Abhinandan Education Loan: The government is offering up to 50,000 subsidy to students who are pursuing education from any recognised Institute with the educational loan in Assam state. It is very beneficial program for students to continue the education without financial burden as the government will pay subsidy to students which will easier the burden to repay the loan amount. So if you are also availing any educational loan to continue your education in the state then can apply for the Abhinandan education loan subsidy scheme 2025.
Check the detailed information of the program in this article including the eligibility criteria, application procedure, financial assistance from the government and other conditions while applying for Assam Abhinandan loan Yojana.
Assam Abhinandan Education Loan Yojana
Abhinandan education loan scheme is one of the beneficial program of Finance Department of state to all the students living in the state. The program is helping many students who are currently studying through the loan amount from banks in the country. Government will allow students to get Rs 50000 maximum subsidy to return the loan amount.
However it is only applicable for those students who have applied for loan of Rs 1 lakh or more amount. Parents as well as students who are paying the monthly EMI of education loan can get benefits of the program. The program was firstly started by the finance minister in the state in 2019 and is scheduled to continue till 2029.
Eligibility for Assam Abhinandan Education Loan Subsidy
Students are required to follow the following eligibility criteria to get the benefits of Assam education loan subsidy program which is also known as Abhinandan education loan subsidy program:
- Only citizens of India who are permanent residents of Assam state or eligible to apply for Abhinandan education loan subsidy program in 2025.
- Students who are pursuing higher education from any recognised University are eligible to apply for education loan.
- It is important to get the education loan from any private bank or a rural bank in the country which is registered with RBI such as Federal Bank, HDFC Bank etc to get the benefit of this Subsidy program
- State government is not running the loan program so you will not get the application form for Abhinandan loan program. so candidates who have applied for different education loan programs in these banks are eligible to get subsidy under the problem without any problem.
- The minimum loan amount should be at least 1 lakh to get the benefits of the program
- Government will release the Subsidy amount which is maximum 50000 after paying the 25% amount of the loan to the bank. For example if you are applying for subsidy of 100000 loan amount then you will only get the subsidy once you pay the 25000 for more to the bank accordingly.
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Who cannot apply for Abhinandan Education Loan
- Government servants whose students are studying in higher education with education loans are not able to apply for the Subsidy amount of Abhinandan education loan program.
- Student is not required to apply for multiple Subsidy amount full different education loan scheme, so once the student complete subsidy in the program then they will not allow to apply again.
- If you are getting benefits of Vidya Lakshmi Scheme then will not get subsidy in the program
Important documents for Abhinandan Education Loan
Candidates are required to prepare the following documents which will be asked in the online as well as offline application form:
- Aadhar card of the student
- Photo ID card of the parents
- State domicile certificate in Assam
- The document of the loan should be attached to get the benefit of the subsidy from the government.
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Application procedure for Abhinandan Education Loan
Candidates are required to apply through online or offline mode where they need to follow the following step by step procedures:
- First of all you have to visit on the official website of Finance Department of Assam state and search for the Abhinandan education loan subsidy program
- Now you will reach on the new page where you have to click on the Finance Department link to apply for the program
- It will ask you your person details for registration and after that you need to provide your loan details for verification
- At the end you need to submit the application form along with all the documents through online mode on the portal
Once the government verify your details, you will get subsidy on your own account soon and bank will inform you about this subsidy accordingly.
