• Applicants must be permanent residents of Assam.
• The student's parent(s) must have an education loan exceeding ₹1,00,000 from a recognized bank.
• Applicants must have repaid a minimum of 25% of the sanctioned education loan amount to qualify for the subsidy.

The Assam Government provides a subsidy of ₹50,000 on education loans up to ₹1,00,000 for eligible students who have repaid 25% of their loan amount. This scheme encourages students to pursue education by alleviating financial burdens through subsidies on loans from commercial and regional rural banks.

• Aadhaar Card of the student
• Identification documents of the parent(s)
• Bank loan documents, including sanction letter and repayment statements
• Domicile certificate to prove residency in Assam

To apply for the Assam Abhinandan Education Loan Subsidy Scheme, follow these steps:

Step 1: Click the 'Apply Now' button.

Step 2: Register on the portal by clicking the 'Register' button and filling in the required details. If already registered, log in with your email ID.

Step 3: Navigate to the 'Schemes' section.

Step 4: Find the 'Abhinandan Education Loan Scheme' and click on it.

Step 5: Click on the 'Finance Department' button.

Step 6: Follow the on-screen instructions to begin your application.

Step 7: Complete the online application form with the necessary information and upload the required documents.

Step 8: Submit the application by clicking the 'Submit' button.

The selection process is based on fulfilling the eligibility criteria, including residency, loan amount, and repayment status. Priority is given to applicants who meet all requirements and have successfully completed the initial steps of loan repayment.

This scheme is active from December 26, 2019, to November 25, 2029. Loans must be sanctioned before March 31st of each year to qualify for the subsidy.