Abhinandan Education Loan Subsidy Scheme Assam – Benefits, Eligibility & Application: Learn about the Abhinandan Education Loan Subsidy Scheme in Assam. Discover benefits, eligibility criteria, and the application process. Get up to Rs 50,000 subsidy for higher education loans.
Abhinandan Education Loan Subsidy Scheme Overview
The Abhinandan Education Loan Subsidy Scheme in Assam aims to assist students by offering a loan subsidy of up to Rs 50,000 for higher education. This scheme is part of a broader initiative that includes the Housing Scheme. Under this program, the Assam Government provides a one-time subsidy on education loans taken by students from reputable institutions. Major banks like Federal Bank and HDFC are covered under this scheme.
Benefits of the Abhinandan Education Loan Subsidy Scheme
| Benefit | Description |
|---|---|
| Subsidy Amount | The Government of Assam offers a subsidy of Rs 50,000 on education loans up to Rs 1 lakh. |
| Application Contribution | Students must pay 25% of their loan amount to apply for the subsidy. |
| Eligible Banks | Subsidy is available for loans from commercial banks like Federal Bank and HDFC, and regional rural banks like Assam Rural Regional Bank. |
Eligibility Criteria for the Scheme
| Criterion | Details |
|---|---|
| Residency | Applicants must be permanent residents of Assam. |
| Loan Source | Loans must be taken from a commercial or rural bank recognized by the Reserve Bank of India. |
| Loan Amount | Parents must have an education loan amounting to more than Rs 1 lakh. |
Exclusions for the Scheme
| Exclusion | Description |
|---|---|
| Government Employees | Government employees are not eligible to apply for the scheme. |
| Other Benefits | Applicants cannot receive benefits from any other scheme for the same purpose. |
| Bidya Lakshmi Scheme | Beneficiaries of the Bidya Lakshmi Scheme cannot apply for this scheme. |
Application Process for the Abhinandan Scheme
To apply for the Abhinandan Education Loan Subsidy Scheme, follow these steps:
| Step | Details |
|---|---|
| Visit the Official Website | Go to the official website of the Abhinandan Scheme. |
| Find Application Form | Click on the “Apply” option for the Abhinandan Education Loan Subsidy. |
| Fill Out Form | Complete the online application form with the necessary details. |
| Submit Documents | Upload required documents and submit the application. |
Documents Required for Application
| Document | Description |
|---|---|
| Aadhaar Card | Student’s Aadhaar Card is required. |
| Parent Identification | Identification documents of the student’s parents. |
| Bank Loan Documents | Documents related to the education loan. |
| Residence Certificate | Certificate proving residence in Assam. |
Frequently Asked Questions
| Question | Answer |
|---|---|
| What is the Abhinandan Education Loan Subsidy Scheme? | This scheme provides a subsidy of up to Rs 50,000 on education loans for higher education in Assam. |
| Who can apply for the subsidy? | Students who are permanent residents of Assam and have education loans from recognized banks can apply. |
| How much subsidy is available? | The subsidy amount is Rs 50,000 for loans up to Rs 1 lakh. |
| What banks are eligible under this scheme? | Eligible banks include Federal Bank, HDFC, and regional rural banks like Assam Rural Regional Bank. |
| Are there any exclusions? | Yes, government employees and beneficiaries of the Bidya Lakshmi Scheme cannot apply. |
| How do I apply for the scheme? | Visit the official website, fill out the application form, and submit the required documents. |
Tags: Abhinandan Education Loan Subsidy Scheme, Assam