AI SummaryAbhinandan Education Loan Subsidy Scheme is a financial support program of Assam government that gives a one-time subsidy of Rs. 50,000 on education loans taken for higher studies. Students who have taken an education loan of Rs. 1 lakh or more from a bank in Assam can apply for this cash support. The scheme is managed by the Finance Department of Assam and applications are accepted through the official state portal.
Former Chief Minister Sarbananda Sonowal launched the Abhinandan Education Loan Subsidy Scheme on 26 December 2019 at Srimanta Sankardev Kalakshetra in Guwahati. The scheme covers all commercial banks like Federal Bank and HDFC, and regional rural banks like Assam Gramin Vikash Bank. It is a one-time subsidy, so a student can get the benefit only once on an education loan.
Assam Abhinandan Education Loan Subsidy Scheme 2026 Apply Online
The Abhinandan education loan subsidy scheme helps students who have taken education loans from banks. The subsidy amount of Rs. 50,000 is paid directly into the education loan account of the student. This scheme is run by the Finance Department of Assam to help children pursue higher education. Here is the complete process to apply online for this scheme.
Abhinandan Scheme Online Application / Registration Form
STEP 1 - Visit the official website of Assam government at assam.gov.in and open the Abhinandan Education Loan Subsidy Scheme page.
STEP 2 - Select the "Apply" link under the "Abhinandan Education Loan Subsidy Scheme" section.
STEP 3 - The Assam Abhinandan Scheme application form will appear as shown below.
STEP 4 - Fill in all the required details accurately and upload the supporting documents.
STEP 5 - Finally, enter the necessary details and click on the "Submit" button to complete the application process.
Once the Abhinandan Scheme application form is approved, the subsidy amount of Rs. 50,000 will be deposited directly into the education loan account. The scheme is run by the Finance Department of Assam to help children pursue higher education studies.
Eligibility Criteria for Abhinandan Education Loan Subsidy Scheme
All applicants must meet the following eligibility criteria to get the benefit of the Abhinandan Education Loan Subsidy Scheme.
- The student must be a permanent resident of the state of Assam.
- The student must have taken a loan from a commercial or rural bank, otherwise he cannot get the benefit of the scheme.
- The bank must be recognized by the Reserve Bank of India.
- The benefit of this scheme can be availed only as a subsidy on education loans.
- The student's parents must have an education loan of more than Rs. 1 lakh.
Exceptions to Abhinandan Education Loan Subsidy Scheme
There are 2 exceptions to the Abhinandan Education Loan Subsidy Scheme. Students will not be able to get the benefit of this scheme in the following cases.
- Education loan falls under NPA status - NPA or Non-Performing Assets refers to those loans which have been declared in default or are on the verge of being declared so. It generally happens when repayment installments of loans are past due for a specific time period. In general, all the banks declare education loans as NPA after a specified duration of 90 days.
- Education Loan is benefited by Bidya Lakshmi Scheme - The 2nd type of exemption refers to education loans under the Bidya Lakshmi Scheme. This scheme was launched by the government in 2017 to assist state government employees. The main features of the Bidya Lakshmi Scheme are as follows.
In the Bidya Lakshmi Education Loan Scheme, all state government employees can avail an education loan of Rs. 5 to 10 lakh. The rate of interest is 4%. Those who want an education loan above Rs. 10 lakh can take this type of loan from State Bank of India (SBI), but the government benefit would be limited to Rs. 10 lakh. There will be no collateral or security charged up to Rs. 10 lakh.
Through the Abhinandan Education Loan Subsidy Scheme, the Assam government aims to improve its education infrastructure and encourage more students to pursue higher education.
FAQ's for Abhinandan Education Loan Subsidy Scheme
Here are some of the most frequently asked questions about the Abhinandan Education Loan Subsidy Scheme in Assam.
What is the Abhinandan Education Loan subsidy (AELS) scheme
Abhinandan Education Loan subsidy scheme is a program by the government of Assam to provide Rs. 50,000 to all loanees who have availed education loans earlier.
What is the objective of Abhinandan Education Loan Subsidy Scheme
To extend relief to permanent residents of Assam who have taken education loans or are in the process of taking education loans for their children to pursue higher education.
Who are eligible to avail benefits from Abhinandan Scheme in Assam
All students who are permanent residents of Assam studying in the state or outside and have availed education loan from any commercial bank or Regional Rural Bank. No income criteria, minimum loan amount is Rs. 1 lakh.
Who are excluded from Abhinandan Education Loan Subsidy Scheme
Beneficiaries of Bidya Lakshmi Scheme and those students whose loan account status is NPA.
Are personal loans taken to pursue education subsidized under Assam Abhinandan Scheme
No, only education loans shall be subsidized under this scheme.
Is Finance Department of Government of Assam providing education loans
No, the finance department of Assam government is only providing subsidy on education loans in the Abhinandan scheme.
Where and how can I apply for Abhinandan Education Loan Subsidy Scheme
Applicant has to visit the website https://assam.gov.in, click on the Loan Subsidy link and fill the online application form along with uploading the necessary documents.
What details shall be required to be filled in the online form for Abhinandan Scheme
Information about applicant's father's name, guardian's name, contact information, Pan Card and details about loan and the IFSC code of the branch from which it is availed.
What are the documents required to be uploaded in Assam Abhinandan Scheme Form
Applicant has to upload documents as proof of address, copy of pan card and proof of education loan availed.
What are the proofs shall be valid for address proof
Any one of the following documents - PRC Certificate, Ration Card, Aadhaar Card, Driving License, Voter Card, Passport
What all proofs shall be valid as loan proof
Any one of the following documents - Loan Sanction Letter, Loan Account Passbook Page showing details of the loan, Loan Account Statement
Where can I obtain the documents for loan proof
These documents can be obtained from the branch of bank from which the education loan has been availed.
What should be the Type and size of the documents to be uploaded
The applicant should upload documents in JPG/JPEG/PNG/PDF version only. The size of each document should be less than 2 MB.
Where can I know the status of my application
Applicant can track the status of their application using registered mobile number and application number/loan account number.
Where can I lodge my grievance
Branch Manager of the branch from where the loan has been sanctioned shall be Grievance Redressal Officer. An applicant has to formally submit a letter addressed to the Branch Manager.
For more details, visit the official website at assam.gov.in and for technical support, contact at subsidyloanassam@gmail.com
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