Scheme Overview of Abhinandan:
Scheme
Name:
Education loan subsidy scheme for pursuing higher education by the children of
the permanent residents of Assam.
Scheme
Agency:
Finance Department
Objective
of the Scheme:
Provide loan waiver to students for Assam who have availed Education loans.
Benefit: One time subsidy of INR
50,000.00 shall be deposited in loan account.
Eligibility Criteria of Abhinandan Scheme:
üApplicant should be a
permanent Resident of Assam
üEducation loan from any Scheduled
Commercial Bank or Regional Rural Bank within the state.
üNo income criteria
üEducation loans
sanctioned before 31st March 2019, amounting Rs. 1 Lakhs or more
üFor all education loans
sanctioned since 1st April 2019, after disbursement of 25% of the sanctioned
loan amount.
üBeneficiaries already benefitted
under “Bidya Lakshmi” scheme is not
eligible for application of this scheme.
üLoan accounts must not
be under NPA Status.
Application Details of Abhinandan Scheme:
Applicant’s First Name*
Middle Name
Last Name*
Father’s Fist Name*
Middle Name
Last Name*
Or,
Legal Guardian’s First
Name*
Middle Name
Last Name*
Date of Birth*
Gender*
Permanent Address*
State*
District*
Pin Code*
Mobile No*
Alternate Contact No (Others/Mobile No)
Pan No*
Email id
Loan Details of Abhinandan Scheme:
Enter IFSC (Loan Issuing
Branch)*
Bank Name*
Bank Branch*
Loan Account No*
Loan Sanction Amount*
Loan Sanctioned On*
Supporting Documents of Abhinandan Scheme:
Loan Proof* (Any One)
üLoan Sanction Letter
üLoan Account Passbook
üLoan Statement
Address
Proof* (Any One)
üDriving License
üPassport
üRation Card
üVoter Id
üPermanent Resident
Certificate (PRC)
üAadhaar Card
PAN Card
Proof*
üPan Card
Important date of Abhinandan Scheme:
ü20th
September 2020
_____________________________________________________
FAQ-Abhinandan Education Loan Subsidy Scheme
1.
What is the Abhinandan Education Loan subsidy (AELS) scheme?
Abhinandan Education
Loan subsidy scheme is program by government of Assam to provide Rs. 50,000/-
to all loanees who have availed education loans sanctioned till 31st March,
2019. Further all education loans sanctioned during 2019-2020 shall also be
eligible for this subsidy.
2.
What is the objective of the Program?
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.
3.
Who are eligible to avail benefits from this scheme?
üThe scheme will cover all students who are
permanent residents of
Assam, studying in the state or outside, and have availed education loan from
any commercial bank or Regional Rural Bank.
üThere shall be no income criteria.
üHave not availed any benefit from Bidya Lakshmi Scheme.
üThe minimum education loan amount sanctioned to
avail the benefits
under the scheme shall be Rs. 1 lakhs.
üAny account, which has not been classified as
Non-Performing Asset
(NPA) i.e. defaulting by the bank under Reserve Bank of India norms, will be
eligible under the scheme.
4.
Education loans availed during which time period duration is applicable for
this scheme?
An education loan that
has been sanctioned till 31st March 2019 is 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.
5.
Are personal loans taken to pursue education shall be subsidized under this
scheme?
No, only education loans
shall be subsidized under this scheme.
6.
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.
7.
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.
8.
What should the applicant do after the submission of application?
After successful
submission of application, the application should take a print of the
application form and keep it safely for future reference.
9.
What details shall be required to be filled in the online form?
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.
10.
What are the documents required to be uploaded?
Applicant has to upload
documents as proof of address, copy of pan card and proof of education loan
availed.
11.
What are the proofs shall be valid for address proof?
Any one of the following
documents shall act as proof of address
üPRC Certificate
üRation Card
üAadhaar Card,
üDriving License,
üVoter Card,
üPassport
12.
What all proofs shall be valid as loan proof?
Any one of the following
documents shall act as proof of identity
üLoan Sanction Letter
üLoan Account Passbook Page showing details of the
loan
üLoan Account Statement
These documents can be
obtained from the branch of bank from which the loan has been availed.
13.
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.
14.
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.
15.
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.
16.
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.