Assam government is going to roll out a new plan called Abhinandan Education Loan Subsidy Scheme 2.0. This scheme is super helpful because it gives a subsidy of up to Rs 50,000 on loans taken for higher education. If you are a student looking to continue your studies, this is a great chance!
The Abhinandan Education Loan Subsidy Scheme 2.0 helps students who apply for loans between April 1, 2020, and March 31, 2024. That means you can get support if you need money to study further!
All students who are permanent residents of Assam and want to go for higher education, whether in Assam or outside, can apply. So, if you have plans to study more after school, this scheme can really help you.
Keep reading this article to find out all the details about the Abhinandan Education Loan Subsidy Scheme 2.0. You will learn how to apply and what benefits you can get from it!
Objective of Abhinandan Education Loan Subsidy Scheme 2.0
The Abhinandan Education Loan Subsidy Scheme 2.0 helps students by giving them subsidies on their education loans. This is great news for students who want to study further. If you are from Assam and have taken a loan for your higher education, this scheme can give you Rs 50,000 as subsidy.
To get this help, you need to have at least Rs 2 lakh as education debt. This means your loan amount should be at least Rs 2 lakh or more. The government wants to support students who are working hard to get their education.
So far, five thousand students from Assam who borrowed money for their studies have received this Rs 50,000 subsidy. This shows that the scheme is already helping many students. And guess what? More students will also get this support this year!
If you are a student planning for higher studies and you need a loan, don’t forget to check out the Abhinandan Education Loan Subsidy Scheme 2.0. It can really make a difference for your education journey!
Also Read: Assam Pragyan Bharati Scooty Scheme
Highlights of Abhinandan Education Loan Subsidy Scheme 2.0
| Name of the scheme | Abhinandan Education Loan Subsidy Scheme 2.o |
| Launched by | CM Of Assam State |
| Beneficiaries | Students who are doing Higher studies |
| Objective | Providing 50000 rupees to the students who take educational loans |
| Official Website | – |
Eligibility Criteria
- 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 is no income criteria present in this scheme
- The loan must be taken between April 1, 2020, and March 31, 2024.
Also Read: Assam Nijut Moina Scheme
Loan Amount
- To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh.
Announcement Date
- The Assam government announced the scheme on 20 august 2024 and is set to launch the 2nd edition of the Scheme on September 5.
Benefits of Abhinandan Education Loan Subsidy Scheme 2.0
- A subsidy of up to Rs 50,000 will be available for loans requested for to cover the cost of higher education under this scheme.
- For loans that are authorized between April 1, 2020, and March 31, 2024, the program offers loan subsidies to help students reach their goals of pursuing higher education.
- All permanent inhabitants of the state of Assam who wish to pursue higher education are eligible, whether they do so inside or outside the state.
Also Read: HS Scooty Percentage
Required Documents
- Student’s Aadhaar Card
- Parent Identification Documents
- Bank loan documents
- Residence certificate
Selection Process
- All students seeking higher education within or outside the state of Assam who are permanent residents are eligible. To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh.
- Each beneficiary may only receive the benefit once.
- Children of currently serving public officials, including MPs, MLAs, Panchayat officials, and permanent staff members in the government or government-owned enterprises, are ineligible.
Abhinandan Education Loan Subsidy Scheme 2.0 Online Apply
On September 5, the Assam government will introduce the Online Porta; for the second version known as Abhinandan Education Loan Subsidy Scheme 2.0. until then this will be the Application procedure for the application of Loan Subsidy:
Step 1: First of all, visit the official website of the Abhinandan Education loan subsidy scheme. The front page of the website will open.
Step 2: there you have to click on the Apply for Loan subsidy scheme.
Step 3: then you have to fill in all the details and upload all the necessary documents.
Step 4: click on the submit option and this way you can apply for the scheme.
FAQS
What is Abhinandan Education Loan Subsidy Scheme 2.0?
Under this initiative, loans applied on for the cost of higher education will be eligible for up to a Rs 50,000 subsidy.
When will it be officially launched?
On September 5, the Assam government is scheduled to introduce the second version known as Abhinandan Education Loan Subsidy Scheme 2.0.
Who is eligible for this scheme?
To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh.