VIDYALAKSHMI

USER MANUAL
FOR

STUDENT LOGIN

MAY 2021
 CONTENTS
1. INTRODUCTION TO VIDYALAKSHMI .................................................................................................................. 3
2. PREREQUISITES ............................................................................................................................................ 4
3. EDUCATION LOAN APPLICATION ...................................................................................................................... 5
4. TABS ON HOMEPAGE: ......................................................................................................................................... 6
5. SIX EASY STEPS FOR LOAN APPLICATION........................................................................................................ 7
5.1. STEP 1: REGISTER................................................................................................................................. 8
5.2. STEP 2: LOGIN ..................................................................................................................................... 12
5.3. STEP 3: STUDENT HOME PAGE ........................................................................................................ 15
5.4. STEP 4: FILL UP COMMON EDUCATION LOAN APPLICATION FORM .......................................... 15
5.5. STEP 5: SEARCH FOR LOAN SCHEMES .............................................................................................. 32
5.6. STEP 6: APPLY FOR LOAN SCHEMES ................................................................................................ 34
5.7. STEP 7: CHECK LOAN STATUS ........................................................................................................... 35
6. GRIEVANCE REPORTING .................................................................................................................................. 36
7. EDIT PROFILE................................................................................................................................................... 38
8. CHANGE PASSWORD ........................................................................................................................................ 39

Page 2
1. INTRODUCTION TO VIDYA LAKSHMI

Vidya Lakshmi is a first of its kind portal for students seeking Education
Loan. This portal has been developed under the guidance of Department of
Financial Services, (Ministry of Finance), Department of Higher Education
(Ministry of Education) and Indian Banks’ Association (IBA). Students can
view, apply and track the education loan applications to banks anytime,
anywhere by accessing the portal. The portal also provides linkages to
National Scholarship Portal.

1.1. SERVICES OFFERED TO STUDENTS

Vidya Lakshmi Portal provides single window for Students to access

information and make application for Educational Loans provided by Banks
and Government Scholarships.
It has the following features:
• Information about Educational Loan Schemes of Banks
• Common Educational Loan Application Form for Students
• Apply to multiple Banks for Educational Loans
• Facility for Banks to download Students Loan Applications
• Facility for Banks to upload loan processing status
• Facility for Students to email grievances/queries relating to Educational
Loans to Banks
• Linkage to National Scholarship Portal for information and application
for Govt Scholarships

Page 3
 1.2. QUOTE EXTRACT FROM THE BUDGET 2015-16 SPEECH

Below mentioned is an extract about Vidya Lakshmi Karyakram from the

Budget Speech 2015-16 of Hon'ble Union Finance Minister Shri. Arun Jaitley

“Shri Arun Jaitley, Hon’ble Union Finance Minister in his budget speech for

FY 2015-16: “With a view to enable all poor and middle class students to

pursue higher education of their choice without any constraint of funds, I

propose to set up a fully IT based Student Financial Aid Authority to

administer and monitor Scholarship as well Educational Loan Schemes,

through the Pradhan Mantri Vidya Lakshmi Karyakram. We will ensure

that no student misses out on higher education for lack of funds.”

2. PREREQUISITES

PURPOSE

This hand book is a guide to a student who visits Vidya Lakshmi Portal for
applying for an education loan. It contains process flow and screen shots for
easy navigation on the Vidya Lakshmi Portal.

HARDWARE REQUIREMENTS

• CPU requirement : 1 GHz or higher

• Memory requirement: 512 MB RAM or higher.
• Any Configuration higher than the mentioned hardware requirement is
desirable

Page 4
 SOFTWARE REQUIREMENTS:

• Operating System (OS): MS Windows XP and higher.

• Browser requirement: The Portal is best viewed on Internet Explorer
Browser Version (IE 10.0), Fire Fox Version 40 and above, Chrome
Version 42 and above

INTERNET CONNECTIVITY

• The computer system should have internet connectivity to access the

web portal

TROUBLE SHOOTING

• Clear cookies & history from internet explorer by following

Go to Internet Explorer window →Tools→Internet Options →
General→Browsing History→Delete Browsing History→Delete All

3. EDUCATION LOAN APPLICATION

VIDYA LAKSHMI PORTAL HOME PAGE

For accessing the Vidya Lakshmi Portal, kindly enter the following address
on your web browser.

www.vidyalakshmi.co.in

Please note the web address is case sensitive. You may take the curser to the
above mentioned link and click to open the home page of the Vidya Lakshmi
Portal shown below.

Page 5
 Vidya Lakshmi Portal Homepage:

4. TABS ON HOMEPAGE:

Starting from the Top Left side of the Page, tabs mentioned are:

• Home: When clicked on “Home” this tab directs the users to Home Page of
VIDYALAKSHMI the same is displayed in above screen shot.
• About Us: Provide brief explanation & benefits of Vidya Lakshmi
• Login: To login to Vidya Lakshmi portal
• Register: To register on Vidya Lakshmi portal
• Useful Links: This page provides various links which can be helpful to
students for applying to Education Loan
• FAQs: This page provides answer to questions that students /users may face
while accessing Vidya Lakshmi portal.
• News & Updates: A window displayed on the right side of the screen. This
window provides latest updates about Vidya Lakshmi in brief.

Page 6
 • Other Miscellaneous Tabs:
▪ Media: Links to various articles published about Vidya Lakshmi on
web media
▪ Privacy Policy: This tab provides privacy policy of NSDL e-
Governance about issues on the internet
▪ Disclaimer:
▪ Contact US: This tab provides office address, generic E-mail ID &
contact number of head office & branches of NSDL e-Gov.

5. SIX EASY STEPS FOR LOAN APPLICATION

STEP 1: Register on Vidya Lakshmi

STEP 2: Login
STEP 3: Loan search screen
STEP 4: Fill up Common Education Loan Application Form
STEP 5: Search for Loan schemes
STEP 6: Apply for Loan schemes
STEP 7: Check loan application status

Page 7
 5.1. STEP 1: REGISTER

A student, who wishes to apply for loan through Vidya Lakshmi, needs to
first register. Student has to access the VIDYALAKSHMI Portal homepage
and click on the link “Register”.

Vidya Lakshmi Portal Homepage →Register:

Page 8
The “Register” page will be displayed after clicking on the tab

Steps:
➢ Provide required details for registration
1. Title
2. First Name
3. Middle Name
4. Last Name
5. Mobile no.
6. E-mail ID
7. Password
8. Confirm Password
9. Enter Above Captcha
• Enter Captcha image code in textbox provided for it, code
entered should match with the image code displayed. If the
code is not visible, kindly refresh the code.
10. Terms & Conditions Checkbox
• Check the checkbox provided for terms & conditions “I agree
to the Website (Click wrap) agreement: Terms & Conditions”.
• Link is provided to view the click wrap agreement

Page 9
 • Click on the link to view & read the agreement hyperlink
provided before submitting the registration.
11. Click on “Submit” button to submit the registration for Vidya Lakshmi
account
12. Ensure that you provide a valid email Id while registration as this Id will
be used for all future communications on Vidya Lakshmi portal

Registration Page:

Page 10
Following buttons are also provided on Registration screen
Clear - To clear the details filled in registration form
Home - To go back to the homepage without filling up enrolment form. Any
details filled in the form will not be saved if user clicks on this tab.

Once the details are submitted, following screen will be displayed.

Screen after successful Registration on Vidya Lakshmi:

Student will have to activate his account by hitting on the link by logging into
his personal mail box as shown in the below screenshot:

Page 11
 Activation Link

5.2. STEP 2: LOGIN

• Go to Vidya Lakshmi Homepage, click on “Login”
• This section opens in a new page & it is provided to students registered on
portal to login. .

Login screen:

Page 12
Enter Email ID, password set while registration & captcha image code
displayed on screen and then click on “Login” button
This section also provides forgot password link to retrieve the forgotten
password

Forgot Password:

• In case you forget the password of your Vidya Lakshmi account, you
would be required to click on ‘Forgot Password’ link provided on the
login section.
• Enter the Email ID with which you have created your Vidya Lakshmi
login & click on ‘Submit’
• A system generated password will be sent on your email id
• Login with that system generated password sent on your email, you
will be forced to change the password upon login.

Forgot Password Screen:

Page 13
Resend activation link screen:

Page 14
 5.3. STEP 3: STUDENT HOME PAGE
After you login in with the User-ID and password, following screen will be
displayed.

5.4. STEP 4: FILL UP COMMON EDUCATION LOAN APPLICATION FORM

Steps:

• To fill up Common Education Loan Application form, click on ‘Loan

Application Form’ tab
• Common Education Loan Application form will be opened
• Form has 8 sections
• Instructions to fill up the common education loan application form are
provided at the beginning of the form

Page 15
 • Read the instructions carefully before commencing the process of
filling up application form

Common Education Loan Application Form: Instructions

Instructions are given in expand/collapse tabs. You can see required

instructions by clicking on the tabs.

Following buttons are provided under Common Education Loan

Application Form on all other tabs

Save- To save the details entered under each section of the application
form.
Please click on ‘Save’ button after completing the details in each
section.

Page 16
Next: To go to the next section.
Previous: To go to the previous page.
Submit: This will be enabled only after successful completion of entire
form.

Common Education Loan Application Form has following 7 sections

1. Basic Information
2. Personal Information
3. Present Banker Details
4. Course Details
5. Cost of Finance Details
6. Personal Information of Guarantor
7. Present Banker of Guarantor
8. Upload Documents
Please note that sections related to Guarantor Details will be displayed only if
required loan amount is more than or equal to Rs. 7.5 lakhs

If required details of any section are not completely filled in or any of the
field has errors then tab will have a red “cross mark”

If all the details are properly filled, that tab will have a green “tick mark”

1) Basic Information:

Page 17
Page 18
2) Personal Information:

Page 19
3) Present Banker Details

Page 20
 • Click on Link to Search IFSC Code
• Enter Bank Name/ City, Branch Name or IFSC Code
• List of results will be displayed
• Select the desired bank branch
• Click on “Submit”

To search for desired IFSC code; click on link “click here for IFSC code”
• Enter any combination of Bank name, city name, Branch Name or
enter IFSC code & click on Search.
• Select desired record from search results & click on Submit

“Search IFSC Code” Screen with results

Page 21
Details of submitted record will be auto populated under “Banker” & “Bank
Branch” fields

Present Banker Details

4) Course Details

Page 22
Under this section please ensure following
➢ Date of Commencement is not more than 2 years old
➢ Date of Completion is more than cannot be more than 10 years old
➢ Duration of the course should be mentioned in format YY-MM by
selecting the dropdown provided.
➢ No. of years for cost of course will be enabled based on the duration of
the course

“Search Institute name” Screen with results

Page 23
Steps to fill up cost of finance details:
• Select duration of course
• Fill up year wise cost of course
• Year wise total amount will be auto calculated
• Provide own source of fund/ scholarship amount
• Loan required will be auto calculated based on total cost of course &
own/scholarship fund amount
• (Loan amount= Total course cost – own source /scholarship
amount)
• All amounts to be entered in Indian Rupees.

5) Cost of Finance Details

Page 24
6. Personal Information of Guarantor

Page 25
Page 26
Page 27
7. Present Banker of Guarantor

Page 28
 8) Upload Documents

➢ To upload documents
• Select the desired file through Browse option
• Path of selected file will be displayed on screen
• Click on Upload to upload the selected file

Page 29
 • Documents to be uploaded only in format jpeg, .png, .pdf, .tiff
• Total size of all the documents should be max 2 MB
• You can also delete the uploaded documents by clicking on “Delete”
button provided for each document

CELAF preview screen:

• Click on each tab to get a preview of all the information filled by

the applicant

➢ Once all the sections of form are properly filled & required documents are
uploaded, you will be prompted to select declaration checkbox given on
the “Upload Documents” tab

Pop up message:

Page 30
 • Click on checkbox provided for “I agree” on Upload Documents tab
• Preview the details
• Click on “Ok” on above pop up message
• Click on Submit
•
Form will not be allowed to be submitted if there is any error in the data
entered or any of the mandatory field is blank

Please note that data entered in application form is auto saved.

Once the form is successfully submitted following message will be displayed

Page 31
Please note that your form data is saved on Vidya Lakshmi portal when you
submit the form.
Please note that by submitting the form loan application will not be sent to banks.
To search & apply for loan schemes go to “Search for Loan Schemes” section

7.1. STEP 5: SEARCH FOR LOAN SCHEMES

Search for desired loan schemes under this section

Search for loan schemes based on the following criteria by selecting the
desired option from dropdown provided
➢ Location of Study
o India
o Abroad
➢ Course
o Under Graduation
o Post-Graduation
o Professional
o Vocational
➢ Loan Amount Required
o Below Rs. 4 Lacs
o Between Rs 4 Lacs to Rs 7.5 Lacs

Page 32
 o More than Rs 7.5 Lacs
List of loan schemes will be displayed based on the selected criteria

Loan Search Results

Once the search results are displayed, click on the link provided for each
scheme under “Loan Name” column

Link will open in a new window & scheme details will be displayed

You can also check details of desired bank branch by clicking on the “Branch
Locator” link

Page 33
 7.2. STEP 6: APPLY FOR LOAN SCHEMES
Once the form is submitted you can apply for loan scheme by clicking on
“Apply”
Go to Search for Loan scheme to check the list of schemes available under Vidya
Lakshmi
Once you click on Apply, IFSC code search screen will be displayed
Search for desired bank branch by entering the city, branch name or IFSC code
Select the desired bank branch record
This option is provided to select the desired bank branch for your loan application
processing.

Click on “Submit” to submit the loan application to the bank

Pop up message screen ensuring the confirmation of desired loan scheme

selection

Page 34
Loan Application Successful Message

7.3. STEP 7: CHECK LOAN STATUS

Go to “Application Status” to check the status of applied schemes

Page 35
8. GRIEVANCE REPORTING

To report any query related to your loan application, go to Application

Status tab & click on “Report Grievance” button provided for desired
application id.
Report Grievance:

Following screen will be displayed

Page 36
 • Application ID, Bank Name & Grievance Type will be auto
populated
• Write the grievance/query to bank in textbox provided & click
on “Submit”
• Grievance will be reported to bank & confirmation message will
be displayed

Grievance Reported Message

Page 37
 • You can check list of your grievances under “Grievance List”
section

• Click on “Open Message Trail” to check the reply from bank

9. EDIT PROFILE
You can edit your profile details such as name & contact number by going to
“Edit Profile” section

Edit Profile:

Page 38
10. CHANGE PASSWORD
If you wish to change the password of your Vidya Lakshmi account, go to
“Change Password” section

Change Password:

Page 39
To change the password
• Enter Current Password
• Enter New Password
• Confirm New Password

Page 40