In a progressive move to ease financial constraints on aspiring doctors, the National Medical Commission (NMC) has issued an official directive to 50 top medical institutions across India to promote the PM Vidyalaxmi Education Loan Scheme in their official prospectuses and admission brochures. This step is aimed at enhancing awareness about accessible education loan options for medical students.
The PM Vidyalaxmi Education Loan Scheme, launched on November 6, 2024, is based on the Model Education Loan Scheme (MELS) developed by the Indian Banks’ Association (IBA). The scheme facilitates collateral-free and guarantor-free education loans, specifically designed to support meritorious students seeking admission in Quality Higher Educational Institutions (QHEIs).
According to the NMC notice, all NMC medical colleges listed under this scheme are required to incorporate complete information about the Vidyalaxmi education loan scheme for medical students. This ensures that students and their families are fully informed about the financial assistance options available through banks.
The PM Vidyalaxmi portal provides a transparent, fully digital, and student-friendly platform for applying to loans under this scheme. All Scheduled Commercial Banks have been advised by the RBI to adopt this model to improve accessibility to education loans for medical education.
List of 50 Medical Colleges under NMC for PM Vidyalaxmi Education Loan Scheme
S.No. | Name of Institution | State / UT | City/District |
1 | All India Institute of Medical Sciences (AIIMS), Mangalagiri | Andhra Pradesh | Mangalagiri |
2 | AIIMS, Guwahati | Assam | Kamrup |
3 | AIIMS, Patna | Bihar | Patna |
4 | Post Graduate Institute of Medical Education and Research | Chandigarh | Chandigarh |
5 | Government Medical College & Hospital | Chandigarh | Chandigarh |
6 | AIIMS, Raipur | Chhattisgarh | Raipur |
7 | AIIMS, Delhi | Delhi | Delhi |
8 | Vardhman Mahavir Medical College & Safdarjung Hospital | Delhi | New Delhi |
9 | Maulana Azad Medical College | Delhi | Central Delhi |
10 | Lady Hardinge Medical College | Delhi | New Delhi |
11 | University College of Medical Sciences | Delhi | North East Delhi |
12 | UCMS & Guru Teg Bahadur Hospital | Delhi | North East Delhi |
13 | AIIMS, Rajkot | Gujarat | Rajkot |
14 | Pandit Bhagwat Dayal Sharma University of Health Sciences | Haryana | Rohtak |
15 | ESIC Medical College and Hospital, Faridabad | Haryana | Faridabad |
16 | AIIMS, Bilaspur | Himachal Pradesh | Bilaspur |
17 | AIIMS, Samba | Jammu & Kashmir | Samba |
18 | National Institute of Mental Health and Neuro Sciences (NIMHANS) | Karnataka | Bengaluru |
19 | Kasturba Medical College, Manipal | Karnataka | Udupi |
20 | Kasturba Medical College, Mangalore | Karnataka | Dakshina Kannada |
21 | M.S. Ramaiah Medical College | Karnataka | Bengaluru |
22 | ESIC Medical College, Bengaluru | Karnataka | Bengaluru |
23 | Sree Chitra Tirunal Institute for Medical Sciences and Technology | Kerala | Thiruvananthapuram |
24 | Government Medical College | Kerala | Thiruvananthapuram |
25 | AIIMS, Bhopal | Madhya Pradesh | Bhopal |
26 | Armed Forces Medical College | Maharashtra | Pune |
27 | AIIMS, Nagpur | Maharashtra | Nagpur |
28 | Regional Institute of Medical Sciences | Manipur | Imphal West |
29 | AIIMS, Bhubaneswar | Odisha | Khordha |
30 | Jawaharlal Institute of Postgraduate Medical Education and Research (JIPMER) | Puducherry | Puducherry |
31 | Christian Medical College | Punjab | Ludhiana |
32 | AIIMS, Bathinda | Punjab | Bathinda |
33 | AIIMS, Jodhpur | Rajasthan | Jodhpur |
34 | Sawai Man Singh Medical College | Rajasthan | Jaipur |
35 | Christian Medical College | Tamil Nadu | Vellore |
36 | Madras Medical College & Government General Hospital | Tamil Nadu | Chennai |
37 | Saveetha Institute of Medical and Technical Sciences | Tamil Nadu | Thiruvallur |
38 | ESIC Medical College & ESIC-PGIMSR, Chennai | Tamil Nadu | Chennai |
39 | AIIMS, Madurai | Tamil Nadu | Madurai |
40 | Osmania Medical College | Telangana | Hyderabad |
41 | AIIMS, Bibinagar | Telangana | Yadadri Bhuvanagiri |
42 | Shri Vinoba Bhave Institute of Medical Sciences | Dadra & Nagar Haveli & Daman & Diu | Silvassa |
43 | Sanjay Gandhi Postgraduate Institute of Medical Sciences | Uttar Pradesh | Lucknow |
44 | King George’s Medical University | Uttar Pradesh | Lucknow |
45 | AIIMS, Gorakhpur | Uttar Pradesh | Gorakhpur |
46 | AIIMS, Raebareli | Uttar Pradesh | Raebareli |
47 | Uttar Pradesh University of Medical Sciences | Uttar Pradesh | Etawah |
48 | AIIMS, Rishikesh | Uttarakhand | Dehradun |
49 | Medical College, Kolkata | West Bengal | Kolkata |
50 | AIIMS, Kalyani | West Bengal | Nadia |
This development is expected to boost access to education loans for MBBS and PG medical students, especially those from economically weaker backgrounds. The inclusion of loan scheme information in prospectuses ensures students are not left unaware of such vital opportunities. The NMC’s efforts in aligning with the PM Vidyalaxmi Education Loan Scheme highlight a crucial step toward a more inclusive and financially supported medical education system in India.
For detailed information or to apply under this scheme, candidates can visit the official PM Vidyalaxmi portal.
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