The Assam state government launched the Abhinandan Education Loan Subsidy Scheme 2.0. To provide financial support to the students of Assam state by giving loan subsidies, the Assam state government introduced the Abhinandan Education Loan Subsidy Scheme. Under this scheme, the Assam state government will provide subsidies to all the students who have outstanding loans. With the help of this scheme, students can pay back their loans without worrying about financial troubles. All the students to clear the eligibility criteria must visit the official website and fill out the application form online to avail of the benefits of the Abhinandan Education Loan Subsidy Scheme 2.0.
Motive of Abhinandan Education Loan Subsidy Scheme 2.0
The main motive for launching the Abhinandan Education Loan Subsidy Scheme 2.0 is to reduce the burden of the outstanding loan on students. According to the Assam state government, a total subsidy of INR 50,000 will be given to all the selected students under this scheme. With the help of this scheme, students can focus on their studies without worrying about their outstanding loans. The students must have taken their educational loan between April 1, 2020, and March 31, 2024, to be eligible under the Abhinandan Education Loan Subsidy Scheme. The subsidy amount will be transferred directly to the selected student’s bank account.
Short Summary of Abhinandan Education Loan Subsidy Scheme 2.0
| Name of the scheme | Abhinandan Education Loan Subsidy Scheme 2.0 |
| Introduced by | Assam state government |
| Objective | Provide subsidy |
| Beneficiaries | Assam state citizens |
| Official website | |
| Total subsidy amount | INR 50,000 |
| Minimum loan amount to get subsidy | INR 2 lakh |
Eligibility Criteria
- The applicant must be a permanent resident of Assam state.
- The student must be pursuing higher education in or outside Assam state.
- The minimum education loan amount sanctioned to avail the benefits under the scheme shall be INR 2 lakh.
- The students must have taken their educational loan between April 1, 2020, and March 31, 2024.
- The benefits of this scheme can be availed just once per beneficiary.
- Children of government officials in Assam state are not eligible under this scheme.
Loan Amount
- The minimum loan amount to get the subsidy under this Abhinandan Education Loan Subsidy Scheme 2.0 is INR 2 lakh.
Announcement Date
- The Abhinandan Education Loan Subsidy Scheme 2.0 was announced on 20th August 2024.
Benefits of Abhinandan Education Loan Subsidy Scheme 2.0
- The selected students under the scheme will receive a Subsidy amount to pay back their educational loan.
- The Subsidy amount of INR 50,000 will be transferred directly to the selected applicant’s bank account.
- With the help of this scheme, students can remove the burden of outstanding education loans.
- The students can pursue higher education without worrying about their outstanding loans.
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Electricity bill
- Address Proof
- PAN Card
Selection Process
- The students will be selected on the basis of their clearance of eligibility criteria.
- Only the students who are permanent residents of Assam state will be selected under the scheme.
- If the annual income of the student’s family exceeds INR 1 lakh they will not be selected under the scheme.
- The student must be pursuing higher education in or outside Assam state to be selected.
- The students must fill out the application form before the last date to confirm their selection under the scheme.
Abhinandan Education Loan Subsidy Scheme 2.0 Online Apply
STEP 1: All the applications to clear the eligibility criteria can visit the official website to apply for the Abhinandan Education Loan Subsidy Scheme 2.0 online.
STEP 2: Once the applicant reaches the home page of the official website the applicant must click on the option apply here.
STEP 3: A new page will appear on your desktop screen the applicant must enter all the details that are asked and attach all the necessary documents on the application form.
STEP 4: After entering all the details the applicant must quickly review it and click on the option submit to complete their process.
FAQs
Who launched the Abhinandan Education Loan Subsidy Scheme 2.0?
The Assam state government launched the Abhinandan Education Loan Subsidy Scheme 2.0.
How much subsidy will be given to the selected applicants under the Abhinandan Education Loan Subsidy Scheme 2.0?
A subsidy of INR 50,000 will be given to the selected applicants under the Abhinandan Education Loan Subsidy Scheme 2.0.
When will the Abhinandan Education Loan Subsidy Scheme 2.0 launch?
The Abhinandan Education Loan Subsidy Scheme 2.0 will launch on 5th September 2024 in Assam state.