Abhinandan Education Loan Subsidy Scheme
About Abhinandan Education Loan Subsidy Scheme
The objective of this scheme is to provide a loan subsidy of up to Rs 50,000 on education loans to students pursuing higher education from good institutions. The Abhinandan Education Loan Subsidy Scheme has been started with the Housing Scheme. Under this scheme, the Government of Assam will provide a one-time subsidy on loans to all students pursuing higher education on education loans. Under the Abhinandan Scheme all major banks, all commercial banks such as Federal Bank and HDFC are included.
In this scheme, the state government will provide subsidy to the family of those students who has taken an education loan of more than Rs 1 lakh. Students getting an education on an education loan can subscribe to this scheme online or offline
Who is Eligible
Eligibility Criteria
- It is mandatory for the student to be a permanent resident of the state of Assam.
- The student must have taken a loan from a commercial or rural bank, otherwise, he cannot avail of the benefit of the scheme.
- The bank has been recognized by the Reserve Bank of India.
- The benefit of this scheme can be availed only as a subsidy on education loans.
- It is mandatory for the student’s parents to have an education loan of more than Rs 1 lakh.
Frequently Asked Questions
- What is the maximum subsidy one can avail?
A subsidy of Rs 50,000 will be provided to students by the Government of Assam on education loans up to Rs 1 lakh
- What is the percentage one has to pay for applying for scheme?
25% of the loan
- Is it only for the resident of the state?
The applicant must be a permanent and legal resident of Assam state
- What is the amount of loan should be
The loan must be of rupees 100000 or more.
- Bidya Lakshmi Scheme are eligible
Beneficiaries who already benefited under Bidya Lakshmi Scheme are not eligible for application in this scheme.
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