We have good news for all the residents of Assam who are looking to buy automobiles on loan with less interest. So, the Government of Assam has approved a great scheme called Apun Bahan Scheme Assam 2024 on the 7th of August 2023. The CM announced that the candidates of Assam who want to buy automobiles will now get a discount for an interest loan at a subsidy. Many people want to buy motors but because of the high rate of automobiles, many are not able to buy or apply for loans because of loan interest. So, candidates must wait for the implementation of the scheme for subsidy at interest loan so the burden will be less and happiness will be high. In this article, we will cover the general information regarding the Scheme. The official website is not announced yet. But stay connected for more details.
About Apun Bahan Scheme Assam 2024
Citizens of Assam can apply under the Apun Bahan Scheme Assam 2024 to get an automobile loan with at least interest. Citizens can apply for the automobile loan through the following banks: scheduled commercial banks, regional rural banks, and the Reserve Bank of India-recognized Assam Cooperative Apex Bank. All the people from Assam except females or persons with disability will get a 2% interest subsidy on automobiles and women or physically disabled can get a 3% interest subsidy. The Scheme applies only to candidates between the age group of 7 to 53 years. This makes sure that the employees’ service period coincides with the maximum loan term of 7 years.
Also Read: Swami Vivekananda Assam Youth Empowerment Yojana
The objective of Apun Bahan 2024
The main aim of introducing the Apun Bahan Scheme Assam 2024 is to provide automobile loans at a discounted rate for the citizens of Assam for their facilities. Many citizens cannot afford the high price of automobiles so they prefer loans for buying automobiles, but unfortunately, the interest rate of automobiles is as expensive as the actual price. So, to solve this issue the government planned to offer a discount on automobile loan interest.
Key Highlights of Apun Bahan Scheme 2024
| Name of Scheme | Apun Bahan Scheme Assam 2024 |
| To offer automobile loan at a subsidized rate | Government of Assam |
| Objective | To offer automobile loans at a subsidized rate |
| Benefits | To offer automobile loans at a subsidized rate |
| Eligibility Criteria | Candidates from 21 years to 53 years |
| Approved date | 7th August 2023 |
| Official Website | Not announced |
Benefits and Features
- The Government of Assam has approved a great scheme called Apun Bahan Scheme Assam 2023 on the 7th of August 2023.
- The CM announced that the candidates of Assam who want to buy automobiles will now get a discount for interest loans at a subsidy.
- Citizens can apply for the automobile loan through the following banks: scheduled commercial banks, regional rural banks, and the Reserve Bank of India-recognized Assam Cooperative Apex Bank.
- All the people from Assam except females or persons with disability will get 2% interest subsidy on automobiles and women or physically disabled can get 3% interest subsidy.
- This makes sure that the employees’ service period coincides with the maximum loan term of 7 years.
Also Read: Atmanirbhar Assam Scheme
Eligibility Criteria
- Candidate must be a permanent resident of Assam.
- The age of candidates should be between 21 to 53 years.
- This makes sure that the employees’ service period coincides with the maximum loan term of 7 years.
Documents Required
- Aadhar Card
- Pan Card
- Employee ID Card
- Permanent Resident
- Loan Documents
- Loan Period Documents
- Bank Passbook
- Canceled Check
- Income Certificate
- Bank Statement
- Passport Size Photo
- Age Proof
- Address Proof
Application Process for Applying under Apun Bahan Scheme Assam 2024
The Government of Assam has not declared the official website for Apun Bahan Scheme 2024. So, candidates need to wait a little for the announcement of the official portal and application form. After the announcement, we will provide you with the steps to be followed for registration under the Apun Bahan Scheme Assam 2024.
FAQs
The Government of Assam has not declared the official website for the Scheme Assam 2024.
Women or the Physically disabled can get a 3% interest subsidy on automobile loans.
Citizens can apply for the automobile loan through the following banks: scheduled commercial banks, regional rural banks, and the Reserve Bank of India-recognized Assam Cooperative Apex Bank.