**Executive Summary:**
The Ministry of Education launched the Pradhan Mantri Vidya Laxmi (PMVL) scheme on November 6, 2024, to provide collateral-free and guarantor-free education loans to students pursuing higher education. As of July 24, 2025, 6,225 applications were received from students domiciled in Uttar Pradesh, with 3,004 loans sanctioned, totaling ₹408.27 crore. The scheme includes interest subvention for eligible students and is monitored by the Department of Higher Education (DHE) and the Department of Financial Services (DFS).
**Key Points / Main Content:**
* **Scheme Overview:**
* Launched on November 6, 2024, as a central sector scheme.
* Aims to ensure that no student is denied higher education due to financial constraints.
* Provides collateral-free and guarantor-free education loans.
* **Eligibility and Benefits:**
* Open to all students, including OBC, SC, and ST categories, with merit-based admission to top Quality Higher Education Institutions (QHEIs).
* No upper limit on the number of education loans.
* Interest subvention of 3% on loans up to ₹10 lakh for students with annual family income up to ₹8 lakh, for up to one lakh fresh students not receiving other scholarships or subventions.
* **Financial Allocation:**
* An outlay of ₹3,600 crore from 2024-25 to 2030-31.
* Aims to provide interest subvention to up to 7 lakh fresh students during this period.
* **Application Process:**
* Applications are submitted via the PM Vidyalaxmi portal (https://pmvidyalaxmi.co.in), operational since February 25, 2025.
* The portal provides a simplified application process for education loans and interest subvention.
* District-wise application and approval data for Uttar Pradesh is available at https://www.education.gov.in/en/parlques, covering February 25, 2025, to July 24, 2025.
* **Awareness and Monitoring:**
* Scheme guidelines are available on the Ministry of Education website.
* The Indian Banks Association (IBA) has circulated guidelines to member banks.
* Multilingual pamphlets are available on the PM Vidyalaxmi portal.
* HEIs are requested to display scheme publicity materials and promote a dedicated call center (1800-103-6190).
* DHE and DFS monitor loan progress with IBA and banks.
* Regular meetings and workshops are conducted with QHEIs, banks, and IBA to ensure smooth implementation.
**Impact Analysis:**
* **Students:**
* *Impact:* Access to education loans without collateral or guarantors; reduced financial burden through interest subvention.
* *Action Required:* Apply for loans and interest subvention through the PM Vidyalaxmi portal.
* **Quality Higher Education Institutions (QHEIs):**
* *Impact:* Increased enrollment due to improved affordability for students.
* *Action Required:* Display publicity materials, distribute pamphlets, and actively promote the scheme among students.
* **Banks:**
* *Impact:* Increased volume of education loan processing and disbursement.
* *Action Required:* Implement the scheme guidelines, process loan applications efficiently, and coordinate with DHE and DFS.
* **Department of Higher Education (DHE) and Department of Financial Services (DFS):**
* *Impact:* Oversight and monitoring responsibilities to ensure effective scheme implementation.
* *Action Required:* Regularly monitor loan submission, processing, and disbursement; conduct meetings and workshops with stakeholders; improve awareness of the scheme.
* **Indian Banks Association (IBA):**
* *Impact:* Coordination role to ensure member banks are informed and compliant with scheme guidelines.
* *Action Required:* Circulate scheme guidelines to member banks and participate in monitoring and review meetings.
Key Entities Referenced
Pradhan Mantri Vidya Laxmi Scheme: A central sector scheme launched on 6th November 2024 to ensure that no student is denied the opportunity to pursue higher education due to financial constraints.
Uttar Pradesh: A state in India, where the scheme's applications, beneficiaries, and audits are being analyzed.
Ministry of Education: The government ministry responsible for the Pradhan Mantri Vidya Laxmi Scheme.
Department of Higher Education: A department within the Ministry of Education that monitors the progress of education loan submission, processing, and disbursement.
OBC: Other Backward Classes, a category of beneficiaries under the scheme.
SC: Scheduled Castes, a category of beneficiaries under the scheme.
ST: Scheduled Tribes, a category of beneficiaries under the scheme.
Indian Banks Association: An association that collaborates with the Department of Higher Education and banks to monitor the progress of the Pradhan Mantri Vidya Laxmi Scheme.
GOVERNMENT OF INDIA
MINISTRY OF EDUCATION
DEPARTMENT OF HIGHER EDUCATION
LOK SABHA
UNSTARRED QUESTION NO. 2421
ANSWERED ON- 04/08/2025
PM VIDYA LAXMI SCHEME IN U.P.
2421. Shri Pushpendra Saroj:
Ms Iqra Choudhary:
Will the Minister of EDUCATION be pleased to state:
(a) the details of applications received and approved under the Pradhan Mantri Vidya Laxmi
Scheme from the State of Uttar Pradesh during the last five years, District-wise;
(b) the number of beneficiaries belonging to OBC, SC and ST categories under the scheme
during the last five years, district-wise;
(c) the total amount allocated, sanctioned and utilized under Scheme in Uttar Pradesh during
the last five years;
(d) whether the Government has conducted any review or audit of the scheme in Uttar Pradesh;
and
(e) if so, the details thereof?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF EDUCATION
(DR. SUKANTA MAJUMDAR)
(a) to (e): The Pradhan Mantri Vidya Laxmi (PM Vidyalaxmi), a new central sector scheme
has been launched on 6th 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 loans are provided to all the
students, including students belonging to the OBC, SC and ST categories, who get merit-based
admission in top Quality Higher Education Institutions (QHEIs) and desirous of availing
education loan to pursue higher education from the QHEI. There is no upper limit on the
number of such education loans. Further, for students with annual family income up to ₹ 8 lakh,
the scheme provides 3% interest subvention on education 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 ₹ 3,600 crore has been made from 2024-25 to 2030- 31, for providing 3%
interest subvention benefit for up to 7 lakh fresh students during this period.
From the launch date of PM Vidyalaxmi, i.e., 6th November 2024 to 24th July 2025, from
students who have reported their domicile as Uttar Pradesh, a total of 6,225 PM Vidyalaxmi
education loan applications were received. Of them, 3004 loans has been sanctioned. Amount
sanctioned is ₹ 408.27 crore, which is for the full duration of the respective courses.
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. The category and district-wise details of
applications received and approved/sanctioned under the PM Vidyalaxmi Scheme for students
who have reported their domicile as Uttar Pradesh, available in this portal from 25th February
2025 to 24th July 2025 may be accessed at https://www.education.gov.in/en/parl_ques.
The PM Vidyalaxmi scheme has been launched recently. To improve awareness, the
scheme guidelines have already been provided in the website of Ministry of Education at
https://www.education.gov.in/en/scholarships_education_loan. Further, the Indian Banks
Association has circulated the guidelines to all the member banks for use of their branches,
including those in Uttar Pradesh. Multi-lingual pamphlet of PM-Vidyalaxmi has been
developed and uploaded in the PM Vidyalaxmi portal. All HEIs have been requested to
download and distribute the same to students of their HEI.
All QHEIs have been requested to prominently display the PM-Vidyalaxmi Scheme
publicity materials within their campuses and actively publicize the dedicated call centre
number 1800-1031 for the PM-Vidyalaxmi Scheme.
The Department of Higher Education (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 University Grants Commission, DFS, IBA and the banks to
increase awareness of the QHEIs and students.
*****Annexure
ANNEXURE RFERRED TO IN REPLY OF PART (A) TO (E) OF THE LOK
SABHA UNSTARRED QUESTION NO. 2421 FOR 04-08-2025 ASKED BY SHRI
PUSHPENDRA SAROJ AND Ms. IQRA CHOUDHARY, HON’BLE MPs
REGARDING “PM VIDYA LAXMI SCHEME IN U.P.”
District-wise number of education loans under PM Vidyalaxmi Scheme for Uttar
Pradesh for period: 25-02-2025 to 24-07-2025
DISTRICT NAME Application Application Approved/ Sanctioned
Received
Total SC ST OBC EWS GEN
AGRA 248 108 10 13 14 71
ALIGARH 74 28 7 3 18
AMBEDKAR NAGAR 22 8 2 3 2 1
AMETHI 16 4 0 3 1
AMROHA 27 14 3 1 2 8
AURAIYA 28 9 2 4 1 2
AZAMGARH 44 17 3 7 2 5
BAGHPAT 24 12 3 1 8
BAHRAICH 20 7 1 5 1
BALLIA 80 31 3 11 4 13
BALRAMPUR 16 4 0 1 3
BANDA 11 1 0 1
BARABANKI 29 12 5 1 6
BAREILLY 111 47 5 10 6 26
BASTI 38 19 3 5 7 4
BHADOHI 23 13 4 2 7
BIJNOR 82 29 4 7 5 13
BUDAUN 16 6 1 3 2
BULANDSHAHR 57 26 4 1 5 16
CHANDAULI 36 15 1 1 4 2 7
CHITRAKOOT 6 3 1 1 1
DEORIA 83 23 1 2 6 9 5
ETAH 20 10 5 1 4
ETAWAH 29 13 3 3 1 6
FAIZABAD 36 8 2 2 4
FARRUKHABAD 31 10 1 3 4 2
FATEHPUR 20 8 1 5 1 1
FIROZABAD 45 17 1 6 2 8
GAUTAM BUDDHA
324 154 5 2 19 6 122
NAGAR
GHAZIABAD 567 263 15 1 44 11 192
GHAZIPUR 62 24 2 14 3 5
GONDA 40 17 3 6 8
GORAKHPUR 188 73 7 20 11 35
HAMIRPUR 32 11 1 6 3 1DISTRICT NAME Application Application Approved/ Sanctioned
Received
Total SC ST OBC EWS GEN
HAPUR 24 11 1 1 3 6
HARDOI 27 10 1 3 4 2
HATHRAS 21 13 1 2 2 8
JALAUN 41 14 6 2 6
JAUNPUR 37 15 2 8 1 4
JHANSI 88 30 7 8 5 10
KANNAUJ 11 4 1 1 1 1
KANPUR DEHAT 17 1 0 1
KANPUR NAGAR 458 204 18 47 28 111
Kasganj 15 7 3 1 3
KAUSHAMBI 8 3 1 0 2
KHERI 32 14 2 4 3 5
KUSHI NAGAR 54 19 1 8 2 8
LALITPUR 10 5 1 2 2
LUCKNOW 648 317 13 55 20 229
MAHARAJGANJ 27 9 4 4 1
MAHOBA 8 4 1 3
MAINPURI 24 10 6 3 1
MATHURA 66 31 2 3 8 18
MAU 30 13 2 3 1 7
MEERUT 201 92 6 19 5 62
MIRZAPUR 46 18 8 7 3
MORADABAD 72 27 4 2 5 16
MUZAFFARNAGAR 72 26 6 2 18
PILIBHIT 20 8 1 3 4
PRATAPGARH 43 11 3 3 2 3
PRAYAGRAJ 151 62 8 12 11 31
RAE BARELI 27 9 4 1 4
RAMPUR 25 11 4 3 4
SAHARANPUR 125 55 6 1 15 5 28
SAMBHAL 15 6 1 2 3
SANT KABEER NAGAR 10 5 1 1 1 1 1
SHAHJAHANPUR 38 19 4 15
SHAMLI 44 20 1 7 12
SHRAVASTI 1 0 0
SIDDHARTH NAGAR 14 8 1 2 5
SITAPUR 23 8 2 2 4
SONBHADRA 62 22 1 7 3 11
SULTANPUR 37 8 1 2 5
UNNAO 28 7 1 2 1 3
VARANASI 280 136 3 2 30 27 74
TOTAL 5465 2336 172 13 521 294 1336