The government has launched ‘Vidya Lakshmi’, a web-based portal for students seeking educational loans.

“The portal provides a single window for students to access information and make applications for loans provided by banks as well as government scholarships,” a statement from the Finance Ministry said on Thursday. So far, 13 banks have registered 22 educational loan schemes on the portal and five banks — SBI, IDBI Bank, Bank of India, Canara Bank and Union Bank of India — have integrated their systems with the portal for providing loan processing status to students, it added.

The portal has been developed and is being maintained by NSDL e-Governance Infrastructure.