Abhinandan Education Loan Subsidy Scheme – Online Application

Abhinandan Education Loan Subsidy Scheme

The Finance Department Assam has opened the Abhinandan Education Loan Subsidy Scheme online Registration Process for the Students of Assam. Abhinandan Education Loan subsidy scheme is program by government of Assam to provide Rs. 50,000/- to all loanees who have availed education loans sanctioned till 31st March, 2019. Further all education loans sanctioned during 2019-2020 shall also be eligible for this subsidy. Candidates who are interested in Education Subsidy loan, they have to read the official notification of educational loan in assam finance department before applying online. The Eligibility Criteria & Complete Process to Online Application Form  given below.

Application ProcessOnline
Last Date20-09-2020
Abhinandan Education Loan Subsidy Scheme

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Abhinandan Education Loan Subsidy Scheme Details

Scheme Name: Education loan subsidy scheme for pursuing higher education by the children of the permanent residents of Assam.

Scheme Agency: Finance Department

Objective of the Scheme: Provide loan wavier to students of Assam who have availed Education loans

Benefit: One time subsidy of INR 50,000.00 shall be deposited in loan account

Launching Date: 26th December 2019

Last Date of Application: 20th September 2020

Eligibility Criteria for Abhinandan Education Loan Subsidy Scheme

  • Applicant should be a permanent resident of Assam
  • Education loan from any Scheduled Commercial Bank or Regional Rural Bank within the state.
  • No income criteria.
  • For all education loans sanctioned since 1 April 19, after disbursement of 25% of the sanctioned loan amount Rs one lakhs or more.
  • Beneficiaries already benefitted under “Bidya Lakshmi” scheme is not eligible for application of this scheme
  • Loan accounts must not be under NPA Status

Objective of Abhinandan Education Loan Subsidy Scheme

The objective of this program is to extend relief to those permanent residents of the State, who have taken education loans or are in the process of taking education loans for their children to pursue their dreams of getting higher education. This shall also promote many young and bright students who are unable to pursue their higher education due to financial constraints to take education loans in future.

Abhinandan Education Loan Subsidy Scheme Important Document

Applicant has to upload documents as proof of address, copy of pan card and proof of education loan availed.

Proof of address: Any one of the following documents shall act as proof of address

  • PRC Certificate
  • Ration Card
  • Aadhaar Card,
  • Driving License,
  • Voter Card,
  • Passport

Loan Proof: Any one of the following documents shall act as proof of identity.

  • Loan Sanction Letter
  • Loan Account Passbook Page showing details of the loan
  • Loan Account Statement

Related Post: Assam Orunodoi Scheme

How to Apply Abhinandan Education Loan Subsidy Scheme

Eligible And Interested Candidates are able to Submit their online application at education loan subsidy portal by following below provided simple steps.

  • Scroll Down, Check the Important Link Section.
  • Click on online Application Link
  • Enter All asked information, Upload All Required documents and Submit Online Application
  • After Submission of online application form, Take print out the final Application form for future use.

 

Important Link

Download Official FAQClick Here
Online Application LinkClick Here
Visit Official WebsiteClick Here

What is the Abhinandan Education Loan subsidy (AELS) scheme?

Abhinandan Education Loan subsidy scheme is program by government of
Assam to provide Rs. 50,000/- to all loanees who have availed education loans sanctioned till 31st March, 2019. Further all education loans sanctioned during 2019-2020 shall also be eligible for this subsidy.

Are personal loans taken to pursue education shall be subsidized
under this scheme?

No, only education loans shall be subsidized under this scheme.

Is Finance Department of Government of Assam providing education
loans?

No, Finance Department of Government of Assam is only providing subsidy
for education loans sanctioned by the banks.

Where can I obtain the documents for loan proof?

These documents can be obtained from the branch of bank from which the
loan has been availed.

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