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Abhinandan Education Loan Subsidy Scheme

Chief Minister Sarbananda Sonowal launched 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, , several senior officials of the State Finance Department, and bank officials

Ministry / Department
Finance Department
Level
State
Benefit type
other
Last verified: Recently

What is Abhinandan Education Loan Subsidy Scheme?

Chief Minister Sarbananda Sonowal launched 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, , several senior officials of the State Finance Department, and bank officials

Benefit
Benefits A subsidy of Rs 50,000 will be provided to students by the Government of Assam on education loans up to Rs 1 lakh. In this scheme, all the applicant students can apply for the subsidy by paying 25% of their loans. Under this scheme, the subsidy can be obtained only on loans taken from commercial banks like Federal Bank and HDFC and regional rural banks like Assam Rural Regional Bank. In this scheme, all students have to get financial help by encouraging students on education loans.
Level
State — Assam
Ministry / Dept.
Finance Department
Benefit type
other
Key eligibility
**Eligibility Criteria** 1. It is mandatory for the student to be a permanent resident of the state of Assam. 1. The student must have taken a loan from a commercial or rural bank, otherwise, he cannot avail of the benefit of the scheme. 1. The bank has been recognized by the Reserve Bank of India.
Last verified
Recently

Benefits

Benefits A subsidy of Rs 50,000 will be provided to students by the Government of Assam on education loans up to Rs 1 lakh. In this scheme, all the applicant students can apply for the subsidy by paying 25% of their loans. Under this scheme, the subsidy can be obtained only on loans taken from commercial banks like Federal Bank and HDFC and regional rural banks like Assam Rural Regional Bank. In this scheme, all students have to get financial help by encouraging students on education loans.

Eligibility

**Eligibility Criteria** 1. It is mandatory for the student to be a permanent resident of the state of Assam. 1. The student must have taken a loan from a commercial or rural bank, otherwise, he cannot avail of the benefit of the scheme. 1. The bank has been recognized by the Reserve Bank of India. Area: AssamBenefit: other

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Application process

    2. Step 2: Online application — step 2

      Visit the official website . With the respect to the "Abhinandhan Education Loan Subsidy", click on apply option. The Assam Abhinandhan Scheme Online Application Form will appear. Now provide the required details. Upload the required documents and submit

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website

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