Abhinandan Education Loan Subsidy Scheme 2024: Online Apply, Eligibility

Assam Abhinandan Education Loan Subsidy Scheme – The Assam Government kicked off the Abhinandan Educational Loan Subsidy Scheme. Under the scheme, Rs. 50,000 subsidies are to be given on educational loans to students seeking to pursue higher studies. Here, you can check out the details about the Abhinandan Education Loan Subsidy Scheme, its eligibility criteria, step-by-step application procedure, required documents, and so on.

Assam Abhinandan Education Loan Subsidy 2024 – Overview

Name of the SchemeAbhinandan Education Loan Subsidy Scheme
Started byAssam Government
BeneficiariesHigher understudies
ObjectiveTo offer Rs. 50,000 subsidies to the students
Official Websitehttps://www.assamfinanceloans.in/subsidy/welcome

Abhinandan Education Loan Subsidy Scheme

Chief Minister Sarbananda Sonowal introduced the Assam Abhinandan Education Loan Subsidy Scheme at the Srimanta Sankardev International Auditorium on 26 December 2019 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 main purpose of the scheme is to offer a loan subsidy of up to Rs 50,000 on education loans to students pursuing higher education from good institutions. Under the Abhinandan Education Loan Subsidy Yojana, the Government of Assam will give a one-time subsidy on loans to all students pursuing higher education on education loans.

Benefits of the Assam Abhinandan Scheme

  • A subsidy of Rs 50,000 will be given to students by the Assam Government on education loans up to Rs 1,00,000.
  • Applicant students can apply for the subsidy by paying 25% of their loans.
  • The subsidy will be obtained only on loans taken from commercial banks like Federal Bank and HDFC and regional rural banks such as Assam Rural Regional Bank.
  • All students will be provided financial support by encouraging students to education loans.

Eligibility Criteria

Meet the eligibility criteria to apply for the scheme.

  • Must be a permanent resident.
  • Must have taken the educational loan from any Scheduled Commercial Bank or Regional Rural Bank.
  • No income criteria
  • The loan must be sanctioned before the date of 31st March 2019.
  • The loan amount is Rs. 1,00,000 or over.
  • Beneficiaries who have already applied under the Bidya Lakshmi Scheme can not apply.

Required Documents

  • Aadhaar Card
  • Parent Identification Documents
  • Bank loan documents
  • Residence certificate

How to Apply Online for Abhinandan Education Loan Subsidy

Here are the steps to apply for the Abhinandan educational loan subsidy scheme.

  • On the homepage, click on the Abhinandhan Education Loan Subsidy.
  • Tap on the “Apply” Option.
  • The Assam Abhinandhan Scheme Online Application Form will appear on your screen.
  • Enter the required details such as Applicant’s Name, Father’s Name, Date Of Birth, Address, Mobile Number, Pan Card, and so on.
Abhinandhan Education Loan Subsidy
  • Upload the needed documents including Loan Proof, Address Proof, and Pan Card Proof
  • Click on the “Submit” button.
  • The application process will be completed.

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