Abhinandan Education Loan Scheme :

Abhinandan Education Loan subsidy scheme is program by government of Assam to provide Rs. 50,000/- to all loanees who have availed education loans sanctioned till 31st March, 2019. Further all education loans sanctioned during 2019-2020 shall also be eligible for this subsidy. This scheme will be available with all commercial banks and also the regional rural banks like Assam Gramin Vikash Bank (AGVB) within Assam.

Abhinandan Education Loan Scheme Details :

Name of Scheme: Abhinandan Education Loan Subsidy Scheme
Scheme Authority: Finance Department, Government of Assam.
Scheme Objectives: Provide a loan wavier to students of Assam who have availed Education loans.
Benefit of Scheme: One time subsidy of  Rs.50,000.00 shall be deposited in loan account.
Launching Date: 26th December 2019

Eligibility Criteria of Abhinandan Education Loan Scheme :

Applicants or Students need to fulfil below given eligibility criteria to get the benefit of this education loan wavier on their sectioned loans.
  • Applicant should be a permanent resident of Assam
  • Education loan from any Scheduled Commercial Bank or Regional Rural Bank within the state.
  • No income criteria.​
  • Education loans sanctioned before 31st March 2019, amounting Rs. 1 Lakh or more​
  • For all education loans sanctioned since 1st April 2019, after disbursement of 25% of the sanctioned loan amount.
  • Beneficiaries already benefited under “Bidya Lakshmi” scheme is not eligible for application of this scheme
  • Loan accounts must not be under NPA Status

How to Apply Abhinandan Education Loan Scheme :

Students need to submit an online application through a government online application portal of Finance Department, Assam. Step by step application method is below given, follow those simple steps & complete online application.
  • Scroll down, check Important Link‘s section.
  • Click on Online Application Link.
  • Enter your all details such as name, date of birth, etc.
  • Upload three asked documents Loan Proof, Address Proof & PAN Card Proof.
  • After filling application click Save button & complete your application.

List of Accepted Documents in Online Application Portal :

The application should upload document in JPG/ JPEG/ PNG/ PDF version only. The size of the each of document should be less than 2 MB.
Loan Proof (Any One): Loan Sanction Letter, Loan Account Passbook, Loan Statement
Address Proof (Any One): Driving License, Passport, Ration Card, Voter ID, Permanent Residence Certificate, Aadhaar Card
PAN Card Proof: PAN Card 

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