AI SummaryAssam government's Apun Bahan scheme offers an interest subsidy on vehicle loans for state government employees, helping them buy a personal two or four wheeler at a low cost. The scheme has been extended till March 31, 2031 under the revised guidelines notified by the Finance Department, so eligible employees can keep applying for the benefit.
Under the scheme, the government pays part of the interest on a vehicle loan taken from a Scheduled Commercial Bank, a Regional Rural Bank or the Assam Cooperative Apex Bank. The subsidy is given only during the loan tenure and is subject to timely repayment, as certified by the lending bank.
Purpose of the Apun Bahan Scheme Assam
The main aim of the Apun Bahan Scheme Assam is to help government employees own a personal vehicle without facing money problems. The interest subsidy lowers the cost of the loan, and the subsidy amount is credited straight to the salary account of the applicant. The maximum loan amount is capped at either 48 times the net monthly income or ₹15 lakh, whichever is lower.
Key Highlights of Apun Bahan Scheme Assam
| Name of the scheme | Apun Bahan Scheme Assam |
|---|---|
| Launched by | Government of Assam |
| Objective | Interest subsidy on vehicle loans for government employees |
| Beneficiaries | Regular government employees of Assam |
| Interest subsidy | 2% to 4% based on vehicle type and applicant |
| Maximum loan | ₹15 lakh or 48 times net monthly income |
| Official website | assam.gov.in |
Eligibility Requirements
Only regular and permanent employees of the Assam government can apply for this scheme. The benefit also covers eligible employees of the National Health Mission (NHM), Samagra Shiksha Assam, Assam Power Generation Corporation Ltd (APGCL), Assam Power Distribution Company Ltd (APDCL) and Assam Electricity Grid Corporation Ltd (AEGCL).
- Applicant must be a regular government employee in Assam.
- Age should be between 21 to 53 years.
- Minimum service duration with the Assam government must be 7 years.
- Annual family income should not exceed ₹3 lakh.
Interest Subsidy Under the Scheme
The interest subsidy depends on the type of vehicle and the applicant. The revised guidelines give a higher subsidy to women, Divyangjan and buyers of electric vehicles.
- Male employees get a 2% subsidy on petrol or diesel vehicles.
- Women employees and Divyangjan get a 3% subsidy.
- All eligible employees get a 4% subsidy on battery electric vehicles (EVs).
Advantages of the Apun Bahan Scheme Assam
The scheme makes vehicle ownership easier for government staff by cutting the interest they pay on a loan. The subsidy is paid directly into the salary account, and the loan can be repaid over a period that suits the employee.
- Low-interest loans help employees buy a vehicle without a heavy financial load.
- Subsidy amounts are credited directly to the salary account of the applicant.
- Loan repayment can be planned over a minimum of 3 years up to a maximum of 7 years.
Required Documentation
Applicants need to keep the following documents ready before they apply. These are checked by the bank and the Drawing and Disbursing Officer (DDO).
- Aadhar Card
- An active Email ID
- Personal Mobile Number
- Electricity Bill
- Proof of Address
- PAN Card
- Passport-sized Photograph
Loan Amount and Repayment Period
The maximum loan amount under the scheme is either ₹15 lakh or 48 times the net monthly income, whichever is lower. The loan can be repaid over a period of 3 to 7 years, and the interest subsidy stays active only during this tenure.
Application Process for the Apun Bahan Scheme Assam
STEP 1 - Government employees seeking to apply must submit their application through their Drawing and Disbursing Officers (DDOs).
STEP 2 - Applicants need to gather all the required documents and application forms from the respective bank before submitting them to the DDOs.
STEP 3 - The documents must include a duly labeled Statement of Dues and Drawing Salary approved by the concerned DDO.
STEP 4 - Bank authorities will review the application form and decide on the eligibility of the applicant.
STEP 5 - If found eligible, the bank will transfer the loan amount to the vehicle dealer, and the interest subsidy is paid into the salary account of the applicant.
Contact Information
For queries, individuals can reach out via the helpline number: 781006.
FAQ's
Which state launched the Apun Bahan Scheme?
The Apun Bahan Scheme was launched by the Government of Assam.
What is the maximum loan amount under the Apun Bahan Scheme Assam?
The maximum loan amount is either ₹15 lakh or 48 times the net monthly income, whichever is lower.
Who can benefit from the Apun Bahan Scheme Assam?
Regular government employees in Assam who have served for at least 7 years are eligible. The benefit also covers employees of NHM, Samagra Shiksha, APGCL, APDCL and AEGCL.
What interest subsidy applies to the Apun Bahan Scheme?
Male employees get a 2% subsidy on petrol or diesel vehicles, women and Divyangjan get 3%, and all eligible employees get 4% on electric vehicles.
How long is the repayment period for loans under the scheme?
Loans can be repaid over a period ranging from 3 to 7 years under the Apun Bahan Scheme Assam.
Is there any subsidy provided under this scheme?
Yes, the government provides an interest subsidy which is directly credited to the salary accounts of eligible applicants.