{"id":4953,"date":"2023-06-06T13:15:43","date_gmt":"2023-06-06T07:45:43","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=4953"},"modified":"2023-06-06T13:15:44","modified_gmt":"2023-06-06T07:45:44","slug":"study-abroad-loans-215-per-cent-surge-in-study-abroad-loans-in-india-since-2012-13-news-2023-06","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-215-per-cent-surge-in-study-abroad-loans-in-india-since-2012-13-news-2023-06\/","title":{"rendered":"Study Abroad Loans: 215% Surge in Study Abroad Loans in India Since 2012-13"},"content":{"rendered":"\n<p>According to the Ministry of Finance, the number of <a href=\"https:\/\/leverageedu.com\/blog\/loans-to-study-abroad\/\"><strong>study abroad loans in India<\/strong><\/a> has increased by 215% from 2012-13 to 2021-22. Additionally, the Finance Ministry reports that 4.61 lakh <a href=\"https:\/\/fly.finance\/blog\/education-loan\/issues-after-education-loan-sanction\/\"><strong>Indian students availed of education loans<\/strong><\/a> from 2012 to 2022. Furthermore, the Ministry states that 22,200 students and 69,898 students got abroad studies <a href=\"https:\/\/leverageedu.com\/blog\/types-of-education-loan\/\"><strong>education loans <\/strong><\/a>during 2012-2013 and 2021-2022, respectively.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"400\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image.png\" alt=\"Study Abroad Loans: 215% Surge in Study Abroad Loans in India Since 2012-13\n\" class=\"wp-image-4954\" srcset=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image.png 720w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image-300x167.png 300w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image-150x83.png 150w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/figure>\n<\/div>\n\n\n<p>Moreover, the Ministry of Finance also stated that the Government of India disbursed INR 39,268.82 cr student loans during 2012-2022. In addition, the concerned ministers also state that <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mbbs\/\"><strong>study abroad medical education loans<\/strong><\/a> grew from INR 51.86 cr in 2012-2013 to INR 2,89,82 cr in 2012 to 2022. It amounts to a 459% surge in medical education loans in the concerned decade.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"400\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image-1.png\" alt=\"Study Abroad Loans: 215% Surge in Study Abroad Loans in India Since 2012-13\n\" class=\"wp-image-4955\" srcset=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image-1.png 720w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image-1-300x167.png 300w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/06\/06131010\/image-1-150x83.png 150w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/figure>\n<\/div>\n\n\n<p>The aforementioned spike in international student loans can be somewhere attributed to the streamlining of these loans. In 2015, the central government streamlined the <a href=\"https:\/\/fly.finance\/loans\"><strong>loan application<\/strong><\/a> process through Vidya Lakshmi Portal.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-vidya-lakshmi-portal\"><span id=\"vidya-lakshmi-portal\">Vidya Lakshmi Portal<\/span><\/h2>\n\n\n\n<p>Now, let us know about the basic features of the <a href=\"https:\/\/leverageedu.com\/blog\/vidya-lakshmi-portal\/\"><strong>Vidya Lakshmi Portal <\/strong><\/a>for <a href=\"https:\/\/leverageedu.com\/\"><strong>study abroad <\/strong><\/a>students:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is an online portal for students seeking educational loans in India.<\/li>\n\n\n\n<li>It provides a single platform to apply for various loan schemes offered by different banks.<\/li>\n\n\n\n<li>It streamlines the <a href=\"https:\/\/leverageedu.com\/blog\/web-stories\/how-to-apply-online-at-vidya-lakshmi-portal-for-education-loan\/\"><strong>Vidya Lakshmi Portal loan application process<\/strong><\/a> and reduces <a href=\"https:\/\/fly.finance\/blog\/education-loan\/documents-required-for-education-loan\/\"><strong>student loan paperwork<\/strong><\/a>.<\/li>\n\n\n\n<li>It enables students to compare and choose loan options based on <a href=\"https:\/\/fly.finance\/blog\/education-loan\/interest-rate-parity\/\"><strong>interest rates<\/strong><\/a>, repayment terms, etc.<\/li>\n\n\n\n<li>It offers a transparent and efficient system for loan disbursement and tracking.<\/li>\n\n\n\n<li>It facilitates direct communication between students, banks, and <a href=\"https:\/\/leverageedu.com\/universities\/top\/universities\/\"><strong>top universities of the world.<\/strong><\/a><\/li>\n\n\n\n<li>It provides information about scholarships and other financial aid opportunities.<\/li>\n\n\n\n<li>It offers resources and tools to help students make informed decisions about educational loans.<\/li>\n\n\n\n<li>It simplifies the process of <a href=\"https:\/\/leverageedu.com\/blog\/pay-off-student-loans\/\"><strong>loan repayment<\/strong><\/a> with online payment options.<\/li>\n\n\n\n<li>It aims to promote financial inclusion and access to <a href=\"https:\/\/leverageedu.com\/blog\/higher-education-in-india\/\"><strong>higher education in India<\/strong><\/a> and abroad.<\/li>\n<\/ul>\n\n\n\n<p>To get the latest updates on <a href=\"https:\/\/fly.finance\/\"><strong>study abroad loans<\/strong><\/a>, stay in tune with <a href=\"https:\/\/fly.finance\/blog\/news-updates\/\"><strong>Fly Finance News Desk<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There has been a 215% surge in study abroad loans since 2012-13. This is reported by the Finance Ministry of India.<\/p>\n","protected":false},"author":5,"featured_media":4958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-4953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Study Abroad Loans: 215% Surge in Study Abroad Loans in India Since 2012-13 | Fly Finance<\/title>\n<meta name=\"description\" content=\"There has been a 215% surge in study abroad loans since 2012-13. 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