Assam Abhinandan Education Loan Subsidy Scheme0
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Assam Abhinandan Education Loan Subsidy Scheme 2023: Eligibility, Documents & Amount (Guidelines)

If you are a student from Assam who wants to pursue higher education at a good institution, you might be interested in the Abhinandan Education Loan Subsidy Scheme. This is a scheme launched by the Government of Assam to provide a one-time subsidy of up to Rs 50,000 on education loans taken from commercial or rural banks. The scheme aims to encourage and support students who aspire to achieve their academic goals and dreams.

You must be an Assamese permanent citizen and have a loan for educational purposes that is more than Rs 1 lakh in order to apply for this programme. Applying for the subsidy by paying 25% of your loan amount is either online or offline. Pupils who wish to lessen their financial load and concentrate on their studies might take advantage of the Abhinandan Education Loan Subsidy Scheme.

Abhinandan Education Loan Subsidy Scheme: Overview

Check out the overview with key points in the following table if you are also interested to get the benefits under Abhinandan Education Loan Subsidy Scheme Assam:

Scheme Name Abhinandan Education Loan Subsidy Scheme Assam
Launched by Government of Assam
Objective To provide a one-time subsidy of Rs. 50,000 on education loans to students pursuing higher education
Beneficiaries Students who have taken education loans from commercial or rural banks recognized by RBI
Eligibility Criteria The student must be a permanent resident of Assam. The student’s parents must have an education loan of more than Rs. 1 lakh. Government employees are not eligible.
Application Process Online or offline through the official website
Documents Required Student’s Aadhaar card, parent identification documents, bank loan documents, residence certificate

The state government of Assam has launched the Abhinandan Education Loan Subsidy Scheme 2023 Assam to help students get higher education and fulfill their dreams. The scheme gives a Rs. 50,000 subsidy on education loans to students who apply online or offline through the official website. This Assam Education Loan Subsidy Scheme is a boon for the students of the state who want to get quality education and brighten their future.

What is Abhinandan Education Loan Subsidy Scheme?

The Abhinandan Education Loan Subsidy Scheme Assam is a scheme launched by the Government of Assam to provide financial assistance to the students who want to pursue higher education and achieve their dreams. The scheme provides a one-time subsidy of Rs. 50,000 on education loans taken from commercial or rural banks recognized by the Reserve Bank of India (RBI). The scheme aims to reduce the financial burden and encourage more students to enroll in good institutions.

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Features of Assam Education Loan Scheme 2023

  • The scheme was launched by Chief Minister Sarbananda Sonowal on 26 December 2019 in the presence of Finance Minister Himanta Biswa Sarma, Education Minister Siddharth Bhattacharya, and other officials.
  • This Education Loan Scheme covers all students who have taken education loans of more than Rs. 1 lakh from any bank in Assam.
  • Assam Education Loan Subsidy provides a subsidy of Rs. 50,000 to each eligible student, which will be directly transferred to their bank accounts.
  • The scheme also benefits students who have availed of education loans earlier and have paid at least 25% of their loans.
  • Education Loan Subsidy excludes government employees and beneficiaries of other schemes such as the Bidya Lakshmi Scheme.

Eligibility & Documents for Abhinandan Education Loan Subsidy in Assam

To apply for the Abhinandan Education Loan Subsidy Scheme in Assam, you need to fulfill the following eligibility criteria and submit the required documents:

Eligibility Criteria for Education Loan Subsidy

  • You must be a permanent resident of Assam state.
  • You must have taken an education loan of more than Rs. 1 lakh from a commercial or rural bank recognized by the Reserve Bank of India (RBI).
  • You must be pursuing higher education from a good institution.
  • You must not be a government employee or a beneficiary of any other scheme for education loan subsidy.

Required Documents for Education Loan Scheme

  • Your Aadhaar card as an identity proof.
  • Your PAN card is income-proof.
  • Your admission letter from the recognized institution as an education proof.
  • Your education loan sanction letter and loan account passbook from the bank as loan proof.
  • Your residence certificate as domicile proof.

These are the requirements and papers for the Abhinandan Education Loan Subsidy Scheme Assam. This scheme gives a subsidy on education loans for higher education. You can apply online or offline through the website. The online process is easy and quick. The offline process needs visiting the bank. The Loan Scheme covers all students with loans from RBI-recognized banks in Assam. The scheme also helps the students who paid 25% of their loans. The scheme excludes government employees and other schemes.

How to Apply for This Assam Education Loan Subsidy Scheme?

The eligible students can apply for this scheme online or offline through the official website of the scheme. The online application process involves the following steps:

  • Visit the official website of the scheme: https://www.myscheme.gov.in/schemes/aelss
  • Click on the “Apply” option under “Abhinandan Education Loan Subsidy”.
  • Fill in the required details such as name, Aadhaar number, bank details, loan details, etc.
  • Upload the required documents such as an Aadhaar card, parent identification documents, bank loan documents, residence certificate, etc.
  • Submit the application form and take a printout for future reference.

The offline application process involves visiting the nearest bank branch and submitting the application form along with the required documents. The Abhinandan Education Loan Subsidy Scheme Assam is a great initiative by the state government to support students who want to pursue higher education and achieve their dreams. 

By providing a one-time subsidy of Rs. 50,000 on education loans, the scheme aims to reduce the financial burden and encourage more students to enroll in good institutions. If you are eligible for this scheme, you can apply online or offline through the official website and avail of the benefits. This Abhinandan Education Loan Subsidy Scheme is a golden opportunity for the students of Assam to get quality education and secure their future.

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Benefits & Features of Abhinandan Education Loan Subsidy

Abhinandan Education Loan Subsidy Scheme Assam is a scheme launched by the Government of Assam to provide financial assistance to the students who have taken education loans for pursuing higher education. The scheme aims to encourage and support the students of Assam to achieve their academic goals and aspirations.

What are the benefits of the scheme?

  • One-time subsidy of Rs. 50,000 to eligible students on their education loans.
  • Applicable to the loans taken from any commercial bank or regional rural bank recognized by the Reserve Bank of India.
  • Available for loans of more than Rs. 1 lakh taken for any course or degree from any recognized institution.
  • The subsidy can be availed by paying 25% of the loan amount or Rs. 50,000, whichever is less, to the bank.
  • Also applicable to students who have already availed of education loans before the launch of the scheme.

What are the features of the scheme?

  • Open to all the permanent residents of Assam who have taken education loans for higher education.
  • Covers all types of courses and degrees, including technical, professional, vocational, and general education.
  • Does not discriminate on the basis of caste, religion, gender, or income of the students or their parents.
  • The scheme does not require any collateral or guarantor for availing the subsidy.
  • This loan subsidy does not impose any limit on the number of beneficiaries or the amount of subsidy per year.

The Government of Assam has launched the Abhinandan Education Loan Subsidy Scheme to help students who wish to study further and achieve their goals. The loan subsidy gives a big subsidy on education loans and makes it easier for students and their families to afford higher education. The education loan is simple to apply and includes all kinds of courses and institutions. The Assam Education Loan Yojana is a blessing for the students of Assam who want to excel in their education and career.

Contact Details for Abhinandan Education Loan Subsidy

If you have any queries or doubts regarding the Abhinandan Education Loan Subsidy Scheme Assam, you can contact the following authorities for assistance:

  • The Finance Department of Assam: 

Citizens can visit the official website of the Finance Department of Assam (link) and check the details of the scheme. Applicants can also find the list of eligible banks and institutions, the application form, and the guidelines for the scheme on the website.

  • The Bank or CSC: 

You can visit your nearest bank or CSC (Common Service Center) and get more information on the application process, eligibility criteria, and required documents for the scheme. Applicants also can apply for the scheme through the bank or CSC by filling up the application form and submitting the documents.

  • The Technical Support: 

If you face any technical issues while applying for the scheme online, you can contact the technical support team by sending an email to subsidyloanassam@gmail.com. You can also call on (011) 24303714 for any technical assistance.

FAQs on Abhinandan Education Loan Subsidy Scheme

If you have any questions or doubts about the Abhinandan Education Loan Subsidy Scheme Assam, you can check out some of the frequently asked questions and their answers below:

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What is the Abhinandan Education Loan Subsidy Scheme in Assam?

The Abhinandan Education Loan Subsidy Scheme Assam is a scheme launched by the Government of Assam to provide a one-time subsidy of Rs. 50,000 to the students who have taken education loans for pursuing higher education from any recognized institution.

What is the objective of the scheme?

The objective of the scheme is to provide financial assistance to the students of Assam who want to pursue higher education and achieve their academic goals and aspirations. The scheme also aims to encourage and support students to take education loans from banks and repay them easily.

Who are eligible for the scheme?

The scheme is open to all the permanent residents of Assam who have taken education loans for higher education from any commercial bank or regional rural bank recognized by the Reserve Bank of India. The loan amount should be more than Rs. 1 lakh and the loan should be sanctioned before 31st March 2019.

How to apply for the scheme?

The eligible students can apply for the scheme online through the official website of the scheme (link). The students have to fill up an online application form and upload the required documents, such as an Aadhaar card, bank loan documents, residence certificate, etc. The students have to verify their details and submit their application form online. The subsidy amount will be transferred directly to the bank account of the students after verification and approval by the authorities.

Conclusion (Final Thoughts)

The Abhinandan Education Loan Subsidy Scheme Assam is a scheme initiated by the Government of Assam to help students who have taken education loans for pursuing higher education. The scheme provides a one-time subsidy to eligible students on their education loans and reduces the financial stress on them and their families. The scheme is easy to apply and covers all types of courses and institutions. The education loan is a boon for the students of Assam who aspire to achieve excellence in their education and career.