Assam Abhinandan Education Loan Subsidy Scheme: Apply Online, Eligibility

Department of Finance, Government of Assam has taken initiate towards the education of the children and launched Abhinandan Education Loan Subsidy scheme. Today in this article we will discuss about the scheme and all its related aspects such as who can apply for the scheme, what benefits will the applicants get, how the benefits will be provided, what documents do they need to apply, what procedure should follow to apply and more. Interested aspirants who belongs to Assam state can grab the information and get the benefits of the scheme.

Assam Abhinandan Education Loan Subsidy Scheme

Assam Abhinandan Education Loan Subsidy Scheme has been started by the Chief minister Sarbananda Sonowalon 26 December 2019during a programme held at Srimanta Sankardev Kalakshetra in Guwahati. This scheme has been started with the objective to provide loan waiver to the students of Assam who have taken education loan. Online application forms for this scheme are available on the official website. Till now 5,547 applications for this scheme has already been submitted. Government will release the subsidy from7th to 10th of October.

Assam Abhinandan Education Loan Apply Online

Scheme Highlights

Name of the schemeAbhinandan Education Loan Subsidy
Launched byFinance department
Launched forStudents
Scheme categoryState government scheme
Mode of applicationOnline
Official websitehttps://www.assamfinanceloans.in/

प्रधानमंत्री धन लक्ष्मी योजना 2021

Benefits of the scheme

Under this scheme the beneficiaries who get loan amounting to Rs. 1 lakh or more sanctioned before 31st March, 2019 or paid 25% of loan amount sanctioned after 1st April, 2019 will get INR 50000 one-time subsidy. The subsidy amount will directly be deposited into the loan account of the beneficiaries.

Eligibility criteria

  • Permanent resident of Assam can apply for this scheme only
  • Applicants must have taken education loan from any scheduled commercial bank or regional rural bank within the state
  • There are no income criteria
  • Education loan amounting to Rs. 1 lakh or more sanctioned before 31st March, 2019 comes under the scheme
  • Education loan sanctioned after 1st April, 2019 after disbursement of 25% sanctioned loan amount also comes under the scheme
  • Applicants who are already taking the benefit of bidya lakhsmi scheme are not eligible to apply for this scheme
  • Status of loan amount must not under NPA

Significant Documents

  • Loan proof
    • Sanction Letter
    • Loan Account Passbook Page showing details of the loan
    • Loan Account Statement
  • Address Proof
    • PRC Certificate
    • Ration Card
    • Aadhaar Card,
    • Driving License,
    • Voter Card,
    • Passport
  • PAN card
Assam Abhinandan Education Loan Subsidy Scheme

Online application procedure

To seek online application to get subsidy on education loan you should follow the further mentioned steps: –

  • First open the official website of the department which is “www.assamfinanceloans.in
  • From opened page you should go to Abhinandan education
  • You will see “Apply” option given below to it
  • Hit on it or directly click here
  • This will open the application form on the screen
  • Read the declaration and hit yes
  • Provide the following details in it
    • Name
    • Father name
    • Date of birth
    • Gender
    • Permanent address
    • Mobile no
    • PAN No
    • Email id
    • Loan details
  • Upload the supporting documents and tick the checkbox after reading the information
  • Hit save option and take print out of the form for further use.

Pradhan Mantri Vaya Vandana Yojana

Procedure to track application

  • First open the official website of the department which is “www.assamfinanceloans.in”
  • Go to application tracking section and hit track option
  • Provide mobile no and loan account no/ application no
  • Hit submit option and information will appear on the screen
Helpline

For technical support you can contact the authorities via email at subsidyloanassam@gmail.com.

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