The Education Loan e Voucher Scheme 2025 is made to support students who have finished their class 12th and want to continue with higher education without worrying about money. This scheme was started by the Government of India and announced by Finance Minister Mrs. Nirmala Sitharaman during the 2024-25 budget speech. It helps students with financial support to achieve their goals.
Overview of the Education Loan e Voucher Scheme 2025
This scheme offers educational loans up to INR 10 lakh to eligible students across India. It helps cover the costs of higher education in colleges and universities around the country. The loan comes with a low-interest rate of just 3% per year, making it easier and less stressful to repay compared to regular market rates.
About 1 lakh students can benefit from this scheme, which aims to reduce the financial pressure on students who want to study further but don’t have the funds.
Education Loan e Voucher Scheme
Summary of the Education Loan e Voucher Scheme 2025
| Name of the scheme | Education Loan e Voucher Scheme |
| Started by | Government of India |
| Goal | Financial support for students |
| Who benefits | Students in India |
| Official website |
Loan Amount and Interest Rate
- Loan amount: Up to INR 10 lakh.
- Interest rate: 3% per year.
Number of Students Benefiting
- About 1 lakh students will get support through this scheme.
Important Dates
- The scheme was officially announced on 23rd July 2024.
Who Announced It?
- The Education Loan e Voucher Scheme 2025 was announced by Finance Minister Mrs. Nirmala Sitharaman.
Eligibility Criteria
- You must be a permanent resident of India.
- You should be a student facing money problems.
Benefits of the Education Loan e Voucher Scheme 2025
- Gives financial help so you can continue higher studies.
- Low interest rate of only 3%, making repayment easier.
- Supports you in building a better career with higher education.
- Improves the social standing and living standards of students.
- Helps lakhs of students all over India.
Documents Needed for Application
- Aadhar Card
- Email ID
- Mobile Number
- Electricity Bill (for address proof)
- Address Proof
- PAN Card
How to Apply Online for Education Loan e Voucher Scheme 2025
Step 1: Visit the official website and check if you meet the eligibility criteria.
Step 2: Click on the “Apply Here” link on the homepage.
Step 3: Fill in all required details and upload the necessary documents in the application form.
Step 4: Review your form carefully and submit your application.
Frequently Asked Questions (FAQs)
What is the purpose of the Education Loan e Voucher Scheme 2025?
It helps students financially so they can continue their higher education without stress.
When was this scheme introduced?
It was announced during the 2024-25 budget presentation by Finance Minister Mrs. Nirmala Sitharaman.
What is the interest rate for the loan under this scheme?
The loan has a low interest rate of 3% per year.
If you qualify, don’t miss this opportunity to get financial support and make your higher education dreams come true through the Education Loan e Voucher Scheme 2025.