Assam Abhinandan Education Loan Subsidy Scheme:
The Assam Government has started a new Scheme called the Abhinandan Educational Loan Subsidy Scheme for 2024. This program offers help to students who want to continue their education by providing subsidies on their loans. We’ll explain who can qualify for this scheme and how you can apply for it. If you’re a student in Assam and planning to pursue higher studies, this information will be useful for you.
Abhinandan Education Loan Subsidy Scheme 2024:
The Abhinandan educational loan subsidy Scheme was created to help students in Assam who dream of higher education but struggle due to money problems. Under this scheme, students can get Rs. 50,000 to support their educational loans. It started on September 4, 2020. The Chief Minister of Assam had already given Rs. 50,000 to 1500 students before. So far, 5000 students have received Rs. 50,000 each. This scheme is great news for students who need financial help for their studies
Details Of Assam Abhinandan Education Loan Subsidy
| Name | Abhinandan Education Loan Subsidy Scheme |
| Launched by | CM Of Assam State |
| Beneficiaries | Higher understudies |
| Objective | Providing 50000 rupees to the students who take educational loans |
| Official Website | https://www.assamfinanceloans.in/subsidy/welcome |
Objective Of Abhinandan Education Loan Subsidy Scheme:
The goal of starting the Abhinandan educational loan subsidy scheme is to aid people who can’t afford higher education. The Chief Minister of Assam is working to offer free admission to talented students who lack funds for big colleges. This move will boost education in Assam, encouraging more people to pursue higher studies seriously.
Benefit Of Abhinandan Education Loan Subsidy:
The government is offering a big help to students in Assam who have taken educational loans. They will get 50,000 rupees from the government to pay off their loans. This money is given to 5,000 students in Assam who are studying at higher levels. The government started this scheme in 2016.
Eligibility Criteria:
To join this program, you need to meet these requirements:
- You must be a legal citizen of Assam.
- You should have borrowed money for education from a bank in Assam that is recognized by the Reserve Bank of India.
- There’s no specific income requirement for this program.
- Your loan should have been approved before March 31, 2019.
- The loan amount should be ₹100,000 or more.
- Your loan account should not be in the status of “Non-Performing Asset” (NPA).
- For loans approved after April 1, 2019, you’ll be eligible only after 25% of the loan amount has been disbursed.
- If you’ve already benefited from the Bidya Lakshmi Scheme, you can’t apply for this one.
Not Eligible Beneficiary:
Some people won’t get the benefits of the Abhinandan educational loan subsidy scheme for these reasons:
- If you’re late in paying back your loan installments for a while, you can’t join the scheme.
- After not paying for 90 days, all educational loans are considered as not being paid back properly.
- If you’re already benefiting from the Bidya Lakshmi scheme started by the Assam government in 2017, you can’t apply for the Educational Loan Subsidy Scheme.
- Government workers got loans from 5 to 10 lakh through the Bidya Lakshmi scheme.
How to Apply Online for Abhinandan Education Loan Subsidy:
To get help with paying for school through the Abhinandan educational loan subsidy scheme, just follow these easy steps:
- Click the link we provide to go to the official website of the scheme.
- You’ll see the Abhinandhan Education Loan Subsidy pop up.
- Tap on the “Apply” button.
- Then, you’ll get the Assam Abhinandhan Scheme Online Application Form 2020 on your screen.
- Please complete all the important sections:
- Applicant Name
- Father’s Name
- Date Of Birth
- Address
- Mobile Number
- Pan Card Details
- Bank Details
- Upload these papers:
- Proof you need a loan
- Proof of where you live
- Proof of your PAN Card
- Tap on “Submit” to finish.
- Then, the Assam Government will put Rs. 50,000 in your loan account for education.
Note- if you want to get more information regarding the Assam Education Loan Scheme then stay with us in the future. we will update all the related details as soon as the government of Assam will release them.
Conclusion:
Friends, we’ve provided important information regarding the Abhinandan Education Loan Subsidy . If you’re still facing any kind of issue, you can inform us through comments. Every comment from you is valuable to us. We’ll continuously strive to solve your problem. Thank you for visiting our website https://gov.dailyupdateshq.com/ and stay tuned for the latest updates.