How to apply for 'Abhinandan' Education Loan Scheme?-Eligibility Criteria for 'Abhinandan'

How to apply for 'Abhinandan' Education Loan Scheme?

How to apply for 'Abhinandan' Education Loan Scheme?

Govt of Assam Chief Minister Sarbananda Sonowal formally launched the ‘Abhinandanscheme on 26th December 2019 by distributing subsidy sanction letters against education loans availed by students to pursue higher education. The programme was held at Srimanta Sankardev Kalakshetra in Guwahati. 

As a part of the scheme, CM  on Thursday distributed one time subsidy of Rs. 50,000 in education loan to 1546 students.
The Loan Subsidy Scheme benefits 1500 students in the first batch and 3000 students will earn benefit in the second batch.

The scheme will be available through all commercial banks like the Federal Bank and HDFC and also the regional rural banks like Assam Gramin Vikash Bank within Assam.

Through this subsidy scheme, the
Assam govt aims to reinforce its education infrastructure and urge more students to pursue higher education.

Eligibility Criteria/s for 'Abhinandan' Education Loan Scheme: 

  • Applicant should be a permanent resident of Assam
  • Education loan from any Scheduled Commercial Bank or Regional Rural Bank within the state.
  • No income criteria.
  • Education loans sanctioned before 31st March 2019, amounting Rs. 1 Lakh or more.
  • For all education loans sanctioned since 1 April 19, after disbursement of 25% of the sanctioned loan amount.

How to apply for 'Abhinandan' Education Loan Scheme?

Step 1 : Visit the official website of the Assam Government
Step 2 :  Select the Abhinandan Education Loan Scheme

Step 3 :
 Fill out the application form

Step 4 : 
Upload the documents

Step 5 :
 Click on Final Submit

Once the application is approved, the subsidy amount will directly be deposited into your education loan account.

Get the direct link to access the Abhinandan Education Loan Scheme by clicking here.

Exceptions to 'Abhinandan' Education Loan Scheme: 


The minister, however, announced 2 exceptions to the scheme. Students won’t be able to enjoy the benefits of Abhinandan Education Loan Subsidy Scheme if:
  • Their education loan falls under the NPA status.
  • Their education loan is also benefited by the “Bidya Lakshmi” scheme.

Explanation of above two criteria:
  • NPA or Non-Performing Assets refer to those loans which have been declared in default or are on the verge of being declared so. This happens when the repayment instalments of the loan are “past due” for a specific period of time. Generally, banks declare Education Loans as NPA after a period of 90 days.
Bidya Lakshmi
  • The second exemption refers to education loans sanctioned under the “Bidya Lakshmi” scheme. The Bidya Lakshmi education loan for higher education scheme was launched by the government in 2017 to assist the state govt. employees.

Direct Link for Apply Online: Click Here

FAQ- Abhinandan Education Loan Subsidy Scheme

1. What is the Abhinandan Education Loan subsidy (AELS) scheme?
Ans:- 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?
Answer:- 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?
  • The 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.
  • There shall be no income criteria.
  • Have not availed any benefit from Bidya Lakshmi Scheme.
  • The minimum education loan amount sanctioned to avail the benefits under the scheme shall be Rs. 1 lakhs.
  • Any 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?
Ans:- Education loans that has been sanctioned till 31st March 2019 are 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?
Ans:- No, only education loans shall be subsidized under this scheme.
6. Is Finance Department of Government of Assam providing education loans?
Ans:- 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?
Ans:- Applicant has to visit the website ‘’; 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?
Ans:- 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?
Ans:- 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 document required to be uploaded?
Ans: 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?
Ans:- Any one of the following documents shall act as proof of address
  • PRC Certificate
  • Ration Card
  • Aadhaar Card,
  • Driving License,
  • Voter Card,
  • Passport
12. What all proofs shall be valid as loan proof?
Ans:- Any one of the following documents shall act as proof of identity
  • Loan Sanction Letter
  • Loan Account Passbook Page showing details of the loan
  • Loan 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?
Ans:- 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?
Ans:- 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?
Ans:- Applicant can track their status of application using registered mobile number and application number/loan account number.
16. Where can I lodge my grievance?
Ans:- 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.