Assam Abhinandan Education Loan Subsidy Scheme was launched on 26 December 2019 by Chief Minister Sarbananda Sonowal in the presence of Finance Minister Himanta Biswa Sarma, Education Minister Siddharth Bhattacharya, several senior officials of the state finance department and bank officials. The scheme is managed by the Finance Department, Govt. of Assam.
What is Assam Abhinandan Education Loan Subsidy Scheme?
Assam Abhinandan Education Loan Subsidy Scheme is a program by the Government of Assam to help students pay off their education loans. If a student has already repaid 25% of his loan, he can get ₹50,000 as a one-time grant from the government.The scheme is managed by the Finance Department, Govt. of Assam.
The scheme will provide assistance to the families of students who have taken out education loans of more than Rs 1 lakh.
Assam Abhinandan Education Loan Subsidy Scheme: Key highlights
| Organization | Government of Assam |
| Scheme Name | Assam Abhinandan Education Loan Subsidy Scheme |
| State | Assam |
| Launched By | Government of Assam |
| Department | Assam State Department of Finance |
| Category | Education Loan subsidy scheme |
| Subsidy Amount | One-time subsidy grant of Rs.50,000 |
| Schemes Purpose | Give money to students to help them pay off their education loans. |
| Application mode | Online |
| Official website | https://assam.gov.in/ |
| Whatsapp Group Link | Click Here to Join |
Assam Scheme Abhinandan Education Loan Subsidy : Eligibility Criteria
The educational qualifications you need for Assam Abhinandan Education Loan Subsidy Scheme are given below.
1. The applicant should be a permanent resident of Assam.
2. The Education Loan should have been availed from any Scheduled Commercial Bank or Regional Rural Bank within the state recognized by the Reserve Bank of India.
3. The education loan should be a minimum of ₹ 1,00,000.
Benefits of Assam Abhinandan Education Scheme
- The scheme is intended to provide loan subsidies up to Rs 50,000 in education loans to students pursuing higher education from good educational institutions.
- This scheme will provide assistance to the families of students who have taken out education loans of more than Rs 1 lakh.
- The applicant students can apply for the subsidy by paying 25% of their loans.
Documents Required for Assam Abhinandan Education Scheme
- Student’s Aadhaar Card
- Students passport size photograph
- Parents Identification Documents
- PAN Card
- Residence certificate
- Bank loan documents
- Bank Details
Apply Process: Assam Abhinandan Education Loan Subsidy scheme
1. Go to the official website of https://assam.gov.in/
2. Click where it says “ Loan Subsidy.”
3. Now, Choose “Assam Abhinandan
Education Loan Subsidy Scheme.”
4. Fill in your details Name, Address, and Bank account details.
5. Upload Your documents (Loan papers and All Address proof .
6. If you are Agree to the terms and click “Save” Button.
To Check Your Application Status:
1. Visit the official website of https://assam.gov.in/
2. Now, Click on “Track Application.”
3. Enter your Mobile number and Either your loan or application number.
4. At the end, Clicked “Submit” to see how your application is doing.
FAQs of Assam Abhinandan Education Loan Subsidy scheme
1.What is the Abhinandan Education Loan Subsidy Scheme?
Ans: Assam Abhinandan Education Loan Subsidy Scheme is a program by the Government of Assam to help students pay off their education loans. If a student has already repaid 25% of his loan, he can get ₹50,000 as a one-time grant from the government.
2. What is the accepted proof of residence?
Ans: original proof of residence documents includes Aadhaar card, ration card, voter ID card, passport, and other relevant identification documents.
3.What Should Be The Minimum Amount Of The Education Loan?
Ans: The education loan should be a minimum of ₹ 1,00,000.
4.Where Can I Find The Link To The Scheme Guidelines?
Ans: The scheme guidelines can be found at this link – https://assam.gov.in/assam-abhinandan-education-loan-subsidy-scheme
5.Can I Apply Offline To This Scheme?
Ans: No, this scheme only accepts online applications.