Applicants must be permanent residents of the state of Assam.
The student’s parent(s) must have an education loan exceeding ₹1,00,000.
Note:-
Benefits are limited to education loan subsidies.
A loan from a commercial or rural bank, recognised by the Reserve Bank of India is mandatory to be eligible for this scheme.
The Government of Assam will provide a subsidy of ₹50,000 to students on education loans up to ₹1,00,000. All eligible students can apply for the subsidy by repaying 25% of their loan amount.
Note:-
Subsidies are available only for loans taken from commercial banks like Federal Bank and HDFC, and regional rural banks like Assam Rural Regional Bank.
The scheme aims to encourage students to take education loans by providing financial assistance.