Abhinandan Education Loan Subsidy Scheme 2023: Apply Online

Abhinandan Education Loan Subsidy Scheme | assam.gov.in | 

Everyone knows the importance of education. A good education is a guiding light toward the path of development and prosperity. The concerned authority of the Government of Assam has launched the Abhinandan Education Loan Subsidy Scheme 2023 for the year 2020.

In this scheme, about 50,000 subsidies will be provided on educational loans to all those students who want to pursue higher education.

We will share all the important details about this scheme like its objectives, benefits, eligibility criteria, and the application process, etc. if you are a student of Assam and want to know more about this scheme then read this article till the end.

Abhinandan Education Loan Subsidy Scheme

Abhinandan Education Loan Subsidy Scheme is a flagship program launched by the Government of Assam. This Scheme was launched to take care of the students of Assam who want to pursue higher education but are not able to do due to their financial condition.

Under this scheme, A loan amount of 50,000 Rs will be sanctioned to those students who want to continue their higher education studies. This scheme was launched on 4th September 2020. So far 5000 students have received Rs 50000 under this scheme. This will be a very beneficial scheme for the students.

Name of Scheme	Abhinandan Education Loan Subsidy Scheme 2023
Launched by	C.M Of Assam State
Beneficiaries	Students of state
Benefit	Financial Help
Official Website	assam.gov.in

The objective of the Abhinandan Education Loan Subsidy Scheme

The main objective of introducing the Abhinandan Educational Loan Subsidy Scheme is to help all those students of the state who want to get higher education but they do not have enough money to apply to colleges and schools. The scheme also aims to encourage more and more students to continue with higher studies.

Consequently, it will strengthen the education sector of Assam state. This will also enhance the human capital of the state.

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Benefits of the Abhinandan Education Loan Subsidy Scheme

The benefits are as follows-

• 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 Criteria

The eligibility criteria are given below:-

• Applicant must be a permanent resident of the state of Assam
• The applicant must have taken an educational loan from any commercial bank or regional rural bank in the state of Assam.
• The bank should be recognized by the Reserve Bank of India.
• It is mandatory to have an education loan of more than Rs 1 lakh.
• Beneficiaries already covered under Vidya Laxmi Yojana are not eligible to apply for this scheme.

Required Documents

• Student’s Aadhaar Card
• Residence Certificate
• Parent Identification Documents
• Bank loan Documents

How to Apply Online?

To apply follow the simple steps given below:-

• First, visit the Official Website of the scheme.
• On the homepage go to the scheme section.
• In this section, click on the Abhinandhan Education Loan Subsidy.
• Now a new page will open on your screen.
• After that, Click on the “Finance Department” Option.
• The Assam Abhinandhan Scheme Online Application Form 2020 will open on your screen.
• Fill in all the asked details like:-
  • Applicant Name
  • Father’s Name
  • Date Of Birth
  • Address
  • Mobile Number
  • Pan Card Details
  • Bank Details
• Upload the Documents
  • Loan Proof
  • Address Proof
  • Pan Card Proof
• Click on the “Submit” option to complete the application process.
• After that Assam Government will deposit a subsidy amount of Rs. 50,000 into your education loan account.

How to Track Application Status?

• First, visit the Official Website.
• On the homepage, Click on the “Track” option.

• After that, enter your “Loan Account Number” or “Application Number” and the “Registered Mobile Number”.
• At last, click on the “Submit” option to continue.

Some Important FAQs Answer