AI SummaryAssam Government's Apun Ghar Loan Scheme is accepting applications from regular state government employees who want to buy or build their own home. Under this scheme, the government pays an interest subsidy on the housing loan, which brings down the monthly cost for the employee.
In the 2026-27 state budget, Finance Minister Jayanta Malla Baruah announced that the scheme will continue for another five years. The maximum housing loan for employees buying a home in urban areas has been raised to ₹50 lakh, up from ₹30 lakh earlier.
Overview of Apun Ghar Loan Scheme
The main aim of the Apun Ghar Loan Scheme is to help regular government employees of Assam get a home loan at a lower interest rate. The loan is given through the State Bank of India. The government pays a part of the interest, which lowers the effective rate for the employee.
So far, more than 52,000 government employees have taken housing loans worth over ₹8,000 crore under the scheme. The government has given around ₹707 crore as interest subsidy to support these employees.
At the recent meeting of the #AssamCabinet, several key decisions were made to improve the welfare of employees, including the extension of the Apon Ghar Scheme for state government staff. View details.— Himanta Biswa Sarma (@himantabiswa) July 10, 2024
Key Highlights of the Scheme
| Name of the Scheme | Apun Ghar Loan Scheme |
|---|---|
| Introduced By | Assam State Government |
| Objective | Providing Housing Loans |
| Beneficiaries | Regular State Government Employees |
| Loan Amount | Up to ₹50 lakh (urban areas) |
| Interest Subvention | 1 percent |
| Official Website | Assam Apun Ghar Loan Portal |
Who Can Apply?
Employees who meet the following conditions can apply for the scheme.
- Applicant must be a permanent resident of Assam and a regular state government employee.
- Applicant must be at least 21 years old.
- Applicant must have at least five years of service remaining before retirement.
- For pensionable staff, the loan tenure can go up to the age of 70 years. For non-pensionable staff, the maximum age is 60 years.
Loan Amount & Interest Rates
Under the current terms, the government provides an interest subsidy of 1 percent on the home loan. This subsidy is paid directly to the bank, which lowers the effective interest rate for the employee. The exact rate of interest depends on the prevailing SBI home loan rate at the time of sanction.
The maximum housing loan has been raised to ₹50 lakh for employees buying a home in urban areas. The interest subsidy applies only up to the eligible loan amount. If an employee takes a loan higher than the limit, the subsidy applies only up to the prescribed limit.
Benefits of the Apun Ghar Loan Scheme
Employees get a clear benefit because the government pays a part of the interest on the loan. This makes the monthly EMI lower and easier to manage.
- Employees get home loans at a lower interest rate because the government pays the subsidy.
- No processing fee is charged from state government employees.
- There is no need to mortgage property for a home loan up to ₹10 lakh.
- Employees who already have an SBI home loan at normal rates can switch over to the subsidized loan.
Application Process for Apun Ghar Loan Scheme
STEP 1 - Download the Apun Ghar home loan application form from the official website of the Finance Department of Assam at finance.assam.gov.in.
STEP 2 - Fill in the application form with personal details, employment information, salary structure and property details.
STEP 3 - Attach all the required documents with the application form.
STEP 4 - Submit the completed application form to the Drawing and Disbursing Officer (DDO) of your department.
STEP 5 - The DDO will verify the details and forward the application to the bank. After verification, the bank will sanction the loan and the interest subsidy will be linked to the loan account.
Documents Required for Application
Employees need to submit the following documents along with the application form.
- 5 copies of passport size photograph.
- Any one of these for identification: Aadhaar card, PAN card, Voter ID or identity card.
- Proof of residence such as electricity bill, landline telephone bill, passport or SBI account passbook with updated address.
- Form 16 of the last 2 years.
- Latest salary slip with all deductions certified by the DDO.
- Last 6 month statement of the salary account.
- No dues certificate from the bank if the salary is not credited in an SBI account.
- Documents showing ownership of the land or building to be purchased or constructed.
FAQ's
Which state launched the Apun Ghar Loan Scheme?
The Assam state government launched the Apun Ghar Loan Scheme.
Who is eligible to get the benefits of the scheme?
All regular state government employees of Assam who are permanent residents and have at least five years of service remaining are eligible to get the benefits.
What is the maximum loan amount under the Apun Ghar Loan Scheme?
The maximum housing loan has been raised to ₹50 lakh for employees buying a home in urban areas.
What are the interest rates for loans under this scheme?
The scheme offers an interest subsidy of 1 percent on the home loan, which lowers the effective interest rate for the employee.
Can private employees apply for this scheme?
No, the scheme is only available to regular Assam state government employees who meet the specified eligibility criteria.