Assam Abhinandan Education Loan Subsidy Scheme

About This Scheme

"Assam Abhinandan Education Loan Subsidy Scheme" was launched on 26 December 2019 by the Hon'ble Chief Minister of Assam. The scheme is managed by the Finance Department, Govt. of Assam. The govt. will provide a loan subsidy of up to ₹ 50,000 on education loans to students pursuing higher education. This scheme would cover all commercial banks like the Federal Bank and HDFC and also the regional rural banks like Assam Gramin Vikash Bank within Assam. The objective of this scheme is to encourage students to pursue higher studies by providing subsidies on education loans. The applicant students can apply for the subsidy by paying 25% of their loans. Only the students who are permanent residents of the state of Assam can apply to this scheme.

Eligibility

1. The applicant student should be a permanent resident of Assam. 1. The Education Loan should have been availed from any Scheduled Commercial Bank or Regional Rural Bank within the state recognized by the Reserve Bank of India. 1. The education loan should be a minimum of ₹ 1,00,000.

Benefits

The govt. will provide a loan subsidy of up to ₹ 50,000/- per student.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.