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AAG

Aponar Apon Ghar

"Aponar Apon Ghar" is a Home Loan Subsidy Scheme by the Finance Department, Govt. of Assam. The objective is to realize the vision of “Housing For All” by 2022 so that each poor person may have their own house. All the applicants will get home loans at subsidized interest rates.

State Cash

States / UT: Assam

Nodal department: Finance Department

Scheme for: Individual

Scheme profile

Categories: Banking,Financial Services and Insurance

Sub-categories: Loan

Target beneficiaries: Individual

Tags: Loan, Subsidy

Details

"Aponar Apon Ghar" is a Home Loan Subsidy Scheme by the Finance Department, Govt. of Assam. The objective is to realize the vision of “Housing For All” by 2022 so that each poor person may have their own house. All the applicants will get home loans at subsidized interest rates. Applicant must avail of housing loans from any Scheduled Commercial Bank, Regional Rural Bank, or Assam Cooperative Apex bank within the state. The state govt. will provide ₹ 2,50,000 subsidy on home loans up to ₹ 40,00,000. This house loan subsidy is only for those who are purchasing their 1st house and have not availed of loans under the previous Apun Ghar Scheme. The scope of the scheme is limited to the permanent residents of the state of Assam.

Benefits

  • Loan Amount (₹): 5 00 000 - 10 00 000 Subsidy (₹): 1 00 000 Loan Amount (₹): 10 00 000 - 20 00 000 Subsidy (₹): 1 50 000 Loan Amount (₹): 20 00 000 - 30 00 000 Subsidy (₹): 2 00 000 Loan Amount (₹): 30 00 000 - 40 00 000 Subsidy (₹): 2 50 000

Loan Amount (₹): 5,00,000 - 10,00,000
Subsidy (₹): 1,00,000

Loan Amount (₹): 10,00,000 - 20,00,000
Subsidy (₹): 1,50,000

Loan Amount (₹): 20,00,000 - 30,00,000
Subsidy (₹): 2,00,000

Loan Amount (₹): 30,00,000 - 40,00,000
Subsidy (₹): 2,50,000

Eligibility

  • The applicants must be permanent residents of Assam state.
  • The applicants must avail the housing loan from any Scheduled Commercial Bank, Regional Rural Banks, Assam Cooperative Apex bank within the state.
  • The total family income of the applicant (from all sources) must not exceed ₹ 20,00,000.
  • The housing loan must be of more than ₹ 5,00,000 and sanctioned by bank on or after 1st April 2019.
  • The loan accounts must not be under NPA (Non Performing Assets) status.
  • This must be the first home by the composite family.

Exclusions

Those who already benefited under the Apon Ghar scheme are not eligible.

Application Process

Online

Step 1: Visit the official website. Navigate to the "Click here for Loan Subsidy" section.
Step 2: Click "Aponar Apon Ghar (Home Loan Subsidy Scheme)". You will be taken to "Application for Release for Subsidy". Fill in all the mandatory details.
Applicant's Details: Name, Gender, DOB, PAN No., Email ID, Mobile Number, Address.
Loan Details: IFSC of Loan Issuing Branch, Bank Name, Branch Name, Account Number, Loan Sanction Amount, Date of Loan Sanction, Property Address.
Step 3: Upload the Supporting Documents: Land Proof, Address Proof, and PAN Card Proof. Check the Declaration, and click "Save".

Check Application Status:
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".

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

Which Department Manages The "Aponar Apon Ghar" Home Loan Subsidy Scheme?
The "Aponar Apon Ghar" Home Loan Subsidy Scheme is managed by the Finance Department, Govt. of Assam.
What Are The Objectives Of "Aponar Apon Ghar"?
The objective is to realize the vision of "Housing For All" by 2022 so that each poor person may have their own house. All the applicants will get home loans at subsidized interest rates.
Should The Applicant Avail Of The Loan From A Regional Rural Bank Only, In Order To Be Eligible For The Loan Subsidy?
No, the applicant can avail of housing loans from any Scheduled Commercial Bank, Regional Rural Bank, or Assam Cooperative Apex bank within the state.
What Is The Maximum Amount Of Subsidy That The Applicant Can Receive On The Home Loan?
The state govt. will provide ₹ 2,50,000 subsidy on home loans up to ₹ 40,00,000.
Can A Person Get House Loan Subsidy For Purchasing Their 2nd House?
No, this house loan subsidy is only for those who are purchasing their 1st house and have not availed of loans under the previous Apun Ghar Scheme.
Can Residents From Nagaland Also Apply To This Scheme?
No, the scope of the scheme is limited to the permanent residents of the state of Assam.
How Much Shall Be The Subsidy On A Loan Amount Of ₹ 7,50,000?
The subsidy shall be ₹ 1,00,000.
How Much Shall Be The Subsidy On A Loan Amount Of ₹ 19,00,000?
The subsidy shall be ₹ 1,50,000.
How Much Shall Be The Subsidy On A Loan Amount Of ₹ 19,00,000?
The subsidy shall be ₹ 1,50,000.
Where Can I Find The Link To The Scheme Guidelines?
The Scheme Guidelines can be found at this link - https://finance.assam.gov.in/sites/default/files/INTEREST%20SUBVENTION%20SCHEME%20FOR%20HOUSING%20LOAN%20FOR%20REGULAR%20STATE%20GOVERNMENT%20EMPLOYEES%20UNDER%20APUN%20GHAR%2C%20FILENO.%20FM.45.2016.157%2C%20DTD.21.03.2017_1.PDF
Where Can I Fin The Document Checklist?
The Document Checklist can be found at this link - https://sivasagar.assam.gov.in/sites/default/files/public_utility/APPLICATION%20FORM%20FOR%20HOME%20LOAN_2.pdf
Can I Apply Ot This Scheme If The Total Income Of My Family Is ₹ 27,00,000?
No, in order to be eligible, the total family income of the applicant (from all sources) must not exceed ₹ 20,00,000.
What Is The Full Form Of NPA?
The Full Form of NPA is "Non-Performing Assets".
Can I Apply Offline To This Scheme?
No, this scheme only accepts Online Applications.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status