Mar 17 2026

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Launched in November 2024, the scheme was designed to ease access to higher education financing for students securing merit-based admissions in top institutions

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The scheme offers loans without the need for collateral or guarantors

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The Centre's PM-Vidyalaxmi (PMVL) portal has handled nearly 6.5 lakh education loan applications, with an approval rate of roughly 50 per cent

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The total sanctioned amount stands at nearly Rs 36,000 crore for entire course durations

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While sanctions are strong, actual disbursement figures reflect the phased nature of education loan

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Disbursals for all education loans including the ones under the PMVL scheme are around 2.6 lakh, with about Rs 7,200 crore

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