Assam Abhinandan Education Loan Subsidy Scheme

The Assam Abhinandan Education Loan Subsidy Scheme gives a one-time grant of Rs 50,000 to Assam students in higher education whose parents took an education loan of more than Rs 1 lakh. No income limit is mentioned, and the last date is 25 November 2029.

The Government of Assam runs this scheme to ease the financial burden on students and families who have taken an education loan. You can apply once you have repaid at least 25% of the total sanctioned loan amount.

Quick Facts

Detail	Information
Scheme name	Assam Abhinandan Education Loan Subsidy Scheme
Offered by	Government of Assam
Subsidy amount	Rs 50,000 (one-time)
Who can apply	Permanent residents of Assam in higher education
Loan condition	Parent or guardian education loan of more than Rs 1 lakh
Repayment condition	At least 25% of the sanctioned loan repaid
Eligible lenders	Commercial banks and rural banks recognised by the RBI
Mode of application	Online
Last date	25 November 2029

Key Highlights

• One-time subsidy of Rs 50,000 for eligible students
• Only for education loans, not other loan types
• Works with commercial banks and regional rural banks
• Online application with document upload

Program Objectives

• Ease the financial burden of education loans on students and families
• Encourage students to go for higher education with loan support

About the Sponsor

The scheme is offered by the Government of Assam. Applications are handled through the Finance Department section of the state scheme portal.

Academic Criteria

• The student must be pursuing higher education
• The student must have availed an education loan

Financial and Social Criteria

• The student's parent(s) or guardian must have taken an education loan of more than Rs 1 lakh
• At least 25% of the total sanctioned loan amount must be repaid
• No income limit is mentioned for this scheme

Geographic Criteria

• The applicant must be a permanent resident of Assam

Restrictions

• The loan must be from a commercial bank or rural bank recognised by the Reserve Bank of India (RBI)
• Only education loans are covered. Other types of loans are not covered under this scheme

Renewal Criteria

• This is a one-time grant, so there is no renewal

What You Get

• A one-time subsidy of Rs 50,000 from the Government of Assam
• Available to all eligible students who have repaid at least 25% of their loan amount

Good to Know

• The subsidy applies only to loans from commercial banks (for example Federal Bank and HDFC) and regional rural banks, such as Assam Rural Regional Bank
• The scheme aims to encourage students to pursue higher education through loan support

Documents Required

• Student's Aadhaar Card
• Parent identification documents
• Bank loan documents
• Residence certificate

Steps to Apply

1. Click the Apply Now button on this page.
2. On the portal, click Register on the right and fill in your details to create an account. If you already have an account, log in with your email.
3. Open the Schemes section.
4. Scroll down and click Abhinandan Education Loan Scheme.
5. Click the Finance Department button on the right side.
6. Follow the instructions on the screen to start your application.
7. Fill in the form and upload the required documents.
8. Click Submit to send your application.

Selection Process

The subsidy is for students who meet the conditions above: Assam residence, a qualifying education loan, and repayment of at least 25%. Applications are submitted online with the required documents.

Frequently Asked Questions

What is the Assam Abhinandan Education Loan Subsidy Scheme?

It is a Government of Assam scheme that gives a one-time Rs 50,000 grant to students in higher education who have an education loan. It aims to ease the financial burden on students and their families.

How much subsidy will I get?

You will get a one-time subsidy of Rs 50,000 if you meet all the conditions.

Who can apply?

Permanent residents of Assam whose parent(s) or guardian have taken an education loan of more than Rs 1 lakh can apply.

Do I have to repay part of the loan first?

Yes. You must have repaid at least 25% of the total sanctioned loan amount.

Which banks are covered?

Education loans from commercial banks and regional rural banks recognised by the RBI are covered. Examples are Federal Bank, HDFC and Assam Rural Regional Bank.

Does this scheme cover other types of loans?

No. It covers education loans only.

Which documents do I need?

You need the student's Aadhaar Card, parent identification documents, bank loan documents and a residence certificate.

How do I apply?

Click Apply Now, register on the portal, open Schemes, choose Abhinandan Education Loan Scheme, click Finance Department, fill in the form, upload documents and submit.

What is the last date to apply?

The last date shown is 25 November 2029.

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