Assam Goverment launched a scheme which name is Abhinandan Scheme. Abhinandan Scheme is an education loan subsidy scheme for pursuing higher education for the children of the permanent residents of Assam.
Objective of Abhinandan Scheme Assam 2020
The objective of this program is to extend relief to those permanent residents of the State, who have taken education loans or are in the process of taking education loans for their children to pursue their dreams of getting higher education. This shall also promote many young and bright students who are unable to pursue their higher education due to financial constraints to take education loans in future.
What are the proofs shall be valid for address proof?
Any one of the following documents shall act as proof of address
Main Features of Abhinandan Scheme
– The scheme will cover all students who have availed Education Loan from any Nationalized or Cooperative Bank in Assam.
– The scheme is valid for all accounts which are active till date.
– To avail the benefit under the scheme, the minimum sanctioned education loan amount should be of Rs 1 lakh.
– There will be no upper limit on the annual income of the students seeking to avail the benefits of this scheme.
– The benefits of this scheme will be available to all permanent residents of Assam.
– Government of Assam will directly transfer the subsidy to the banks.
Education loans availed during which time period duration is applicable for this scheme?
Education loans that has been sanctioned till 31st March 2019 are eligible to apply for this scheme. Further any loan that shall be sanctioned during current financial year i.e. 2019-20 shall also be eligible to avail this scheme.
Are personal loans taken to pursue education shall be subsidized under this scheme?
No, only education loans shall be subsidized under this scheme.
Is Finance Department of Government of Assam providing education loans?
No, Finance Department of Government of Assam is only providing subsidy for education loans sanctioned by the banks.
What all proofs shall be valid as loan proof?
Any one of the following documents shall act as proof of identity
-Loan Sanction Letter
-Loan Account Passbook Page showing details of the loan
-Loan Account Statement
These documents can be obtained from the branch of bank from which the loan has been availed.
What should be the Type and size of the documents to be uploaded?
The application should upload document in JPG/JPEG/PNG/PDF version only. The size of the each of document should be less than 2 MB.
Where can I know the status of my application?
Applicant can track their status of 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.
Where and how can I apply?
Applicant has to visit the website ‘https://finance.assam.gov.in’; Click on the Loan Subsidy link and by filling the online application form along with uploading the necessary documents.
Important Links :
Online Application: Click Here
Official Website: Click Here
Track Your Application Form: Click Here