For what purpose, a web-based Portal “Vidya Lakshmi” has been launched by Union Government? [A]Direct subsidy for farmers [B]Women Empowerment [C]Medical loans [D]Educational Loans
Educational Loans To provide single window access for students to apply for education loans and government scholarships, a web-based portal “Vidya Lakshmi (www.vidyalakshmi.co.in)” has been launched by the Union Government. The portal will provide information about educational loan schemes of banks, common educational loan application form for students, facility to apply to multiple banks for educational loans and facility for banks to download students’ loan applications.The portal also has facility for banks to upload loan processing status, facility for students to email grievances/queries relating to educational loans, dashboard facility for students to view status of their loan applications for government scholarships. The Vidya Lakshmi Portal is developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) under the guidance of Department of Financial Services, Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).