Abhinandan Education Loan Subsidy Scheme 2024

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Abhinandan Education Loan Subsidy Scheme 2024: Online Apply, Eligibility @ assamfinanceloans.in

Assam Abhinandan Education Loan Assistance Scheme:- The concerned government of Assam Government has launched Abhinandan Education Loan Assistance Scheme for the year 2024. The scheme will provide about 50,000 assistance in education loan for all higher education aspiring students.

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Today we will share eligibility criteria for Abhinandan Education Assistance Scheme launched by Government of Assam for you all. In this article, we will also share you step by step application process which will be very useful if you are a student of Assam and want to pursue higher education in your state.

Benefit Of Abhinandan Education Loan Subsidy

The main benefit that the government will offer to people who want to apply for this scheme is to get Rs 5,000 on every education loan taken by Assam students. Students can pay their education loan repayment through Rs 50000 visually provided by Government of Assam.

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The Rs 500,000 has already been allocated to 5,000 students from Assam who have availed education loans to finance their higher education. Earlier, in 2016, the government launched the scheme.

Objective Of Abhinandan Education Loan Subsidy Scheme

The main objective of launching the Abhinandan educational loan subsidy scheme is to help all the people who are not able to gain higher education because they do not have sufficient funds to apply to big colleges and schools.

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The Chief Minister of Assam state has already taken various measures so that they can provide free admission into educational institutions to all of these students who are very good in their results but are not able to gain an education.

This will help to increase the human capital in Assam state and this will also increase the number of people taking higher education more seriously.

Details Of Assam Abhinandan Education Loan Subsidy

NameAbhinandan Education Loan Subsidy Scheme
Launched byCM Of Assam State
BeneficiariesHigher understudies
ObjectiveProviding 50000 rupees to the students who take educational loans
Official Websitehttps://www.assamfinanceloans.in/subsidy/welcome

 

Not Eligible Beneficiary

If a portion of the loan has been paid past a certain time, you cannot apply for the scheme. All education loans are declared non-performing assets after a certain period of 90 days. The Bidya Lakshmi Scheme was launched by the Government of Assam in 2017.

If you are one of the beneficiaries under the scheme, you cannot apply for the Education Loan Assistance Scheme. Through the Bidyalakshmi scheme, government employees have been able to get education loans of Rs 5 lakh to Rs 10 lakh.

 

Eligibility Criteria

The applicant should be a permanent and legal resident of Assam The applicant should take an education loan from any Scheduled Commercial Bank or Regional Rural Bank in Assam It has to be accepted by the Reserve Bank of India.

There is no income criterion in this program The loan must be approved by March 31, 2019 The loan should be Rs.100000 or more The loan account does not fall below NPA level For all approved education loans as of April 1, 2019, after 25% of the approved loans have been disbursed. Beneficiaries who have already received benefits under the Bidyalakshmi scheme are not eligible to apply for this scheme.

How to Apply Online for Abhinandan Education Loan Subsidy

Abhinandan Education Loan Subsidy Scheme
  • Abhinandhan Education Loan Subsidy  will display on your screen
  • Click on the option called “Apply” Option.
  • The Assam Abhinandhan Scheme Online Application Form 2020 will display on your screen.
Assam Abhinandan Education Loan Subsidy Scheme
  • Fill in all the necessary details
    • Applicant Name
    • Father’s Name
    • Date Of Birth
    • Address
    • Mobile Number
    • Pan Card Details
    • Bank Details
  • Upload the documents
    • Loan Proof
    • Address Proof
    • Pan Card Proof
  • Click on the “Submit” button to complete the application process.
  • After that Assam Government will deposit a subsidy amount of Rs. 50,000 into your education loan account.

Note- if you want to get more information regarding the Assam Education Loan Scheme then stay with us in the future. we will update all the related details as soon as the government of Assam will release them.

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 FaQ

Q.Who is eligible for abhinandan scheme?

Ans.Applicants must be permanent residents of Assam state. Applicants must have taken an educational loan from a scheduled commercial bank or regional rural bank in Assam state recognised by the RBI. The loan must be sanctioned before 31 March 2019.24 Feb 2024

Q.What is the loan subsidy in Assam?

Ans.The govt. will provide a loan subsidy of up to ₹ 50,000 on education loans to students pursuing higher education. This scheme would cover all commercial banks like the Federal Bank and HDFC and also the regional rural banks like Assam Gramin Vikash Bank within Assam.

Q.What is the 50000 scholarship in Assam?

Ans.The Assam Abhinandan Education Loan Subsidy Scheme is a program that provides students with a one-time grant of INR 50,000 to help them pay off their existing education loans. This is an effort to reduce the financial burden on students who are pursuing higher education

 

Abhinandan Education Loan Subsidy Scheme 2024: Online Apply, Eligibility @ assamfinanceloans.in
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