Assam Abhinandan Education Loan Subsidy Scheme in Jamshedpur
AAELSS
Finance Department, Government of Assam
Guidance for businesses in Jamshedpur
"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.
At a glance
- Scheme Name
- Assam Abhinandan Education Loan Subsidy Scheme
- Launched
- 26 December 2019
- Managed By
- Finance Department, Government of Assam
- Subsidy
- Up to ₹50,000 per student
- Minimum Loan
- ₹1,00,000
- Mode
- Online only
Benefits
The govt. will provide a loan subsidy of up to ₹50,000/- per student.
Eligibility
- The applicant student should be a permanent resident of Assam.
- 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.
- The education loan should be a minimum of ₹1,00,000.
Documents required
- Passport Sized Photograph of the Student
- Student's Aadhaar Card
- Proof of Identity of the Parents
- Bank Loan Documents
- Proof of Address
- Residential/Domicile Certificate
- Marksheets / Passing Certificate of the Previous Educational Qualification
- PAN Card
- Bank Details
How to apply
- 1
Visit the official website and navigate to the "Click here for Loan Subsidy" section.
- 2
Click "Assam Abhinandan (Education Loan Subsidy Scheme)". On the "Application for Release for Subsidy" page, fill in all mandatory details (Applicant Name, Father's Name, Date Of Birth, Address, Mobile Number, PAN Card Details, and Bank Details). Upload the Supporting Documents — Loan Proof (Loan Sanction Letter, Loan Account Passbook, Statement of Loan), Address Proof, and PAN Card.
- 3
Check the Declaration and click "Save".
- 4
Check Application Status:
- On the official website, in the "Application Tracking" section (bottom right), click "Track". Provide your Mobile Number and Loan Account Number or Application Number, and click "Submit".
About the scheme
The Assam Abhinandan Education Loan Subsidy Scheme, launched on 26 December 2019 and managed by the Finance Department, Government of Assam, provides a loan subsidy of up to ₹50,000 per student on education loans availed for higher studies — encouraging students to pursue higher education.
Why it matters
- Loan Subsidy:
- Up to ₹50,000 on education loans.
- Higher Education:
- Encourages students to pursue higher studies.
- Wide Bank Coverage:
- All scheduled and regional rural banks in Assam.
- Assam Students:
- For permanent residents of Assam.
Focus areas
- Education Loans:
- Subsidy on higher-education loans.
- Student Support:
- Encouraging higher studies.
- Assam Residents:
- For permanent residents of Assam.
Is this scheme right for you?
The Assam Abhinandan Education Loan Subsidy Scheme eases the burden of higher-education loans for Assam's students with a subsidy of up to ₹50,000. If you are a permanent resident of Assam with an education loan of at least ₹1,00,000, this scheme can reduce your repayment.
Official links
Links open the issuing department's website. Always confirm the current terms there before applying.
Frequently asked questions
When Was "Assam Abhinandan Education Loan Subsidy Scheme" Launched?
"Assam Abhinandan Education Loan Subsidy Scheme" was launched on 26 December 2019.
Who Launched The "Assam Abhinandan Education Loan Subsidy Scheme"?
The "Assam Abhinandan Education Loan Subsidy Scheme" was launched by the Hon'ble Chief Minister of Assam.
What Is The Maximum Amount Of Subsidy That I Can Receive On The Loan?
The govt. will provide a loan subsidy of up to ₹50,000 on education loans to students pursuing higher education.
Does This Scheme Also Cover The Federal Bank And HDFC Bank?
Yes, 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.
What Are The Objectives Of This Scheme?
The objective of this scheme is to encourage students to pursue higher studies by providing subsidies on education loans.
Can Students From Other States Also Apply To This Scheme?
No, only the students who are permanent residents of the state of Assam can apply to this scheme.
Where Can I Find The Link To The Scheme Guidelines?
The scheme guidelines can be found at this link - https://assam.gov.in/assam-abhinandan-education-loan-subsidy-scheme
What Should Be The Minimum Amount Of The Education Loan?
The education loan should be a minimum of ₹1,00,000.
Can I Apply Offline To This Scheme?
No, this scheme only accepts online applications.
What Documents Are Required In Order To Apply?
The following documents are required - • Passport Sized Photograph of the Student • Student's Aadhaar Card • Proof of Identity of the Parents • Bank Loan Documents • Proof of Address • Residential/Domicile Certificate • Marksheets / Passing Certificate of the Previous Educational Qualification • PAN Card • Bank Details
How Can I Check The Status Of My Application?
To Check the Application Status, follow the steps given below - Step 1: Visit the official website. At the bottom right of the page, in the "Application Tracking" section, click "Track". Step 2: On the next page, provide your Mobile Number, and Loan Account Number or Application Number, and click "Submit".
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