Pradhan Mantri Vidyalaxmi (PM-Vidyalaxmi) Scheme

REGISTRATION

Step 1: Visit the Official Website of the "Pradhan Mantri Vidyalaxmi (PM-vidyalaxmi) Scheme"

Step 2: In the top ribbon, click "Login" > "Student Login". On the next screen, click "Create an Account", you will be taken to the "Student Registration" page.

Step 3: Student to register through AADHAAR for availing benefits under the PM-Vidyalaxmi Scheme, which includes education loan, interest subvention, and credit guarantee coverage and can apply for Interest Subvention, if eligible.

Step 4: In the registration form, provide the following mandatory details - Applicant Name, Mobile Number, Email ID. Verify the Mobile Number and the Email ID via OTP. Create a password. It must contain at least 8 characters. A combination of uppercase and lowercase letters, numbers and special characters.

Step 5: Confirm the password, fill in the Captcha code, agree to the "Terms & Privacy", and click "Submit" to register. Upon registration, you will receive a confirmation message on SMS/Email/WhatsApp.

APPLICATION

Step 1: Visit the Official Website of the "Pradhan Mantri Vidyalaxmi (PM-vidyalaxmi) Scheme"

Step 2: In the top ribbon, click "Login" > "Student Login". On the next screen, provide your Login Details, i.e. the User ID and the Password. Your Registered Email will be your User ID.

Step 3: Fill in the Captcha code, agree to the "Terms & Privacy", and click "Login". Provide the OTP received on your Mobile Number / Email ID.

Step 4: In the "Student's Homepage", click "Apply for Education Loan", you will be taken to the online application form of the scheme.

Step 5: In the application form, fill in all the mandatory fields and upload all the mandatory documents in the specified format and size.

Step 6: Choose the preferred bank and branch from the dropdown. Carefully review all the information provided and the documents uploaded. Make any necessary corrections.

Step 7: Acknowledge and agree to the terms and conditions and privacy policy (if any). Click "Final Submit" to submit your application. You'll receive a confirmation message.

TRACK LOAN APPLICATION STATUS

Step 1: After logging into your PM-Vidyalaxmi account. In the "Student's Homepage", click on the "Track Loan Application" section from the menu.

Step 2: Select your Loan Application Number from the dropdown list.

Step 3: The current status of your application (e.g., "Under Review," "Approved," "Disbursed") will be displayed. To download a copy of your application, click "Download Application PDF".

APPLY FOR INTEREST SUBVENTION

Step 1: Once your education loan has been sanctioned and disbursed by the bank, log in to the "PM-vidyalaxmi" website.

Step 2: In the "Student's Homepage", select "Apply for Interest Subvention" from the menu.

Step 3: Click "Claim Interest Subvention" and fill in the required details.

Step 4: Upload the Income Certificate (issued by a public authority) or Annexure 6 (provided by your institute).

Step 5: Submit the form. You will receive confirmation via SMS/Email/WhatsApp.

RAISE A GRIEVANCE

Step 1: Navigate to the "Initiate Grievance" section from the menu. Click "Register New Complaint".

Step 2: Provide your Loan Application Number. Choose the Grievance Type and Subtype. Select the Bank involved.

Step 3: Describe the issue in detail and upload supporting documents (PDF/JPEG/PNG, max 200KB). Submit the grievance.

A Grievance ID will be generated for tracking. Check the status under "View Reply" and re-raise the complaint if unresolved.

GRIEVANCE REDRESSAL

For grievances, one can write to the Canara Bank at -

Toll-free No.: 1800 1031 and Tele: 080- 22533876

Email: hoel@canarabank.com, hogps@canarabank.com, support@pmvidyalaxmi.co.in.