Subsequent to the announcement of Hon’b’le Finance Minister, Vidya Lakshmi Portal has been set up from 15thAugust 2015. The Portal has been developed by National Securities Depository Limited (NSDL) e-Governance Infrastructure Ltd. The principal purpose of the Portal is to have facilities of education loan, scholarship & other student’s friendly facilities through one link. The Portal is gateway to Banks for education loan & also has linkages with National e-Scholarship Portal (NeSP) inaugurated by the Prime Minister on 1stJuly 2015 as a part of Digital India initiative managed by Centre for Good Governance under DEITY. The Portal is information friendly with relevant information for students. 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. Students can view, apply and tract their education loan applications to banks anytime, anywhere by accessing the Portal. The Portal would be useful for students, parents, educational institutions, bankers, employees, researchers, etc. 26 banks have been registered so far and 52 local schemes have been uploaded in Vidya Lakshmi Portal.