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Abhinandan Education Loan Subsidy Scheme: Online Registration, Objectives, Eligibility & Benefits

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Short Brief: अभिनंदन एजुकेशन लोन सब्सिडी योजना – [Apply Online] Abhinandan Education Loan Subsidy Scheme (AELSS) 2020 – Online Registration, Application Form PDF Download, Eligibility, Beneficiary List, Payment/ Amount Status, Features, Benefits and Check Online Application Status at Official Website https://assamfinanceloans.in/.

Short Scheme Details:
Name of Scheme Abhinandan Education Loan Subsidy Scheme
Application Status Active
Scheme Benefit Education loans availed by the students for an amount of Rs 50,000
Scheme Published On 09/07/2020
Scheme Updated on 09/07/2020

Table of Content

अभिनंदन एजुकेशन लोन सब्सिडी योजना 2020 : Abhinandan Education Loan Subsidy Scheme List, Status News Update

Latest News Update:
The State government is going to dole out Rs 1,000 crore within three months – Rs 50,000 to each youth entrepreneur as seed capitals, Rs 3,000 to each of eight lakh tea estate workers holding bank accounts and a flat amount of Rs 50,000 to each of around 6,000 people who have taken education loans.

Abhinandan Education Loan Subsidy Scheme 2020 Apply Online

Summary: Assam State Finance Minister Himanta Biswa Sarma attended the ceremonial launch of ‘Abhinandan’-a progressive scheme by the state Finance department on December 26.

Acording to reports, the scheme will provide one time subsidy of Rs. 50,000 in education loan to 1546 students.

Under the Abhinandan Education Loan Subsidy Scheme of last year, students who have taken education loans from banks at any point of time will get a subsidy of Rs. 50,000.

Students can check eligibility criteria and apply online for Abhinandan Scheme at assam gov website to get your name enrolled in list of beneficiaries.

All Candidates who are willing to apply online application then download official notification and read all eligibility criteria and application process carefully. We will provide short information about “Abhinandan Education Loan Subsidy Scheme 2020” like Scheme Benefit, Eligibility Criteria, Key Features of Scheme, Application Status, Application process and more.

Abhinandan Education Loan Subsidy Scheme 2020 – Overview
Name of Scheme Abhinandan Education Loan Subsidy Scheme (AELSS)
in Language अभिनंदन एजुकेशन लोन सब्सिडी योजना
Scheme Agency Finance Department
Launched by CM Of Assam State
Beneficiaries Higher understudies
Major Benefit One time subsidy of INR 50,000.00 shall be deposited in loan account
Scheme Objective Provide loan wavier to students of Assam who have availed Education loans.
Scheme under State Government
Name of State Assam
Post Category Scheme/ Yojana
Official Website https://assamfinanceloans.in/
Important Dates
Event Dates
Starting Date to Apply Online DD Month 2020
Last Date to Apply Online DD Month 2020
Important Links
Event Links
Apply Online Registration Login
Notification Click Here
Abhinandan Education Loan Subsidy Scheme 2020 Official Website

Abhinandan Education Loan Subsidy Scheme Online Registration Process

The Abhinandan education loan subsidy scheme of Assam govt. will immensely help students who have availed students loan. For new beneficiaries, the state government has opened a website, www.assamfinanceloans.in, wherein students can register by 20th September to avail the benefits. The subsidies of Rs. 50,000 will be released from 7th to 10th of October.

In the online form the applicant shall be required to provided information about her/his father’s name guardian’s name, contact information, Pan Card and details about loan & the IFSC code of the branch from which it is availed.

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Procedure to Apply Online Abhinandan Education Loan Subsidy Scheme Application Form 2020

Step 1- Visit the Official Website of Abhinandan Education Loan Subsidy Scheme i.e. https://assamfinanceloans.in/.

Step 2- On the Homepage, Click on the Option “Apply” button.

Step 3- Application Form page will be displayed on the screen.

Step 4- Now enter the required details (Mention all the details such as Applicant Name, Father’s Name, Date Of Birth, Address, Mobile Number, Pan Card Details, Bank Details and other information) and upload documents (Loan Proof, Address Proof & Pan Card Proof).

Step 5- Click on Submit Button for the final submission of the application.

Note: After successful submission of application, the application should take a print of the application form and keep it safely for future reference.  After that Assam Government will deposit subsidy amount of Rs. 50,000 into your education loan account.

Procedure to track status of Abhinandan Education Loan Subsidy Scheme List 2020

Step 1- Visit the Official Website of Abhinandan Education Loan Subsidy Scheme i.e. https://assamfinanceloans.in/.

Step 2- On the Homepage, Click on the Option “Track” button.

Step 3- Application Tracking popup page will be displayed on the screen.

Step 3- Now enter the Mobile no and Loan Account No. Or Application Number.

Step 4- After entering, click on the submit button and Abhinandan Education Loan Subsidy Scheme status and beneficiary list show on the screen.

Required Document for Abhinandan Education Loan Subsidy Scheme

Important Document to Apply Online
  • Student’s Aadhaar Card
  • Parent Identification Documents
  • Bank loan documents
  • Residence certificate

What are the document required to be uploaded?
The applicant has to upload documents as proof of address, copy of pan card and proof of education loan availed.

What are the proofs shall be valid for address proof?
Anyone of the following documents shall act as proof of address

  • PRC Certificate
  • Ration Card
  • Aadhaar Card,
  • Driving License,
  • Voter Card,
  • Passport

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.

Where can I obtain the documents for loan proof?
These documents can be obtained from the branch of bank from which the
loan has been availed.

Abhinandan Education Loan Subsidy Scheme Eligibility Criteria

Beneficiary Guidelines
  • Applicant should be a permanent resident of Assam
  • Education loan from any Scheduled Commercial Bank or Regional Rural Bank within the state.
  • No income criteria.​
  • Education loans sanctioned before 31 March 19, amounting Rs. 1 Lakhs or more​
  • For all education loans sanctioned since 1 April 19, after disbursement of 25% of the sanctioned loan amount.
  • Beneficiaries already benefitted under “Bidya Lakshmi” scheme is not eligible for application of this scheme
  • Loan accounts must not be under NPA Status

Abhinandan Education Loan Subsidy Scheme 2020: Online Application Form

ABOUT SCHEME
Abhinandan Education Loan Subsidy Scheme 2020: Online Application Form PDF Download – Abhinandan educational loan subsidy scheme was launched to take care of the students of Assam who want to gain higher education but are not able to get anything because of their financial situation.

Assam CM on 26 December 2019 started Abhinandan Yojana during a programme held at Srimanta Sankardev Kalakshetra in Guwahati.

Under this scheme, govt. will encourage students to pursue higher studies by providing Rs. 50,000 subsidy on education loans.

It is to be mentioned that this scheme will be implemented in phase manner.

The state govenemnet ascertained that this scheme will immensely help students who have avialed students loan.

The Assam Abhinandhan Education Loan Subsidy Scheme online application form are available at assamfinanceloans.in.

The scheme covers all commercial banks like the Federal Bank and HDFC and also the regional rural banks like Assam Gramin Vikash Bank within Assam.

Objectives of Abhinandan Education Loan Subsidy Scheme 2020

SCHEME OBJECTIVE
  • 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.
  • The state govt. of Assam has taken various initiatives to maximize academic opportunities for students.

Major Benefits

BENEFICIARY BENEFITS
  • One time subsidy of INR 50,000.00 shall be deposited in loan account
  • This includes scholarships, free admission into educational institutions, distribution of free textbooks etc.
  • Now the new progressive education loan subsidy scheme will be implemented in a phase wise manner.

Key Features of Scheme

SCHEME FEATURES
  • Assam Chief Minister Sarbananda Sonowal launched the state government’s Abhinandan scheme to help the students pursuing higher studies.
  • Under this scheme, the Assam CM ceremonially distributed one-time subsidy sanction letters against education loans availed by the students for an amount of Rs 50,000 each to 1,546 students.
  • The scheme covers all commercial banks and also the regional rural banks.

Helpline Number 

HELPLINE NUMBER & CONTACT ADDRESS
HELPAPPDETAILS

1 thought on “Abhinandan Education Loan Subsidy Scheme: Online Registration, Objectives, Eligibility & Benefits”

  1. Hello,

    I applied for this subsidy but have not yet received the subsidy amount, neither it’s showing under Tracking .Could you please help me/ mail it to me what is the issue here.

    Reply

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