Assam Abhinandan Education Loan Subsidy Scheme Grants ₹50,000 Subsidy

The Assam Abhinandan Education Loan Subsidy Scheme is an initiative of the Government of Assam that offers students pursuing higher education a one-time grant of ₹50,000 to help them pay off their existing education loans. According to the official notification, the subsidy will only be disbursed if the applicant has repaid at least 25% of the sanctioned education loan amount.

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The objective of this scheme is to lighten the financial burden on students and encourage them to pursue higher studies by providing subsidies on education loans. Under this scheme, the state government provides financial assistance to the families of students who have taken an education loan of more than ₹1 lakh. Students who are currently enrolled in an education program that requires them to take out an education loan can apply for this scheme online or offline.

Assam’s Chief Minister Sarbananda Sonowal launched this education loan scheme on December 26, 2019, at the Srimanta Sankardev International Auditorium. The scheme is managed by the Assam Finance Department.

The article provides a comprehensive overview of the program, including its purpose, who is eligible, how to receive benefits, and other important details.

Abhinandan Education Loan Scheme – General Overview

Name of the Scheme Assam Abhinandan Education Loan Subsidy Scheme
Provider Government of Assam
Department State Department of Finance
Category Loan subsidy scheme
Aim of the Scheme Provide financial assistance to help students in paying off their existing educational loans
Loan Subsidy Amount One-time subsidy grant of  ₹50,000
Mode of Application Online
Application Status N/A
Official Website

Abhinandan Education Loan Scheme – Eligibility Criteria

The eligibility criteria for the Abhinandan Loan Scheme are as follows:

  • Only permanent residents of Assam are eligible for the benefits of this loan subsidy scheme.
  • Applicants must provide documentation that verifies their proof of residency, such as a domicile certificate, ration card, or other relevant documents.
  • The sanctioned loan amount must be more than ₹1 lakh.
  • The subsidy is applicable to loans obtained from commercial banks such as Federal Bank and HDFC, as well as regional rural banks like Assam Rural Regional Bank. The commercial or rural banks must be recognized by the Reserve Bank of India.
  • There is no income restriction for eligibility under this scheme.

Abhinandan Education Loan Scheme – Ineligible Beneficiaries

  • Default on Loans: People who have missed loan payments for a certain period of time are not eligible for this program. A loan account is considered a non-performing asset (NPA) if the interest or monthly payment is not paid within 90 days.
  • Bidya Lakshmi Yojana: Students and government employees who have taken out educational loans of 5 lakh to 10 lakh under the Bidya Laxmi Yojana are not eligible for this program.

Abhinandan Education Loan Scheme – Objectives

The key objectives of this loan scheme are to:

  • Promote higher studies among students
  • Strengthen the education sector in Assam
  • Assist students in overcoming financial constraints
  • Enhance students’ academic capabilities
  • Enhance the human capital of the state

Abhinandan Education Loan Scheme – Documents Required

Below is a list of the essential documents required to apply for the Abhinandan Loan Scheme:

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  • ID proof (Student’s Aadhaar card)
  • PAN card
  • Residential proof
  • Proof of availing an education loan
  • Loan sanction letter
  • Loan account passbook
  • Loan statements
  • Residence certificate

Students can check details about the scheme here

Abhinandan Education Loan Scheme – How to Apply?

To apply for the Abhinandan Loan Scheme, candidates must follow the steps mentioned below:

1. Visit the official website of the Assam Government at

Abhinandan Education Loan Scheme

2. Click on the ‘Schemes‘ button to proceed.

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Abhinandan Education Loan Scheme 1

3. Scroll down on the page to locate the ‘Abhinandan Education Loan Scheme‘ and click on it.

4. Now, click on the ‘Finance Department’ button on the right-hand side of the screen.

Abhinandan Education Loan Scheme - Finance Department

5. Follow the instructions and proceed to apply for this education loan scheme.

6. Complete the online application form for the scheme by providing the necessary information and uploading the required documents, including:

  • Applicant name
  • Father’s name
  • Date of birth
  • Complete address
  • Mobile number
  • Pan Card details
  • Bank details

Abhinandan Education Loan Scheme - online application formAbhinandan Education Loan Scheme - online application form

7. Click on the ‘Submit’ button to complete the application process.

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Abhinandan Education Loan Scheme – FAQs

Q. What is the Abhinandan Education Loan Subsidy Scheme?

Ans.  The Assam Abhinandan Education Loan Subsidy Scheme is a program that provides students with a one-time grant of 50,000 to help them pay off their existing education loans. This is an effort to reduce the financial burden on students who are pursuing higher education.

Q. What is the accepted proof of residence?

Ans. Valid proof of residence documents include Aadhaar card, ration card, voter ID card, passport, and other relevant identification documents.

Q. What is the format to upload supporting documents?

Ans. The supporting documents must be in JPG, JPEG, PNG, or PDF format, and the file size of each document should not exceed 2 MB.

Q. If I am facing technical issues while applying for the Abhinandan Loan Scheme, whom should I contact?

Ans. To seek technical support, you can email your issues to

Q. What is the Basundhara Scheme in Assam?

Ans. Assam’s Basundhara Scheme has been introduced to improve land revenue services, expedite record updates, ensure prompt service delivery, and create a business-friendly environment.

Q. Can Students from other states also apply to this education loan scheme?

Ans.  No. Students who are not permanent residents of Assam are not eligible to apply for this scheme.


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