Assam Abhinandan Education Loan Subsidy Scheme: Apply Online, Eligibility

Department of Finance, Government of Assam has taken initiative towards the education of the children and launched Abhinandan Education Loan Subsidy scheme. Today in this article we will discuss 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 procedures should follow apply, and more.

About Assam Abhinandan Education Loan Subsidy Scheme

Assam Abhinandan Education Loan Subsidy Scheme has been started by Chief minister Sarbananda Sonowalon 26 December 2019 during a programme held at Srimanta Sankardev Kalakshetra in Guwahati. This scheme has been started with the objective to provide loan waivers to the students of Assam who have taken education loans. Online application forms for this scheme are available on the official website. Till now 5,547 applications for this scheme has already been submitted. The government will release the subsidy from 7th to 10th of October.

Assam Abhinandan Education Loan Apply Online
Abhinandan Education Loan Subsidy Scheme

Also Read: Assam Scholarship 

Abhinandan Education Loan Subsidy Scheme In Highlights

Name of the schemeAbhinandan Education Loan Subsidy
Launched byFinance department
Launched forStudents
Scheme categoryState government scheme
Mode of applicationOnline

Benefits of Assam Abhinandan Education Loan Subsidy Scheme

Under this scheme the beneficiaries who get a loan amounting to Rs. 1 lakh or more sanctioned before 31st March 2019 or paid 25% of the 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.

Also Read: STARS Scheme 

Eligibility criteria
  • Permanent residents of Assam can apply for this scheme only
  • Applicants must have taken an 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 an online application to get a subsidy on an 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.

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 [email protected].

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