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PSBs Flag Technical Glitches in PM Vidyalaxmi Implementation
Business Standard
|April 15, 2025
Slow Progress
Amid a slow uptake of the PM Vidyalaxmi scheme—a central government initiative aimed at providing financial support to meritorious students—public sector banks (PSBs) have raised several concerns regarding its implementation.
This comes even as the finance ministry told PSBs to launch awareness campaigns to improve outreach.
Among the key issues highlighted are persistent technical glitches, including repeated login failures due to server-level errors and frequent auto logouts from the portal.
Furthermore, the migration of old leads to the new portal has not been completed, making it difficult for banks to track and process previous applications, said a senior government official.
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