Abhinandan Education Loan Subsidy Scheme 2.0 has been reintroduced by the Assam government led by CM Himanta Biswa Sarma. This scheme aims to support students in pursuing higher education by offering a subsidy of up to ₹50,000 on education loans sanctioned between April 1, 2020, and March 31, 2024. The online portal for the scheme is set to launch on September 5, 2024, coinciding with Teachers' Day. Read this article till the end to know how to apply online for Abhinandan Education Loan Subsidy Scheme 2.0, what is the eligibility criteria, list of documents required and other aspects regarding the scheme.
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. Once the official website is functional, candidates can fill Abhinandan Education Loan Subsidy Scheme 2.0 online registration / application form.
Abhinandan Education Loan Subsidy Scheme 2.0 Apply Online
Online portal to apply online for Abhinandan Education Loan Subsidy Scheme 2.0 would be launched on 5th September 2024. 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.
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. Once the official website is functional, candidates can fill Abhinandan Education Loan Subsidy Scheme 2.0 online registration / application form.
Benefits of Assam Abhinandan Scheme
- 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.
Abhinandan Education Loan Subsidy Scheme 2.0 Eligibility Criteria
- 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.
List of Documents Required for Abhinandan Scheme
- Student’s Aadhaar Card
- Parent Identification Documents
- Bank loan documents
- Residence certificate
For more details, visit the link - https://assam.gov.in/assam-abhinandan-education-loan-subsidy-scheme
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Assam