On September 5, the Assam government is scheduled to introduce the second version known as Abhinandan Education Loan Subsidy Scheme 2.0. Under this initiative, loans applied on for the cost of higher education will be eligible for up to a Rs 50,000 subsidy. To help students achieve their goals of pursuing higher education, the program offers loan subsidies for loans that are approved between April 1, 2020, and March 31, 2024. All students seeking higher education within or outside the state of Assam who are permanent residents are eligible. Keep reading this article to learn more about the Abhinandan Education Loan Subsidy Scheme 2.0.
Objective of Abhinandan Education Loan Subsidy Scheme 2.0
The primary objective of Abhinandan Education Loan Subsidy Scheme 2.0 is to provide subsidies on the education loans that were taken by students for higher education. Through this scheme, the government is to give a subsidy of Rs 50,000 on any student loan that Assamese state residents have taken out for education. To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh. The five thousand Assamese students who took out educational loans to pay for their postsecondary education have already received these fifty thousand rupees. This year more students are going to benefit from this scheme.
Also Read: Assam Pragyan Bharati Scooty Scheme
Key Highlights of Abhinandan Education Loan Subsidy Scheme 2.0
| Name of the scheme | Abhinandan Education Loan Subsidy Scheme 2.o |
| Launched by | CM Of Assam State |
| Beneficiaries | Students who are doing Higher studies |
| Objective | Providing 50000 rupees to the students who take educational loans |
| Official Website | – |
Eligibility Criteria
- The applicant must be a permanent and legal resident of Assam state
- The applicant must have taken the educational loan from any Scheduled Commercial Bank or Regional Rural Bank in the state of Assam
- The bank must be recognized by the Reserve Bank of India.
- There is no income criteria present in this scheme
- The loan must be taken between April 1, 2020, and March 31, 2024.
Also Read: Assam Nijut Moina Scheme
Loan Amount
- To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh.
Announcement Date
- The Assam government announced the scheme on 20 august 2024 and is set to launch the 2nd edition of the Scheme on September 5.
Benefits of Abhinandan Education Loan Subsidy Scheme 2.0
- A subsidy of up to Rs 50,000 will be available for loans requested for to cover the cost of higher education under this scheme.
- For loans that are authorized between April 1, 2020, and March 31, 2024, the program offers loan subsidies to help students reach their goals of pursuing higher education.
- All permanent inhabitants of the state of Assam who wish to pursue higher education are eligible, whether they do so inside or outside the state.
Also Read: HS Scooty Percentage
Required Documents
- Student’s Aadhaar Card
- Parent Identification Documents
- Bank loan documents
- Residence certificate
Selection Process
- All students seeking higher education within or outside the state of Assam who are permanent residents are eligible. To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh.
- Each beneficiary may only receive the benefit once.
- Children of currently serving public officials, including MPs, MLAs, Panchayat officials, and permanent staff members in the government or government-owned enterprises, are ineligible.
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Abhinandan Education Loan Subsidy Scheme 2.0 Online Apply
On September 5, the Assam government will introduce the Online Porta; for the second version known as Abhinandan Education Loan Subsidy Scheme 2.0. until then this will be the Application procedure for the application of Loan Subsidy:
Step 1: First of all, visit the official website of the Abhinandan Education loan subsidy scheme. The front page of the website will open.
Step 2: there you have to click on the Apply for Loan subsidy scheme.
Step 3: then you have to fill in all the details and upload all the necessary documents.
Step 4: click on the submit option and this way you can apply for the scheme.
FAQS
What is Abhinandan Education Loan Subsidy Scheme 2.0?
Under this initiative, loans applied on for the cost of higher education will be eligible for up to a Rs 50,000 subsidy.
When will it be officially launched?
On September 5, the Assam government is scheduled to introduce the second version known as Abhinandan Education Loan Subsidy Scheme 2.0.
Who is eligible for this scheme?
To be eligible for the scheme’s benefits, you must have a minimum education debt balance of Rs 2 lakh.