About this education scheme
Chief Minister Sarbananda Sonowal launched the Assam Abhinandan Education Loan Subsidy Scheme at the Srimanta Sankardev International Auditorium on 26 December 2019 in the presence of Finance Minister Himanta Biswa Sarma, , several senior officials of the State Finance Department, and bank officials
The objective of this scheme is to provide a loan subsidy of up to Rs. 50,000 on education loans to students pursuing higher education from good institutions. The Abhinandan Education Loan Subsidy Scheme has been started with the Housing Scheme. Under this scheme, the Government of Assam will provide a one-time subsidy on loans to all students pursuing higher education on education loans. Under the Abhinandan Scheme all major banks, all commercial banks such as Federal Bank and HDFC are included.
In this scheme, the state government will provide subsidy to the family of those students who has taken an education loan of more than Rs. 1 lakh. Students getting an education on an education loan can subscribe to this scheme online or offline
Benefits at a glance
| Scheme name | Abhinandan Education Loan Subsidy Scheme (AELSS) |
|---|---|
| Launched by | Finance Department |
| Launch year | 2019 |
| Benefit type | Cash (money paid to your bank account) |
| Category | Education |
| Level / State | State · Assam |
| Official portal | assamfinanceloans.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| Age | 18 to 55 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 55 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Benefits
- 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.
Who qualifies
- It is mandatory for the student to be a permanent resident of the state of Assam.
- The student must have taken a loan from a commercial or rural bank, otherwise, he cannot avail of the benefit of the scheme.
- The bank has been recognized by the Reserve Bank of India.
- The benefit of this scheme can be availed only as a subsidy on education loans.
- It is mandatory for the student’s parents to have an education loan of more than Rs. 1 lakh.
Who is not eligible
Exclusions
- Government employees are not allowed to apply to the scheme.
- The student obtaining benefits under this scheme shall not be allowed to avail of benefits under any other scheme for this purpose.
- Beneficiaries who already benefited under Bidya Lakshmi Scheme are not eligible for application in this scheme.
Papers to keep ready
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List of the required document
Registration walkthrough
Online
Application process
- Visit the official website.
- With the respect to the "Abhinandhan Education Loan Subsidy", click on apply option.
- The Assam Abhinandhan Scheme Online Application Form will appear.
- Now provide the required details.
- Upload the required documents and submit
Important dates
| Launch / start | 26 Dec 2019 |
|---|
Frequently asked questions
What is the maximum subsidy one can avail?
A subsidy of Rs. 50,000 will be provided to students by the Government of Assam on education loans up to Rs. 1 lakh
What is the percentage one has to pay for applying for scheme?
25% of the loan
Is it only for the resident of the state?
The applicant must be a permanent and legal resident of Assam state
What is the amount of loan should be
The loan must be of rupees 100000 or more.
Bidya Lakshmi Scheme are eligible
Beneficiaries who already benefited under Bidya Lakshmi Scheme are not eligible for application in this scheme.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines assam.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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