Abhinandan Scheme Assam 2020 : Education Loan Subsidy Online Application

The Finance Department of Assam has opened the Abhinandan Scheme Assam 2020 online Registration Process for the students of Assam. The Abhinandan Education Loan Subsidy Scheme is a program by the government of Assam to provide Rs. 50,000/-to all loanees who have availed education loans sanctioned till March 31st, 2019. Furthermore, all education loans sanctioned during 2019-2020 shall also be eligible for this subsidy. 

Candidates who are interested in education subsidy loan have to read the official notification of educational loan in the Assam finance department before applying online. The Eligibility Criteria and Complete Process for the Online Application Form  given below.

Application ProcessOnline
Last Date20-09-2020
Abhinandan Scheme Assam 2020

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Ahinandan Scheme Assam 2020 Details

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

Scheme Agency: Finance Department 

The 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 of Abhinandan Scheme Assam 2020

  • The 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 April 1, 2019, after disbursement of 25% of the sanctioned loan amount, Rs one lakh or more.
  • Beneficiaries who have already benefited under the “Bidya Lakshmi” scheme are not eligible for application of this scheme.
  • Loan accounts must not be under NPA status.

The Objective of the 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 a higher education. This shall also benefit many young and bright students who are unable to pursue their higher education due to financial constraints that require them to take education loans in the future.

Important Document of Abhinandan Scheme Assam 2020

The 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
  • A Loan Account Statement

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How to Apply Abhinandan Scheme Assam 2020

Eligible and interested candidates are able to submit their online application at education loan subsidy portal by following the below provided simple steps.

  • Scroll down and check the Important Link Section.
  • Click on the online application link.
  • Enter all the requested information, Upload all the required documents and submit the online application.
  • After submission of the online application form, take a print out of the final application form for future use.

Important Link of Abhinandan Scheme Assam 2020

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

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

The Abhinandan Education Loan Subsidy Scheme is a program by the government of Assam to provide Rs. 50,000/-to all loanees who have availed education loans sanctioned till 31st March, 2019. Furthermore, 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 the Finance Department of the 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 the bank from which the loan has been availed.

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