AELSS
Abhinandan Education Loan Subsidy Scheme
5.7/10Chief Minister Sarbananda Sonowal launched the Assam Abhinandan Education Loan Subsidy Scheme at the Srimanta Sankardev International Auditorium on 26 December 2019 in the presence of Finance Minister Himanta Biswa Sarma, , several senior officials of the State Finance Department, and bank officials
States / UT: Assam
Nodal department: Finance Department
Scheme for: Individual
Scheme profile
Scheme open date: 2019-12-26
Categories: Education & Learning, Skills & Employment
Sub-categories: Loan, Scholarships and student finance
Target beneficiaries: Individual
Tags: Abhinandan, Education Loan, Subsidy Scheme
Details
The objective of this scheme is to provide a loan subsidy of up to Rs 50,000 on education loans to students pursuing higher education from good institutions. The Abhinandan Education Loan Subsidy Scheme has been started with the Housing Scheme. Under this scheme, the Government of Assam will provide a one-time subsidy on loans to all students pursuing higher education on education loans. Under the Abhinandan Scheme all major banks, all commercial banks such as Federal Bank and HDFC are included.
In this scheme, the state government will provide subsidy to the family of those students who has taken an education loan of more than Rs 1 lakh. Students getting an education on an education loan can subscribe to this scheme online or offline
Benefits
- Benefits 1. A subsidy of Rs 50 000 will be provided to students by the Government of Assam on education loans up to Rs 1 lakh. 1. In this scheme all the applicant students can apply for the subsidy by paying 25% of their loans. 1. Under this scheme the subsidy can be obtained only on loans taken from commercial banks like Federal Bank and HDFC and regional rural banks like Assam Rural Regional Bank. 1. In this scheme all students have to get financial help by encouraging students on education loans
Benefits
- A subsidy of Rs 50,000 will be provided to students by the Government of Assam on education loans up to Rs 1 lakh.
- In this scheme, all the applicant students can apply for the subsidy by paying 25% of their loans.
- Under this scheme, the subsidy can be obtained only on loans taken from commercial banks like Federal Bank and HDFC and regional rural banks like Assam Rural Regional Bank.
- In this scheme, all students have to get financial help by encouraging students on education loans.
Eligibility
- It is mandatory for the student to be a permanent resident of the state of Assam.
- The student must have taken a loan from a commercial or rural bank, otherwise, he cannot avail of the benefit of the scheme.
- The bank has been recognized by the Reserve Bank of India.
- The benefit of this scheme can be availed only as a subsidy on education loans.
- It is mandatory for the student’s parents to have an education loan of more than Rs 1 lakh.
Exclusions
Exclusions
- Government employees are not allowed to apply to the scheme.
- The student obtaining benefits under this scheme shall not be allowed to avail of benefits under any other scheme for this purpose.
- Beneficiaries who already benefited under Bidya Lakshmi Scheme are not eligible for application in this scheme.
How useful is this scheme?
A practical look at this scheme for citizens
AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.
- Accessibility5.0
- Financial impact9.0
- Rural utility5.0
- Awareness4.0
- Simplicity4.0
- Inclusivity5.0
What problem does this scheme solve?
The scheme provides financial assistance to students pursuing higher education, but has specific eligibility criteria that may limit access.
Key challenges addressed
- Financial burden of education loans
Most beneficial for
- Students from low-income families in Assam
Likely challenges
- Eligibility restrictions for non-residents and government employees
Practical insights for citizens
The scheme may be practical for urban students but poses challenges for rural applicants.
Rural challenges
- Limited internet access in rural areas
- Awareness of the scheme among rural populations
Digital challenges
- Dependence on online application may exclude non-digital users
Implementation bottlenecks
- Verification processes with banks may delay benefits
Awareness challenges
- Low awareness among potential beneficiaries
Application analysis
- Application mode
- Online portal
- Documents burden
- Minimal, no specific documents listed
- Verification complexity
- Moderate, requires bank verification
- Office dependency
- Low, primarily online
- DBT dependency
- No direct benefit transfer mentioned
- CSC support
- Not specified
- Estimated citizen effort
- Moderate, requires online application and bank coordination
Estimated beneficiary reach
Benefit analysis
- Benefit type
- Cash
- Benefit frequency
- One-time subsidy
- Benefit practicality
- Practical for eligible students but limited by strict criteria
- Financial meaningfulness
- High, as it significantly reduces loan burden
- Long-term impact
- Potentially positive, encouraging higher education among low-income families
Plain-language guidance
The Abhinandan Education Loan Subsidy Scheme helps students in Assam by providing a one-time subsidy on education loans. To apply, students must meet specific eligibility criteria.
- Who should apply
- Students from Assam pursuing higher education with loans from recognized banks.
- Who may struggle
- Non-residents, government employees, and those unfamiliar with online applications.
- Best application route
- Apply via the official online portal.
This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.
Application Process
Online
Application process
- Visit the official website.1. With the respect to the "Abhinandhan Education Loan Subsidy", click on apply option.
- The Assam Abhinandhan Scheme Online Application Form will appear.
- Now provide the required details.
- Upload the required documents and submit
Clarifications
Additional points from the scheme information published on myScheme (not legal advice).
- What is the maximum subsidy one can avail?
A subsidy of Rs 50,000 will be provided to students by the Government of Assam on education loans up to Rs 1 lakh
- What is the percentage one has to pay for applying for scheme?
25% of the loan
- Is it only for the resident of the state?
The applicant must be a permanent and legal resident of Assam state
- What is the amount of loan should be
The loan must be of rupees 100000 or more.
- Bidya Lakshmi Scheme are eligible
Beneficiaries who already benefited under Bidya Lakshmi Scheme are not eligible for application in this scheme.
Official links
References
- Guidelines
- https://assam.gov.in/scheme-page/223
Apply
Apply nowOpens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.
Frequently asked questions
- What is the purpose of Abhinandan Education Loan Subsidy Scheme?
- Abhinandan Education Loan Subsidy Scheme is a government welfare initiative designed to support Individual, Individual through benefits related to Education & Learning, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
- Who can apply for Abhinandan Education Loan Subsidy Scheme?
- Eligibility for Abhinandan Education Loan Subsidy Scheme may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
- What benefits are offered under Abhinandan Education Loan Subsidy Scheme?
- Benefits under Abhinandan Education Loan Subsidy Scheme may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
- Which department manages Abhinandan Education Loan Subsidy Scheme?
- Abhinandan Education Loan Subsidy Scheme is managed by Finance Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
- Can users apply online for Abhinandan Education Loan Subsidy Scheme?
- Yes, eligible applicants may be able to apply online for Abhinandan Education Loan Subsidy Scheme through official government portals, authorised service centres, or digital application systems depending on the implementation process.
- Is Aadhaar mandatory for Abhinandan Education Loan Subsidy Scheme?
- Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
- Where can users apply for Abhinandan Education Loan Subsidy Scheme?
- Applications for Abhinandan Education Loan Subsidy Scheme may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
- What documents may be required for Abhinandan Education Loan Subsidy Scheme?
- Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
- Is income certificate required for Abhinandan Education Loan Subsidy Scheme?
- Income certificate requirements may vary depending on beneficiary category, subsidy eligibility, and financial assistance criteria defined under Abhinandan Education Loan Subsidy Scheme.
- Is Abhinandan Education Loan Subsidy Scheme available in all states?
- No, Abhinandan Education Loan Subsidy Scheme is primarily available for eligible residents of Assam and may be implemented through state government departments and local administrative offices.
- Can residents outside Assam apply for Abhinandan Education Loan Subsidy Scheme?
- Eligibility for Abhinandan Education Loan Subsidy Scheme is generally limited to residents of Assam unless otherwise specified in the official scheme guidelines.
- Can students apply for Abhinandan Education Loan Subsidy Scheme?
- Eligible students studying in recognised institutions may apply for Abhinandan Education Loan Subsidy Scheme depending on educational qualification, category, income limit, and academic eligibility.
- Is scholarship amount provided under Abhinandan Education Loan Subsidy Scheme?
- Abhinandan Education Loan Subsidy Scheme may provide scholarship assistance, tuition support, educational reimbursement, or financial aid for eligible students.
- Who is eligible for pension benefits under Abhinandan Education Loan Subsidy Scheme?
- Eligibility may depend on age, income category, social welfare criteria, disability status, widow status, or senior citizen classification defined under the scheme.
- How are pension benefits provided under Abhinandan Education Loan Subsidy Scheme?
- Pension assistance under Abhinandan Education Loan Subsidy Scheme may be transferred through direct benefit transfer (DBT), linked bank accounts, post office accounts, or welfare department payment systems.
- Can CSC centres help users apply for Abhinandan Education Loan Subsidy Scheme?
- Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
- How can users check the latest updates for Abhinandan Education Loan Subsidy Scheme?
- Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
- Are there deadlines for applying to Abhinandan Education Loan Subsidy Scheme?
- Some schemes may operate through fixed application windows, annual registration cycles, or department-specific deadlines depending on scheme implementation policies.
- Can beneficiaries track application status for Abhinandan Education Loan Subsidy Scheme?
- Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
- Where can users get help for Abhinandan Education Loan Subsidy Scheme in Assam?
- Users in Assam may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
- Which nearby public services may help with Abhinandan Education Loan Subsidy Scheme applications?
- Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.