Assam Abhinandan Education Loan Subsidy Scheme
Scholarship Amount
About This Scholarship
The Assam Abhinandan Education Loan Subsidy Scheme offers significant financial relief to students pursuing higher education. This initiative by the Government of Assam provides a one-time subsidy grant to eligible individuals. The primary objective is to lighten the financial burden of education loans and encourage more students to access higher education opportunities.
This scheme aims to make education loans more accessible and less daunting for students from Assam. By offering a direct subsidy, the government helps mitigate a portion of the loan repayment, thereby promoting educational aspirations and reducing financial stress on families.
The application deadline for this beneficial scheme is November 29, 2029.
Under this scheme, the Government of Assam will provide a subsidy of ₹50,000 to students on education loans up to ₹1,00,000. All eligible students can apply for this subsidy after repaying 25% of their total loan amount.
Important Note:
• Subsidies are exclusively available for loans secured from recognized commercial banks such as Federal Bank and HDFC, as well as regional rural banks like the Assam Rural Regional Bank.
• The scheme's core purpose is to encourage students to undertake education loans by offering substantial financial assistance, thereby making higher education more attainable.
Eligibility Criteria
To be eligible for the Assam Abhinandan Education Loan Subsidy Scheme, applicants must meet the following criteria:
• Applicants must be permanent residents of the state of Assam. This is a foundational requirement, ensuring the scheme benefits local students.
• The student’s parent(s) must have an existing education loan with a principal amount exceeding ₹1,00,000. This ensures the subsidy targets those with substantial educational financial commitments.
Important Notes:
• The benefits provided under this scheme are strictly limited to education loan subsidies. No other form of financial assistance is included.
• It is mandatory for the education loan to have been taken from a commercial or rural bank that is officially recognised by the Reserve Bank of India. Loans from unrecognised institutions will not qualify for this scheme.
Required Documents
Applicants for the Assam Abhinandan Education Loan Subsidy Scheme are required to submit the following essential documents:
• Student's Aadhaar Card: A copy of the student's Aadhaar card is required for identity verification and as proof of residency.
• Parent Identification Documents: Valid identification documents for the student's parent(s) are necessary. This may include Aadhaar card, PAN card, voter ID, or passport.
• Bank Loan Documents: Comprehensive documentation related to the education loan is crucial. This typically includes:
• The official sanction letter from the bank.
• Loan disbursement details.
• Statements indicating the outstanding loan amount and repayment history.
• Proof that the loan amount exceeds the specified threshold.
• Domicile Certificate: A valid domicile certificate confirming the applicant's permanent residency in the state of Assam is mandatory. This serves as proof of meeting the residency requirement for the scheme.
How to Apply
Eligible applicants can follow these detailed steps to successfully apply for the Assam Abhinandan Education Loan Subsidy Scheme:
1. Visit the Official Website: Navigate to the dedicated scholarship portal or the official website of the Assam government where the application is hosted. You may find an "Apply Now" or "Schemes" section.
2. Registration/Login:
• If you are a new user, click on the 'Register' button, typically found on the right-hand side of the dashboard. Fill in all the required details to complete your registration.
• If you have already registered, simply log in using your registered email ID and password.
3. Access Schemes Section: After logging in, locate and click on the 'Schemes' button to view the list of available programs.
4. Locate the Scheme: Scroll through the list of schemes to find the 'Abhinandan Education Loan Scheme'. Click on its title or corresponding link to proceed.
5. Select Finance Department: On the subsequent page, click on the 'Finance Department' button, usually located on the right side of your screen. This will lead you to the specific application interface for this scheme.
6. Initiate Application: Follow the on-screen instructions carefully to begin the application process. This may involve reading guidelines or confirming eligibility.
7. Complete the Application Form: Fill out the online application form with all necessary and accurate information. Ensure all mandatory fields are completed and required documents are uploaded digitally.
8. Review and Submit: Before final submission, thoroughly review all the information provided in your application form. Once you are certain everything is correct, click the 'Submit' button to finalize your application.
It is highly recommended to keep copies of all submitted documents and the application form for your records.