Assam Abhinandan Education Loan Subsidy Scheme is a project that was undertaken by Government of Assam to assist students in their higher education by providing them with financial aid. The scheme was introduced by the Hon, Chief Minister of Assam on 26 th day in December 2019 but administered by the Finance Department, Government of Assam. It is expected to ease the burden of education loan expenses and motivate students to pursue their academic studies without the financial limitations.
Overview of the Assam Abhinandan Education Loan Subsidy Scheme
Under this scheme, the Assam Government offers subsidy up to ₹50,000 on education loans obtained by commercial banks and regional rural banks having operations in the state like HDFC Bank, federal bank, as well as Assam Gramin Vikash Bank. The scheme is meant to help students that have already borrowed an education loan of at least ₹1,00,000 to study in higher education.
The main aim of scheme is to enhance higher education among the young people in Assam, since the scheme subsidizes money once, and therefore, repayment is simple and manageable.
Key Benefits of the Scheme
- Education loan of 50,000 ( Rupees ) per student as subsidy.
- Relevant to loans granted by Scheduled Commercial Banks or Regional Rural Banks which are recognised by the Reserve Bank of India.
- Encourages students to pursue higher education without excessive financial stress.
- Direct benefit transfer (DBT) facilitates transparency and efficiency.
Eligibility Criteria
In order to obtain the Assam Abhinandan Education Loan Subsidy Scheme, the following requirements are to be fulfilled:
- The applicant must be a permanent resident of Assam.
- The student must have availed an education loan of at least ₹1,00,000 from a recognised bank within Assam.
- The loan should be taken from a Scheduled Commercial Bank or Regional Rural Bank approved by the Reserve Bank of India (RBI).
- The student must have a valid PAN Card and bank account.
Step-by-Step Application Process
The application process is completely online. Follow the steps below to apply for the Assam Abhinandan Education Loan Subsidy Scheme:
Step 1: Visit the Official Portal
Go to the official website of the Government of Assam Finance Department and navigate to the section titled “Click Here for Loan Subsidy.”
Step 2: Select the Scheme
Click on “Assam Abhinandan (Education Loan Subsidy Scheme)”. You will be redirected to the Application for Release of Subsidy page.
Step 3: Fill in the Application Form
Provide accurate details such as:
- Applicant’s Full Name
- Father’s Name
- Date of Birth
- Permanent Address
- Mobile Number
- PAN Card Number
- Bank Account Details
Step 4: Upload Required Documents
Attach the necessary supporting documents:
- Loan Sanction Letter or Loan Account Statement
- Address Proof
- PAN Card
- Aadhaar Card
- Educational Certificates
Step 5: Declaration & Submission
Tick the declaration box and click on “Save” to submit your application.
How to Check Application Status
- Visit the official website and scroll to the “Application Tracking” section (bottom right).
- Click “Track”.
- Enter your Mobile Number and either your Loan Account Number or Application Number.
- Click “Submit” to view your current application status.
Documents Required
Applicants must upload the following documents during the online application:
- Passport-sized photograph of the student
- Student’s Aadhaar Card
- Proof of Identity of the parents
- Bank loan documents (sanction letter or loan statement)
- Proof of address
- Residential/Domicile certificate
- Marksheet or passing certificate of the previous qualification
- PAN Card
- Bank account details
Frequently Asked Questions (FAQs)
𝟏. 𝐖𝐡𝐞𝐧 𝐰𝐚𝐬 𝐭𝐡𝐞 𝐀𝐬𝐬𝐚𝐦 𝐀𝐛𝐡𝐢𝐧𝐚𝐧𝐝𝐚𝐧 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐋𝐨𝐚𝐧 𝐒𝐮𝐛𝐬𝐢𝐝𝐲 𝐒𝐜𝐡𝐞𝐦𝐞 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝?
The Hon’ble Chief Minister of Assam launched it on 26 th December 2019.
𝟐. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐚𝐱𝐢𝐦𝐮𝐦 𝐬𝐮𝐛𝐬𝐢𝐝𝐲 𝐚𝐦𝐨𝐮𝐧𝐭 𝐨𝐟𝐟𝐞𝐫𝐞𝐝?
Students may get a subsidy of up to ₹50,000 one time on their education loan in case they meet the eligibility criteria.
𝟑. 𝐖𝐡𝐢𝐜𝐡 𝐛𝐚𝐧𝐤𝐬 𝐚𝐫𝐞 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐢𝐬 𝐬𝐜𝐡𝐞𝐦𝐞?
All the Scheduled Commercial Banks and Regional Rural Banks such as HDFC bank, the federal bank and Assam gramin Vikash bank.
𝟒. 𝐂𝐚𝐧 𝐬𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐨𝐭𝐡𝐞𝐫 𝐬𝐭𝐚𝐭𝐞𝐬 𝐚𝐩𝐩𝐥𝐲?
No. This scheme is restricted to permanent Assamese citizens.
𝟓. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐢𝐧𝐢𝐦𝐮𝐦 𝐥𝐨𝐚𝐧 𝐚𝐦𝐨𝐮𝐧𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐭𝐨 𝐚𝐩𝐩𝐥𝐲?
The minimum amount should be 100,000 rupees in the education loan.
𝟔. 𝐈𝐬 𝐭𝐡𝐞𝐫𝐞 𝐚𝐧 𝐨𝐟𝐟𝐥𝐢𝐧𝐞 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐩𝐭𝐢𝐨𝐧?
No. The procedure of application is fully online via the official portal.
Conclusion
The Assam Abhinandan Education Loan Subsidy Scheme is a major move taken by the Government of Assam to empower the students with education. The scheme offers a subsidy of up to 50,000 hence making sure that the smart students are not denied the opportunity, owing to the financial constraints. In case you are a student of Assam and already have an education loan, then this scheme may be of great help to you in terms of money.
For the latest updates and official application links, visit the Finance Department, Government of Assam website or follow verified announcements on GovtSchemes.Blog — your trusted source for Government Schemes and Welfare Programmes in India.