The Abhinandan Education Loan Subsidy Scheme 2.0 will be introduced by the Assam government on 5 September. Under this scheme, up to Rs 50,000 in subsidies would be available for loans taken out to cover the expense of higher education. For loans issued between 1 April 2020 and 31 March 2024, the scheme provides loan subsidies to assist students in fulfilling their goals to pursue higher education. All permanent residents who choose to pursue higher education inside or outside of the state of Assam are eligible.
Abhinandan Education Loan Subsidy Scheme 2.0
The Abhinandan Educational Loan Subsidy Scheme was established to assist Assam students who aspire to pursue higher education but are unable to do so because of financial constraints. Students who qualify for this scheme might get Rs.50,000 to help pay back their school loans. It began on 4 September 2020.
The Assam chief minister had already offered Rs.50,000 to 1,500 students. 50,000 students have already received Rs.50,000 each. The scheme is great for students who want financial assistance for their education.
Keywords of Abhinandan Education Loan Subsidy Scheme 2.0
| Name of the scheme | Abhinandan Education Loan Subsidy Scheme 2.0 |
| Launched by | State Government Assam |
| Year | 2025 |
| Beneficiaires | Students of state |
| Objective | To provide students who take out educational loans 50,000 rupees |
| Application process | _______ |
| Official website | _______ |
Objective of Abhinandan Education Loan Subsidy Scheme 2.0
The main objective of this scheme is to offer financial aid for student loans taken out for higher education. The government would use this scheme to provide a Rs.50,000 subsidy on any student loans taken out for study by citizens of Assam. A minimum sum of Rs.2 lakh in education debt is required in order to qualify for the benefits of the scheme. They have already disbursed these fifty thousand rupees to the five thousand Assam students who took out loans to finance their postsecondary education.
Assam Mukhyamantri Sva Niyojan Yojana
Benefits of Abhinandan Education Loan Subsidy Scheme 2.0
- Loans requested to pay the expense of higher education would be eligible for a subsidy of up to Rs 50,000 under this scheme.
- To assist students in achieving their goals of pursuing higher education, the program provides loan subsidies for loans that are approved between 1 April 2020 and 31 March 2024.
- Eligibility for higher education is open to all Assam permanent residents, whether they choose to study inside or outside the state.
Eligibility Criteria
- The applicant must live in Assam.
- The applicant must have obtained the educational loan from one of Assam’s Scheduled Commercial Banks or Regional Rural Banks.
- The Reserve Bank of India must acknowledge the bank.
- Between 1 April 2020 and 31 March 2024, the loan must be taken out.
Required Documents
- Aadhaar card
- Parents ID card
- Bank loan documents
- Address proof
- Bank account details
- Email ID
- Mobile number
Loan Amount
- A minimum sum of Rs 2 lakh in college debt is required in order to qualify for the benefits of the scheme.
Selection Process
- All permanent residents who choose to pursue higher education inside or outside of the state of Assam are eligible. You must owe at least Rs 2 lakh in school debt in order to qualify for the benefits of this scheme.
- The benefit may only be given to each beneficiary once.
- Children of public servants who are currently employed by the government or government-owned businesses such as MPs, MLAs, Panchayat officials and permanent employees are not eligible.
Applying the Process of Abhinandan Education Loan Subsidy Scheme 2.0
- First, you have to visit the Official Website of the scheme.
- The homepage will appear on your screen.
- Click on the Apply for loan subsidy scheme option.
- Enter all the necessary details in the form.
- You have to upload all the necessary documents.
- Click on the submit button.
Contact Details:
- _______
FAQs
Which state launched the Abhinandan Scheme 2.0?
The Abhinandan Scheme 2.0 was introduced by the state government of Assam.
What is the Abhinandan Education Loan Subsidy Scheme 2.0?
Under this scheme, up to Rs 50,000 in subsidies would be available for loans taken out to cover the expense of higher education.
Who is eligible for this scheme?
You must have at least Rs 2 lakh for educational debt in order to qualify for the benefits of this scheme.