education (DHE): The department under the Ministry of Education responsible for the administration of the scheme and monitors the progress of education loan processing and disbursement.
Andhra Pradesh: The state specifically highlighted in the document regarding the implementation of the Pradhan Mantri Vidyalaxmi Scheme.
GOVERNMENT OF INDIA
MINISTRY OF EDUCATION
DEPARTMENT OF HIGHER EDUCATION
LOK SABHA
UNSTARRED QUESTION NO. 1493
ANSWERED ON- 09/02/2026
IMPLEMENTATION OF PRADHAN MANTRI VIDYALAXMI SCHEME IN ANDHRA
PRADESH
1493. Shri G Lakshminarayana:
Will the Minister of EDUCATION be pleased to state:
(a) the number of students who have availed education loans and interest subvention benefits under the
Pradhan Mantri Vidyalaxmi Scheme across the States since its inception, year-wise and State/UT-wise, along
with district-wise, category-wise and gender-wise details for the State of Andhra Pradesh including
Anantapur;
(b) the details of funds sanctioned, released and utilised under the scheme during the current and the last
financial years, year-wise and State-wise, along with district-wise details for Andhra Pradesh including
Anantapur;
(c) whether the Government maintains a centralised record of education loans of Public Sector Banks
classified as NPAs during the last five years and if so, the details thereof, State-wise and year-wise;
(d) the number of grievances filed, resolved and pending on Vidyalaxmi portal, State-wise including the
State of Andhra Pradesh, along with reasons for pendency; and
(e) whether banks are meeting prescribed processing timelines on the Vidyalaxmi portal, if not, corrective
steps taken in this regard?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF EDUCATION
(DR. SUKANTA MAJUMDAR)
(a) to (e): Education is in the concurrent list and both the central government and State Governments work
together for its improvement. The Government of India has launched the PM-Vidyalaxmi, a new central
sector scheme in, November 2024. The main objective of the scheme is to ensure that no student is denied
the opportunity to pursue higher education due to financial constraints. Under the scheme, collateral-free and
guarantor-free education loan is provided to all the students who get merit-based admission in top Quality
Higher Education Institutions (QHEIs) and who desire to avail the education loan and there is no upper limit
for this. Further, for students with annual family income up to ₹ 8 lakh, the scheme provides 3% interest
subvention on loans up to ₹ 10 lakhs. Up to one lakh fresh students not getting any other scholarship or
interest subvention on education loan will get this interest subvention. An outlay of Rs. 3,600 Crore has been
made from 2024-25 to 2030- 31, for providing 3% interest subvention benefit for up to 7 lakh fresh studentsduring this period. A dedicated online platform, the PM Vidyalaxmi portal https://pmvidyalaxmi.co.in has
been developed on which students can apply for the education loan as well as interest subvention, through a
simplified application process to be used by all banks. This portal has started operating from 25th February
2025.
State-wise information since the launch of portal on 25th February, 2025, along with district-wise, category-
wise and gender-wise details for the State of Andhra Pradesh related to the number of students who have
availed education loans, education loan amount sanctioned and disbursed under the PM Vidyalaxmi Scheme
is available as Annexure-I at https://www.education.gov.in/en/parl_ques.
Bank-wise and year-wise information related to education loans of Public Sector Banks classified as NPAs
during the last five years received from Reserve Bank of India through Department from Financial Services
(DFS) is available as Annexure-II at https://www.education.gov.in/en/parl_ques.
State-wise information related to number of grievances filed, resolved and pending on PM Vidyalaxmi portal,
including the State of Andhra Pradesh is available as Annexure-III at
https://www.education.gov.in/en/parl_ques .
The Department of Higher Education (DHE) had asked the Indian Banks’ Association (IBA) to ensure and
instruct banks to dispose grievances received on the PM Vidyalaxmi Portal within 10 days.
The DHE and the Department of Financial Services (DFS) monitor the progress of education loan
submission, processing and disbursement on a regular basis together with the Indian Banks Association
(IBA) and banks. Further, the DHE in coordination with DFS conduct meetings with QHEIs, banks and IBA
for smooth implementation of the scheme on a regular interval. Workshops are also organized with the
QHEIs in collaboration with the DFS, IBA and the banks to increase awareness among students of QHEIs.
***ANNEXURE-I
ANNEXURE REFERRED TO IN REPLY OF PART(A) TO (E) OF THE LOK SABHA
UNSTARRED QUESTION NO. 1493 FOR 09-02-2026 ASKED BY SHRI G
LAKSHMINARAYANA REGARDING “IMPLEMENTATION OF PRADHAN
MANTRI VIDYALAXMI SCHEME IN ANDHRA PRADESH”
STATE-WISE DATA OF PM VIDYALAXMI SCHEME FROM 25.02.2025 TO 31.01.2026
Total
Total
No. of No. of Amount
Sanctioned
Sr No Student State Applications Applications Disbursed
Amount ₹
Sanctioned Disbursed ₹ (in
(in crores)
crores)
Andaman and
1 Nicobar Islands 33 6.01 26 1.03
2 Andhra Pradesh 5059 579.76 4405 102.93
Arunachal
3 Pradesh 16 2.94 13 0.31
4 Assam 789 79.96 679 14.86
5 Bihar 3397 397.78 2968 66.45
6 Chandigarh 134 21.63 113 3.48
7 Chhattisgarh 560 83.05 480 14.26
8 Delhi 3144 455.32 2860 81.6
9 Goa 130 18.63 115 4.1
10 Gujarat 1329 227.98 1208 40.19
11 Haryana 2259 349.79 2031 57.05
Himachal
12 Pradesh 517 48.32 452 7.75
Jammu and
13 Kashmir 259 27 226 5.2
14 Jharkhand 2065 274.36 1753 44.36
15 Karnataka 3077 351.44 2725 78.7
16 Kerala 2920 328.4 2397 60.52
17 Ladakh 4 0.62 4 0.12
18 Lakshadweep 1 0.04 0 0
19 Madhya Pradesh 2559 371.57 2330 66.18
20 Maharashtra 5193 798.1 4662 148.86
21 Manipur 50 5.07 44 0.88
22 Meghalaya 83 8.88 74 1.52
23 Mizoram 16 2.44 13 0.32
24 Nagaland 29 3.18 25 0.62
25 Odisha 2153 251.87 1852 45.34
26 Puducherry 100 10.62 89 2.4
27 Punjab 1193 175.75 1051 27.6
28 Rajasthan 2769 394.94 2462 62.6
29 Sikkim 12 2.09 9 0.82
30 Tamil Nadu 5234 523.86 4316 115.08Total
Total
No. of No. of Amount
Sanctioned
Sr No Student State Applications Applications Disbursed
Amount ₹
Sanctioned Disbursed ₹ (in
(in crores)
crores)
31 Telangana 2137 306.43 1920 48.86
The Dadra and
Nagar Haveli and
32 Daman and Diu 26 3 26 0.54
33 Tripura 105 9.09 83 1.7
34 Uttar Pradesh 7505 909.22 6700 161.79
35 Uttarakhand 1021 121.9 925 21.65
36 West Bengal 2000 321.77 1769 56.27
TOTAL 57878 7472.81 50805 1345.94DISTRICT-WISE LOANS RECEIVED UNDER PM VIDYALAXMI SCHEME IN ANDHRA
PRADESH FROM 25.02.2025 TO 31.01.2026
Total No. of Total
No. of
Sr Sanctioned Applicatio Amount
Student District Applications
No Amount ₹ ns Disbursed ₹
Sanctioned
(in crores) Disbursed (in crores)
Alluri Sitharama
1 Raju 356 41.59 315 7.27
2 Anakapalli 43 3.64 36 0.59
3 Anantapur 193 22.84 176 4.28
4 Annamayya 60 5.53 53 1.03
5 Bapatla 33 2.87 29 0.5
6 Chittoor 276 33.89 249 8.15
Dr. B.R.
Ambedkar
7 Konaseema 35 3.51 27 0.49
8 East Godavari 477 56.94 412 9.15
9 Eluru 45 4.55 41 0.78
10 Guntur 538 55.03 436 9.16
11 Kakinada 85 10.36 70 1.67
12 Krishna 380 40.73 312 6.71
13 Kurnool 216 24.98 183 4.72
14 Nandyal 48 5.21 39 0.77
15 Ntr 87 9.37 73 1.75
16 Palnadu 45 5.24 38 0.9
Parvathipuram
17 Manyam 23 2.68 21 0.58
18 Prakasam 212 25.32 186 3.84
19 Spsr Nellore 135 12.92 120 2.52
20 Sri Sathya Sai 95 9.79 78 2.01
21 Srikakulam 255 30.3 229 5.22
22 Tirupati 113 12.43 102 2.75
23 Visakhapatanam 602 82.53 541 14.16
24 Vizianagaram 236 28.71 210 4.45
25 West Godavari 313 32.01 282 5.85
26 Y.S.R. 158 16.79 147 3.63
Total 5059 579.76 4405 102.93CATEGORY-WISE LOANS RECEIVED UNDER PM VIDYALAXMI SCHEME IN ANDHRA
PRADESH FROM 25.02.2025 TO 31.01.2026
Total
Total
No. of No. of Amount
Sr Student Sanctioned
Applications Applications Disbursed
No Category Amount ₹
Sanctioned Disbursed ₹ (in
(in crores)
crores)
1 EWS 856 94.61 744 15.3
2 GEN 1461 186.82 1264 37.2
3 NCOBC 636 87.19 577 13.84
4 OBC 1493 144.36 1282 25.5
5 SC 477 49.41 411 8.24
6 ST 136 17.37 127 2.85
TOTAL 5059 579.76 4405 102.93
GENDER-WISE LOANS RECEIVED UNDER PM VIDYALAXMI SCHEME IN ANDHRA
PRADESH FROM 25.02.2025 TO 31.01.2026
Total
Total No. of
No. of Amount
Sr Student Sanctioned Applicatio
Applications Disburse
No Gender Amount ₹ ns
Sanctioned d ₹ (in
(in crores) Disbursed
crores)
1 Female 1459 172.06 1256 30.43
2 Male 3600 407.7 3149 72.5
TOTAL 5059 579.76 4405 102.93ANNEXURE-II
BANK-WISE AND YEAR-WISE INFORMATION RELATED TO EDUCATION LOANS OF
PUBLIC SECTOR BANKS CLASSIFIED AS NPAs DURING THE LAST FIVE YEARS
Sr. Bank Name 2020- 2021- 2022- 2023- 2024-
No 2021 2022 2023 2024 2025
.
1 Bank of Baroda 142 216 63 98 121
2 Bank of India 309 297 291 273 233
3 Bank of Maharashtra 56 23 17 9 3
4 Canara Bank 240 288 843 789 322
5 Central Bank of India 591 574 358 124 129
6 Indian Bank 991 1,206 919 579 277
7 Indian Overseas 724 519 944 343 123
Bank
8 Punjab and Sind 18 15 13 12 5
Bank
9 Punjab National 968 941 893 733 431
Bank
10 State Bank of India 728 544 372 382 336
11 UCO Bank 89 111 97 28 21
12 Union Bank of India 503 564 637 644 336
Total 5359 5298 5447 4014 2337ANNEXURE-III
STATE-WISE DATA OF GRIEVANCES RECEIVED ON PM VIDYALAXMI PORTAL FROM
25.02.2025 TO 31.01.2026
S.
STATE RECEIVED RESOLVED PENDING
no
1 Andaman And Nicobar Islands 15 15 0
2 Andhra Pradesh 1033 974 59
3 Arunachal Pradesh 15 15 0
4 Assam 287 277 10
5 Bihar 1767 1665 102
6 Chandigarh 24 19 5
7 Chhattisgarh 189 176 13
8 Delhi 1025 955 70
9 Goa 59 58 1
10 Gujarat 555 486 69
11 Haryana 825 780 45
12 Himachal Pradesh 100 97 3
13 Jammu And Kashmir 176 173 3
14 Jharkhand 700 657 43
15 Karnataka 2196 2061 135
16 Kerala 966 897 69
17 Ladakh 4 4 0
18 Madhya Pradesh 1131 1075 56
19 Maharashtra 2533 2348 185
20 Manipur 30 28 2
21 Meghalaya 28 27 1
22 Mizoram 2 2 0
23 Nagaland 35 31 4
24 Odisha 549 527 22
25 Puducherry 28 26 2
26 Punjab 299 283 16
27 Rajasthan 998 930 68
28 Sikkim 9 9 0
29 Tamil Nadu 1954 1744 210
30 Telangana 792 748 44
31 The Dadra And Nagar Haveli And Daman
9 8 1
And Diu
32 Tripura 48 46 2
33 Uttar Pradesh 3263 3054 209
34 Uttarakhand 278 260 18
35 West Bengal 841 795 46
36 Not Available Due To Technical Glitch 2893 2893 0
Total 25656 24143 1513