The Abhinandan Education Loan Subsidy Scheme is a key initiative by the Government of Assam aimed at easing the financial burden on students pursuing higher education through education loans. Under this scheme, the state government offers a one-time subsidy of ₹50,000 on education loans for eligible students. The scheme is open to all permanent residents of Assam who have taken loans from recognized commercial or rural banks such as HDFC, Federal Bank, or Assam Gramin Bank.
The Abhinandan Scheme is a step forward in supporting aspiring students by helping them repay their education loans and continue their studies without financial stress.
Benefits of Abhinandan Education Loan Subsidy
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A one-time subsidy of ₹50,000 on approved education loans.
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The scheme applies to loans exceeding ₹1 lakh.
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Only 25% of the loan amount needs to be paid by the applicant to be eligible for the subsidy.
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Loans must be from RBI-recognized commercial or regional rural banks like HDFC, Federal Bank, or Assam Rural Regional Bank.
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Encourages students to pursue higher education by reducing their loan repayment burden.
Eligibility Criteria
To apply for the Abhinandan Scheme, the applicant must meet the following conditions:
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Must be a permanent resident of Assam.
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Should have taken an education loan from an RBI-recognized bank (commercial or rural).
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The loan amount must be more than ₹1,00,000.
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The education loan should be taken from banks participating in this scheme (e.g., HDFC, Federal Bank).
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The benefit is available only once per student as a loan subsidy.
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The student or their parents must not be government employees.
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Applicant should not have benefited from any other education loan subsidy scheme, such as the Bidya Lakshmi Scheme.
Exclusions
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Government employees are not eligible to apply.
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Students already availing benefits under any other education loan schemes, including the Bidya Lakshmi Scheme, are not eligible.
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Loans from non-recognized financial institutions will not be considered.
Application Process
Follow these simple steps to apply for the Abhinandan Education Loan Subsidy Scheme online:
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Visit the Official Assam Government Portal i.e. https://www.assamfinanceloans.in
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Look for the “Abhinandan Education Loan Subsidy Scheme” and click on the Apply button.
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Fill in the online application form with accurate personal, bank, and loan details.
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Upload all required documents.
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Apply for review.
Documents Required
Ensure you have the following documents ready while applying:
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Student’s Aadhaar Card
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Parent’s identification proof (Aadhaar, Voter ID, etc.)
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Loan documents issued by the bank
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Permanent Residence Certificate of Assam
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Education proof (optional if requested)
Frequently Asked Questions (FAQs)
Q: What is the maximum subsidy amount under the scheme?
A: A one-time subsidy of ₹50,000 is provided by the Government of Assam.
Q: How much of the loan must be paid by the applicant before applying?
A: Applicants need to have paid at least 25% of their education loan amount.
Q: Is the scheme available only for residents of Assam?
A: Yes, only permanent residents of Assam are eligible.
Q: What is the minimum loan amount required to apply?
A: The education loan must exceed ₹1 lakh.
Q: Can I apply if I have already benefited from the Bidya Lakshmi Scheme?
A: No, students who have availed of the Bidya Lakshmi Scheme are not eligible for this scheme.
