Abhinandan Education Loan Subsidy Online Apply, Track Status, Eligibility Criteria

Abhinandan Educational Loan Subsidy Scheme was launched to take care of the students of Assam who want to pursue higher education but are not able to get anything due to their financial condition. 50000 rupees will be provided to all those people who want to get an educational loan from banks for their higher education. This scheme was launched on 4th September 2020. Earlier also Rs 50000 was distributed among 1500 students by the Chief Minister of Assam State. Under this scheme, 5000 students have already got Rs 50000. This will be a very beneficial scheme for the students.

Abhinandan Education Loan Subsidy

The main objective of starting the Abhinandan Educational Loan Subsidy Scheme is to help all those people who are not able to get higher education because they do not have enough money to apply to big colleges and schools. The Chief Minister of Assam state has already taken many measures so that he can provide free admission to educational institutions to all these students who are very good in their results but are not able to get an education. This will help in increasing the human capital in the state of Assam and will increase the willingness of the people to make higher education more seriously.Abhinandan Education Loan Subsidy

Abhinandan Education Loan Subsidy Scheme Details

Scheme Name Abhinandan Education Loan Subsidy Scheme
Authority Government of Assam
Department State Department of Finance
Academic Year 2022
Category Assam Govt Scheme
Objective To provide Rs. 50,000 as a subsidy to the educational loan loanees
Mode of Application Online
Application Status To be announced
Official Website www.assamfinanceloans.in

Objectives of Abhinandan Education Loan Subsidy Scheme

  • The objective of this scheme is to encourage more and more students to pursue higher studies.
  • As a result, it will strengthen the education sector of the state of Assam.
  • Financial constraints will not stop the students from studying more.
  • Optimize students’ academic abilities.
  • This will also increase the human capital of the state.

Also Check PM Jal Jeevan Mission Scheme 

Eligibility Criteria Abhinandan Education Loan Apply Online

  • Only permanent residents of the state of Assam can apply.
  • The loan should be sanctioned by any scheduled commercial bank or regional rural bank within the state.
  • There is no limit on the income of the family.
  • The sanctioned loan amount should be at least Rs. 1 lakh and before 31st March of each year.
  • For loans sanctioned after April 1, the subsidy will be given after the disbursement of 25% of the total loan amount.
  • The loan claiming accounts should be of NPA status.
  • Students availing loans under ‘Vidya Laxmi Yojana’ are not eligible to apply.

Also Check YSR Vahana Mitra Scheme List

Not Eligible Beneficiary of Abhinandan Education Loan Scheme

  • If the repayment of loan installments is due for a specific time period then you will not be able to apply for the scheme.
  • All educational loans are declared as non-performing assets after a specific period of 90 days.
  • Bidya Lakshmi Yojana was launched in 2017 by the Government of Assam.
  • If you are one of the beneficiaries of this scheme then you will not be able to apply for Educational Loan Subsidy Scheme.
  • Government employees can avail of educational loans of 5 to 10 lakhs through Vidya Laxmi Yojana.

Also Check E Sanjeevani OPD Login

ALES Apply Online

The concerned authority of the Government of Assam has launched the Abhinandan Educational Loan Subsidy Scheme for the year 2020. In this scheme, around 50,000 subsidies will be provided on educational loans to all the students who want to pursue higher studies. Today we will share with you all the eligibility criteria for the Abhinandan Educational Loan Subsidy Scheme which is launched by the Government of Assam. In this article, we will also share with you all the step-by-step application procedures which will be very beneficial if you are a student of Assam and want to pursue higher studies in your state.

Steps to Apply Abhinandan Education Loan Subsidy Application Form

  • Click on the given link to go to the official website of the scheme.
  • Abhinandan Education Loan Subsidy will be displayed on your screen
  • Click on the option called “Apply” option.
  • Assam Abhinandan Yojana Online Application Form 2020 will be displayed on your screen.
  • Fill in all the required details
    • Name of applicant
    • father’s name
    • Date of birth
    • Know
    • mobile number
    • pan card details
    • bank details
    • upload document
    • credit proof
    • residence certificate
    • pan card proof
  • Click on the “Submit” button to complete the application process.
  • After that, the Assam government will deposit the subsidy amount of Rs 50,000 in your education loan account.

The Process to Track AELS Application Form Status

  • Go to the homepage of assamfinanceloans.in.
  • Now click on the “Track” icon available.
  • Track Abhinandan Education Loan Subsidy Scheme app will appear
  • Enter your loan account number or application number and registered mobile number.
  • Finally, click on the “Submit” button to continue.

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