Abhinandan Education Loan Assam 2020: Apply Online Rs.50000 @ Student Loan
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Abhinandan Education Loan Assam 2020: Apply Online Rs.50000 @ Student Loan

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*


Legal Guardian’s First Name*
Middle Name
Last Name*

Date of Birth*

Permanent Address*
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


üRation Card

üVoter Id

üPermanent Resident Certificate (PRC)

üAadhaar Card

PAN Card Proof*

üPan Card

Important date of Abhinandan Scheme:

ü20th September 2020

Important Web link of Abhinandan Scheme:

Apply Online: Click Here


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,


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.