Abhinandan Education Loan Subsidy Scheme: Apply Online and Find Out If You're Eligible

Eligibility Criteria

To apply for the scheme you will have to follow the eligibility criteria given below:-

• The applicant must be a permanent and legal resident of Assam state
• The applicant must have taken the educational loan from any Scheduled Commercial Bank or Regional Rural Bank in the state of Assam
• The bank must be recognized by the Reserve Bank of India.
• There are no income criteria present in this scheme
• The loan must sanction before the date of 31st March 2019
• The loan must be of rupees 100000 or more
• A Loan account must not be the under the NPA status
• For all education loans sanctioned since 1 April 2019, after disbursement of 25% of the sanctioned loan amount.
• Beneficiaries who already benefited under Bidya Lakshmi Scheme are not eligible for application in this scheme.

Not Eligible Beneficiary

There are few people who will not be able to enjoy the benefits of the Abhinandan educational loan subsidy scheme as mentioned below:-

• If the repayment of the installments of the loans is past due for a specific time period then you will not be able to apply for the scheme.
• All the educational loans are declared as Non Performing Assets after the specific duration of 90 days.
• Bidya Lakshmi scheme was launched by the Assam government in 2017. If you are one of the beneficiaries under the scheme then you will not be able to apply for the Educational Loan Subsidy Scheme.
• Through the Bidya Lakshmi scheme, Government employees were able to avail the educational loans of 5 to 10 lakh.

Abhinandan Education Loan Subsidy Apply Online

To apply for the Abhinandan educational loan subsidy scheme will have to follow the simple procedure given below:-

• Click on the link given here to go to the official website of the scheme.
• Abhinandhan Education Loan Subsidy will display on your screen
• Click on the option called“Apply” Option.
• The Assam Abhinandhan Scheme Online Application Form 2020 will display on your screen.
• Fill in all the necessary details
• Applicant Name
• Father’s Name
• Date Of Birth
• AddressMobile NumberPan
• Card Details
• Bank Details
• Upload the documents
• Loan Proof
• Address Proof
• Pan Card Proof
• Click on the “Submit” button to complete the application process.
• After that Assam Government will deposit a subsidy amount of Rs. 50,000 into your education loan account.

Assam government has announced Abhinandan Education Loan Subsidy (AELS) scheme to help the permanent natives of the state and it works to provide Rs. 50,000 to students who have availed of education loans till 31/03/2019. The education loans of 2021-22 will also be eligible for the subsidy. ASEL 2022 aims to extend relief to the permanent residents of the state of Assam in taking education loans if they have already applied and also if they wish to apply. Abhinandan Scheme 2022comes as a great step towards the development of children because now the children of the state can work towards achieving their goals by completing higher education. This will solve the financial issues of many children and families in Assam and clear the way toward a better future.

The government of Assam intends to help the students pursue higher education in the state without having to think of finance. Assam government will provide a subsidy of Rs. 50,000 on education loans. Students, you can check other details like eligibility criteria, benefits, registration process, and how to avail of the subsidy.

We keep updating our portal time-to-time, so you can bookmark our page and get notified whenever we update the posts. As per the records, 5,547 applicants have received approval from banks in Assam. The Chief Minister of Assam, Sarbananda Sonowal launched the Abhinandan Scheme 2022 at Srimanta Sankardev Kalakshetra in Guwahati on 26th December 2019.

In the past years, the government of Assam has taken many initiatives to improve of higher education in the state. Scholarships, distribution of free textbooks, free admission to institutions, etc. are some of these initiatives. Now, the government is set to implement the Abhinandan Scheme Registration Form 2022 in a proper manner. Interested students have to create an account and then, the subsidy will be deposited directly into their educational loan account. This scheme comes under the Finance Department of Assam. Read the post below to know more about the Assam Education Loan Subsidy scheme or Abhinandan Scheme.

Abhinandan scheme is very beneficial for the students of Assam, but not everyone can apply to avail of the benefits. There are certain prerequisites that the students and their families need to have. We are mentioning the eligibility criteria for Abhinandan Scheme 2022 below. You can read it and know if you are eligible for the subsidy.

Before applying for any scheme or subsidy, it is important for the applicants to know about the benefits. The Assam Education Loan Subsidy (ASEL) scheme provides many benefits and we are mentioning them below. You can clear your doubts after reading them.

Abhinandan Educational Loan Subsidy Scheme was launched to take care of the students of Assam who want to pursue higher education but are not able to get anything due to their financial condition. 50000 rupees will be provided to all those people who want to get an educational loan from banks for their higher education. This scheme was launched on 4th September 2020. Earlier also Rs 50000 was distributed among 1500 students by the Chief Minister of Assam State. Under this scheme, 5000 students have already got Rs 50000. This will be a very beneficial scheme for the students.

The main objective of starting the Abhinandan Educational Loan Subsidy Scheme is to help all those people who are not able to get higher education because they do not have enough money to apply to big colleges and schools. The Chief Minister of Assam state has already taken many measures so that he can provide free admission to educational institutions to all these students who are very good in their results but are not able to get an education. This will help in increasing the human capital in the state of Assam and will increase the willingness of the people to make higher education more serious

The concerned authority of the Government of Assam has launched the Abhinandan Educational Loan Subsidy Scheme for the year 2020. In this scheme, around 50,000 subsidies will be provided on educational loans to all the students who want to pursue higher studies. Today we will share with you all the eligibility criteria for the Abhinandan Educational Loan Subsidy Scheme which is launched by the Government of Assam. In this article, we will also share with you all the step-by-step application procedures which will be very beneficial if you are a student of Assam and want to pursue higher studies in your state.

Students Assam Government has launched the Abhinandan Scheme. Chief Minister Sarbananda Sandoval has officially launched the loan subsidy scheme in the presence of Finance Minister Himanta Biswa Sarma. 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.

Chief Minister Sarbananda Sonowal launched the Assam Abhinandan Education Loan Subsidy Scheme at the Srimanta Sankardev International Auditorium on 26 December 2019 in the presence of Finance Minister Himanta Biswa Sarma, Education Minister Siddharth Bhattacharya, several senior officials of the State Finance Department, and bank officials. In this scheme, the state government will provide subsidies 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. Here in this article, you will be given detailed information about the application process and eligibility criteria.

Assam Abhinandan Education Loan Subsidy Scheme aims to help all those who are not able to pursue higher education due to being financially weak. The Chief Minister of Assam State has already taken several measures so that they can provide free admission to all these students in educational institutions who are very good in studies but are not able to acquire education. This will help in increasing human capital in the state of Assam and more and more people will take higher education seriously.

 Assam Government has launched Abhinandan Education Loan Subsidy Scheme 2022 for students. Under this scheme, govt. will encourage students to pursue higher studies by providing Rs. 50,000 subsidy on education loans. Students can check eligibility criteria and apply online for Abhinandan Scheme at the Assam gov website to get their names enrolled in the list of beneficiaries. The Assam Abhinandhan Education Loan Subsidy Scheme online application form is available at Assamfinanceloans. in.

Under the Abhinandan Education Loan Subsidy Scheme of last year, students who have taken education loans from banks at any point in time will get a subsidy of Rs. 50,000. Assam Himanta Biswa Sarma announced this move earlier on 4th September 2020. The government will restart disbursing the amount under the education loan subsidy scheme soon.

Assam CM on 26 December 2019 started Abhinandan Yojana during a program held at Srimanta Sankardev Kalakshetra in Guwahati. The state govt. of Assam has taken various initiatives to maximize academic opportunities for students. This includes scholarships, free admission into educational institutions, distribution of free textbooks, etc. Now the new progressive education loan subsidy scheme will be implemented in a phase-wise manner.

The Abhinandan education loan subsidy scheme of the Assam govt. will immensely help students who have availed of students loan. This scheme would cover all commercial banks like the Federal Bank and HDFC and also the regional rural banks like Assam Gramin Vikash Bank within Assam. This scheme would extend cooperation to students in pursuing higher education and to fulfill their dreams. CM urges students to take a resolution to work towards putting Assam on the list of front-ranking states of India with their hard work, knowledge, and service to society. Here is the complete process to apply online for this scheme:-