Assam Abhinandan Education Loan Subsidy Scheme 2024 Online Applicataion/ Registration Form

Hello readers, today we will talk about the “Abhinandan Education Loan Subsidy Scheme” launched by the Assam government. Let us tell you that the Assam Government has launched अभिनंदन शिक्षा ऋण सब्सिडी योजना 2024 for students. Under the scheme, the government will encourage students to pursue higher studies by providing subsidies on education loans. CM Sarbananda Sonowal spoke of giving Rs 50,000 of education loan subsidy to 1,546 students. Students can check eligibility criteria and apply online for Assam Yojana at to get their names listed in the list of beneficiaries.


Assam Education Loan Subsidy 2024

The scheme is a move by the state government of Assam to encourage students to pursue higher education and support them financially. On 26 December 2019, the scheme was announced at the Srimanta Sankardev International Auditorium by the Honorable Chief Minister Sarbananda Sonowal in the presence of Finance Minister Himanta Biswa Sarma, Education Minister Siddharth Bhattacharya, several senior officials of the State Finance Department, and senior officials of financial institutions like SBI.

Under the Assam Govt’s Abhinandan Education Loan Subsidy Scheme, students and their parents who have taken an education loan of Rs 1 lakh and above can enroll in this loan waiver scheme before 31 March 2024. Please continue reading ahead.


What is Abhinandan Education Loan Subsidy Scheme?

The Assam government has taken various initiatives to maximize educational opportunities for the students of the state. This includes scholarships, free admission to educational institutions, distribution of free textbooks, etc. Now the new progressive education loan subsidy scheme will be implemented in a phased manner. This Assam Education Loan Subsidy Scheme will immensely help the students availing of loans. The scheme will cover all commercial banks like Federal Bank and HDFC and Assam Rural Regional Bank like Assam Rural Banks. The entire process of applying online for this scheme is given in the article below.

Assam Education Loan Subsidy Yojana – Key Highlights

Name of Scheme Abhinandan Education Loan Subsidy Scheme
State Assam
Academic Year 2024-25
Objective Provide loan waivers to students of Assam who have availed of education loans
Benefits One time subsidy of Rs 50,000 shall be deposited in the loan amount
Official website
Post-category State Govt Scheme

Eligibility for Assam Education Loan Subsidy Scheme

To avail the benefit of the Abhinandan Yojana, the following eligibility is required:

  • The applicant student should be a permanent resident of Assam.
  • Education loans should be taken from a commercial or regional rural bank recognized by the Reserve Bank of India (RBI).
  • Education loan should be a minimum of Rs 1 lakh.
  • All loans should have been approved before 31 March 2024.

Note – Assam Yojana includes education loans sanctioned after 31 March 2019, but in that case, education loan subsidy will be provided only after 25% of the total sanctioned loan amount. No minimum income criteria have been set to benefit the students.

Exceptions to Abhinandan Shiksha Rin Subsidy

There are 2 exceptions to Assam Education Loan Subsidy Yojana, all students will not be able to avail the scheme in the following cases.

  • Education Loans NPA Status => NPAs or Non-Performing Assets refer to loans that have been declared in default or are on the verge of being declared so. This typically occurs when the repayment installments of loans are “due to the past” for a specific time period. In general, all banks declare education loans as NPAs after a specified period of 90 days.
  • Education loan is benefited from Vidya Lakshmi Yojana => 2 types of exemption refers to education loan under Vidya Lakshmi Yojana. The scheme was launched in 2017 by the state government to assist the employees. The main features of Vidya Lakshmi Yojana are as follows:
    1. Under this scheme, all state government employees can get an education loan of Rs 5 to 10 lakhs.
      The rate of interest will be 4%.
    2. All those individuals who want education loans above Rs 10 lakh can avail of this type of loan from the State Bank of India (SBI).
    3. However, the government benefit will be limited to Rs 10 lakh.
    4. No collateral or security charges up to Rs 10 lakh will be charged.

How to Apply Online for Assam Education Loan Scheme?

To apply for Assam Assam Education Loan Scheme, you have to follow the steps given below:

  1. First of all, you have to visit the official website of the Finance Dept, Govt of Assam.
  2. Select the link ‘Assam Education Loan Subsidy Scheme’ and then click on the “Apply” button.
  3. After that, the Application Form for Release of Subsidy will open.
  4. Fill out the Abhinandan Yojana application form and upload the supporting documents.
  5. Finally, enter the required details and click on the “Submit” button to complete the application process.

List of Required Documents

Here you need the following supporting documents for online application submission.

  • Loan Proof (Sanction Letter, Account Passbook, Statement)
  • Address Proof (Driving License, Passport, Ration Card, Voter ID, Aadhaar Card, etc)
  • PAN Card Proof
  • Other related documents


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