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The Government of India launched the Vidya Lakshmi Portal

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The Government of India launched the Vidya Lakshmi Portal on August 15, 2015 to offer education loan, scholarships & other student-friendly facilities online through one link: www.vidyalakshmi.co.in. The portal is the gateway to banks and also has linkages with National e-Scholarship Portal which was inaugurated by the Prime Minister on July 1, 2015 as part of Digital India initiative. 26 banks have been registered so far and 52 loan schemes have been uploaded on the Portal. The portal is useful for students, parents, educational institutions, bankers, employers, researchers, etc. The Portal has the facility of tracking the students right from the inception of loan application until the completion of sanction of loan or otherwise. Student can view, apply and track their education loan applications to banks anytime, anywhere by accessing the Portal.