Assam Abhinandan Education Loan Subsidy Scheme

AAELSS

Assam Abhinandan Education Loan Subsidy Scheme
About the Program

The Assam Abhinandan Education Loan Subsidy Scheme provides a one-time financial grant of ₹50,000 to students pursuing higher education who have availed themselves of education loans. This initiative is designed to ease the financial burden on students and their families. To be eligible for the subsidy, applicants must have repaid at least 25% of the total sanctioned loan amount.

Amount: ₹10,000 – ₹1,00,000

Deadline: 2029-11-25

Award:

Eligibility: Applicants must be permanent residents of Assam, and their parents must have an education loan exceeding Rs 1 lakh.

Organization: External

Benefits

  • The Government of Assam offers a ₹50,000 subsidy on education loans up to ₹1 lakh, available to all eligible students who have repaid at least 25% of their loan amount.

  • Kindly Note:-

  • The subsidy applies only to loans from commercial banks (e.g., Federal Bank, HDFC) and regional rural banks, such as Assam Rural Regional Bank.

  • The scheme aims to encourage students to pursue higher education through loan support.

Eligibility Description

The applicant must be a permanent resident of Assam.

  • The student's parent(s) or guardian must have taken an education loan of more than ₹1,00,000.

Kindly Note:

  • The loan must be obtained from a commercial or rural bank recognized by the Reserve Bank of India (RBI).

  • This benefit is available only for education loans; it does not cover any other types of loans under this scheme.

Documents

  • Student’s Aadhaar Card
  • Parent Identification Documents
  • Bank loan documents
  • Residence certificate
How to Apply
  • Step 1: Click on the ‘Apply Now’ button below.
  • Step 2: On the page, click the ‘Register’ button on the right and fill in your details to create an account.
  • (If you already have an account, just log in with your email.)
  • Step 3: Click on the ‘Schemes’ section.
  • Step 4: Scroll down and click on the ‘Abhinandan Education Loan Scheme’.
  • Step 5: Click the ‘Finance Department’ button on the right side.
  • Step 6: Follow the instructions on the screen to start your application.
  • Step 7: Fill out the form with your details and upload the required documents.
  • Step 8: Finally, click the ‘Submit’ button to send your application.
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