Vidhya lakshmi scheme of UGC for education loan.
Developed under guidance and recommendation by ministry of finance, ,MHRD and IBA, Vidhya lakshmi scheme of UGC is open platform for youth to seek education loan.
Portal also has linkages with many scholarship schemes. Loans up to Rs.7.5 lakh for studies in India and up to Rs. 15 lakh for studies abroad are given under this scheme. There is need of no collateral for loans up to 4 lacs and repayment of loan can be done in 5-7 years after completing studies. Grace period of one year can also be provided while repayment.This is what is needed for youth of today.
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