|Assam| Aponar Apon Ghar Home Loan Subsidy Scheme 2024

Aponar Apon Ghar Home Loan Subsidy Scheme Apply Online & Application Form | Aponar Apon Ghar Home Loan Subsidy Scheme Check Subsidy Amount & Last Date | Aponar Apon Ghar Home Loan Subsidy Scheme Check Features & Benefits | Aponar Apon Ghar Home Loan Subsidy Scheme Check Repayment Tenure & Documents | Aponar Apon Ghar Home Loan Subsidy Scheme Check Eligibility & All Details |

The Assam Government has launched the Aponar Apon Ghar Home Loan Subsidy Scheme. It offers a subsidy of Rs. 2.5 lakh on home loans up to Rs. 40 lakh. This subsidy is exclusively for first-time homebuyers who have not previously taken loans under the Apun Ghar Scheme. Interested individuals can apply online by filling out a registration/application form and checking subsidy details.

Through this article, we will provide you with all types of information about the Aponar Apon Ghar Home Loan Subsidy Scheme 2024 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share with you the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Aponar Apon Ghar Home Loan Subsidy Scheme

Now the residents of Assam state will be able to get subsidies on home loans based on the loan amount that has been borrowed by them. For this, they will need to apply online for the Aponar Apon Ghar Home Loan Subsidy Scheme. An amount of Rs. 2.50 lakhs will be provided in the form of a subsidy if the applicant is borrowing a loan amount of Rs. 40 lakhs. One can apply online before the last date.

There are various applicants belonging to the poor and needy sections of society who want to undertake loan amounts to construct and renovate their houses but can’t be able to do so due to the high rate of interest charged on the loan borrowing amount. Keeping this thing in mind Aponar Apon Ghar Home Loan Subsidy Scheme has been launched so that the residents of Assam state will be able to undertake loans after availing of the subsidy amounts being offered to them.

Highlights Of Aponar Apon Ghar Home Loan Subsidy Scheme

The highlights of this scheme are as follows:- 

Objectives Of Aponar Apon Ghar Home Loan Subsidy Scheme

The major objective of launching the Aponar Apon Ghar Home Loan Subsidy Scheme is to provide subsidy amounts to applicants who are going to borrow loan amounts from the banks in order to construct their houses. This scheme will only apply to the residents of Assam state. The applicants will not have to pay larger amounts of interest rates. 

Another objective of launching the Assam Aponar Apon Ghar Home Loan Subsidy Scheme is to provide financial assistance and support to individuals who want to buy their own houses. This scheme offers subsidies on home loan interest rates, making it more affordable for people to purchase property and fulfil their dream of owning a home.

Beneficiary Category 

It is also based on the beneficiary category that the applicants will be able to carry out the benefits of this scheme after getting selection which will be done based on the beneficiary category that has been affixed. This scheme can be undertaken by the residents of Assam state wanting to undertake loan amounts for building houses. 

Ineligible Beneficiaries 

The below-mentioned beneficiaries will be considered ineligible to apply online:- 

• Individuals who are not permanent residents of Assam state.
• Applicants who have not availed housing loans from any Scheduled Commercial Bank, Regional Rural Banks, or Assam Cooperative Apex bank within the state.
• Families whose total income from all sources exceeds Rs. 20 lakhs.
• Individuals who have not availed of housing loans of more than Rs. 5 lakhs and sanctioned by the bank on or after 1 April 2019.
• Individuals who have already benefited under the Apon Ghar scheme.
• Applicants whose loan accounts are under NPA (Non-Performing Assets) status.
• Individuals who already own a home and this would not be their first home as a composite family.

Aponar Apon Ghar Home Loan Subsidy Scheme Subsidy Amounts 

The amount of subsidy provided based on the loan amounts is as follows:- 

Aponar Apon Ghar Home Loan Subsidy Scheme Last Date

The students will be able to get an online registration after applying online under this scheme. The last date for online form submission has not yet been released by the selection body. Whenever it is released, we will update you through this article till then you can wait for a moment.

Aponar Apon Ghar Home Loan Subsidy Scheme Repayment Tenure

Borrowers have the choice to opt for either fixed monthly instalments or flexible repayments based on their financial capabilities. The scheme also offers an extended tenure, ranging from 5 years up to 30 years, giving borrowers ample time to repay their loan amount comfortably. This flexibility allows individuals to plan their finances efficiently and choose a repayment option that suits their needs.

Economic Empowerment

Economic empowerment is at the core of this scheme. By making home loans accessible to a wider segment of the population, individuals are empowered to realize their dream of homeownership. This infusion of financial resources stimulates economic growth, as homebuyers may now invest in various household-related needs such as furniture, appliances, and renovation.

Poverty Alleviation

Poverty alleviation is a pivotal outcome of the Aponar Apon Ghar Home Loan Subsidy Scheme. By enabling individuals from lower socioeconomic backgrounds to own homes, the scheme breaks the vicious cycle of poverty and provides families with a stable and secure living environment. Owning a home serves as a stepping stone for generational progress and wealth accumulation.

Encourages Entrepreneurship

Entrepreneurship is further encouraged through this scheme. By giving individuals the opportunity to own their homes, they are provided with a stable base from which they can explore and pursue entrepreneurial endeavours. Homeownership offers security and stability, allowing aspiring entrepreneurs to utilize their resources in seeking new business opportunities. 

Infrastructural Development

Infrastructural development is a key result of the Aponar Apon Ghar Home Loan Subsidy Scheme. As more individuals can afford homes, the demand for infrastructure such as roads, utilities, and public amenities increases. This, in turn, drives investments in the expansion and improvement of infrastructure, leading to better living standards for residents.

Supervision Body

The Aponar Apon Ghar Home Loan Subsidy Scheme is overseen by a dedicated supervision body that ensures the smooth implementation and functioning of the scheme. This body consists of representatives from various government departments and agencies, as well as experts from the housing sector. Their primary responsibility is to monitor the progress of the scheme and address any issues or concerns that may arise.

Key Guidelines

Some key guidelines are as follows:-

• Eligibility Criteria: To avail of the benefits under this scheme, individuals must meet certain eligibility criteria set by the government. These criteria may include factors such as income level, employment status, and citizenship.
• Loan Amount: The scheme provides a subsidy on the home loan amount, which is determined based on the applicant’s income and the cost of the property.
• Interest Rate: The scheme offers a subsidized interest rate on the home loan, making it more affordable for borrowers.
• Documentation: Applicants are required to submit all necessary documents, including income proof, identity proof, and property-related documents, as per the guidelines specified by the supervision body.
• Application Process: Interested individuals can apply for the scheme through the designated application process, which may involve online submission or physical submission of forms.
• Verification and Approval: Once the application is submitted, it undergoes a thorough verification process to ensure compliance with the scheme’s guidelines. Upon successful verification, the loan application is approved.
• Disbursement of Funds: The sanctioned loan amount is disbursed to the applicant’s bank account, which can then be utilized for the purchase or construction of the house.
• Monitoring and Evaluation: The supervision body regularly monitors the progress of the scheme and conducts evaluations to assess its impact and effectiveness.
• Repayment: Borrowers are required to repay the home loan in accordance with the terms and conditions specified by the lending institution.
• Subsidy Period: The subsidy provided under the scheme is applicable for a specific period, as determined by the government. It is important for beneficiaries to be aware of the duration of the subsidy and plan their finances accordingly.

Important Instructions

Some important instructions are as follows:-

• Read the scheme guidelines thoroughly before applying to ensure eligibility and understanding of the process.
• Submit all required documents accurately and within the specified timeline to avoid delays in processing.
• Keep track of the progress of your application through the designated channels or helpline numbers provided by the supervision body.
• Seek clarification from the supervision body or authorized representatives if you have any doubts or queries regarding the scheme.
• Ensure timely repayment of the home loan to maintain a good credit history and avoid any penalties or legal consequences.
• Utilize the subsidy amount wisely and prioritize the construction or purchase of the house to maximize the benefits of the scheme.
• Stay updated with any changes or updates to the scheme guidelines or eligibility criteria to avoid any discrepancies.
• Maintain transparency and honesty throughout the application and verification process to avoid any legal implications.
• Explore other housing schemes or financial assistance programs that may complement or supplement the benefits provided under this scheme.
• Spread awareness about the Aponar Apon Ghar Home Loan Subsidy Scheme among eligible individuals to ensure maximum participation and benefit.

Tips and Tricks

Some tips and tricks are as follows:-

• Start planning and preparing your documents well in advance to avoid any last-minute rush or confusion.
• Consult with housing experts or financial advisors to understand the scheme better and make informed decisions.
• Compare and evaluate different lending institutions to choose the one offering the most favorable terms and conditions.
• Consider the long-term financial implications of the home loan and assess your repayment capacity before finalizing the loan amount.
• Keep track of any updates or announcements related to the scheme through official government websites or authorized sources.
• Network and connect with other beneficiaries of the scheme to learn from their experiences and gain valuable insights.
• Maintain a record of all communication and documentation related to the scheme for future reference or clarification.
• Regularly review your financial situation and assess the need for any additional financial assistance or support.
• Stay proactive and follow up with the supervision body or lending institution if there are any delays or issues in the loan disbursement process.
• Celebrate and cherish the milestone of owning your own home, made possible through the Aponar Apon Ghar Home Loan Subsidy Scheme.

General Points to Remember

Some points to note are as follows:-

• Ensure compliance with all legal and regulatory requirements related to the scheme.
• Be patient and persistent throughout the application and approval process, as it may take time to complete all formalities.
• Keep all original documents safe and secure, and make copies for reference or future use.
• Seek professional advice or assistance if you encounter any difficulties or challenges during the scheme implementation.
• Stay updated with any changes or modifications to the scheme through official government channels or authorized communication.
• Remember that the Aponar Apon Ghar Home Loan Subsidy Scheme is a privilege and an opportunity to fulfill your dream of owning a home.

Benefits Of Aponar Apon Ghar Home Loan Subsidy Scheme

The benefits of this scheme are as follows:-

• Applicants will be able to construct their houses.
• This will also promote entrepreneurship opportunities.
• One can repay the loan amount within the stipulated amount of time that has been fixed.
• This will also reduce poverty issues.
• One can apply online before the last date to get faster registration.
• There will be an infrastructure improvement.

Features Of Aponar Apon Ghar Home Loan Subsidy Scheme

The features of this scheme are as follows:-

• The State Government of Assam has launched the Aponar Apon Ghar Home Loan Subsidy Scheme.
• The benefit of this scheme can be undertaken by the residents of Assam state.
• Applicants will be given subsidies on the loan amounts that have been borrowed by them.
• The subsidy amount will vary based on the loan amounts being borrowed by them.
• The last date to apply online will be updated soon.
• For getting more information, one can visit the official website.

Aponar Apon Ghar Home Loan Subsidy Scheme Eligibility Criteria 

The applicants will need to follow the below-mentioned points to apply online for this Assam Aponar Apon Ghar Home Loan Subsidy Scheme:- 

• The applicant must be a resident of Assam state.
• He or she must be wanting to undertake loan amounts. 
• The applicant must be borrowing loans from Scheduled Commercial Bank, Regional Rural Banks, Assam Cooperative Apex Bank, etc. 
• The total income of the family from all earning sources must not exceed Rs. 20 Lakhs. 

Important Documents 

The applicants will need to affix the below-mentioned documents required to apply online for the Assam Aponar Apon Ghar Home Loan Subsidy Scheme:-

• Aadhar Card 
• Residence Proof 
• Annual Income Certificate
• Loan Documents Related to Home Loan Amount
• Bank account details
• Email ID
• Phone No 

Aponar Apon Ghar Home Loan Subsidy Scheme Apply Online 

The applicants will need to follow the below-mentioned points to apply online for this scheme:-

• The applicant will need first to visit the Official Website.

• Now you will land on the main page where the details of this scheme will be displayed.
• Click on the link to the Application Form.

• The PDF form will be displayed.
• Download it.
• Then print out this form.
• Now read the details that have been demanded by them.
• Then fill out this form.
• Attach the relevant documents with this form. 
• Now send this form to the relevant office address or email ID. 

Reading FAQs 

The applicants will need to follow the below-mentioned points to read the FAQs for Assam Aponar Apon Ghar Home Loan Subsidy Scheme:- 

• Open the official website.
• Now you will land on the homepage where you will need to click on the More button.
• Then click on the FAQ link. 

• The FAQs will be displayed on your screen.
• Read them carefully. 

Submitting Feedback 

The applicants will need to follow the below-mentioned points to submit feedback:- 

• Open the official website.
• Now you will land on the homepage where you will need to click on the More button.
• Then click on the Feedback Link.

• The feedback form will be displayed on your screen. 
• Now click on the Submit button. 

Getting Contact Details 

The applicants will need to follow the below-mentioned points to get contact details for the Assam Aponar Apon Ghar Home Loan Subsidy Scheme:-

• The applicant will need first to visit the official website.
• The homepage will be displayed on your screen.
• Now you will need to click on the Contact Us link.

• The contact details will be displayed on the screen.

Contact Information

In case if you have any doubts or questions coming to your mind regarding the Aponar Apon Ghar Home Loan Subsidy Scheme, then you can contact the mentioned office address, contact no, and email ID:-

• Office Address:- 
  • Principal Secretary to the Government of Assam, Finance Department
  • 3rd Floor, 
  • Chief Minister’s Block
  • Janata Bhawan
  • Dispur,
  • Guwahati: 78100
• Contact No:- 0361-2237054
• E-mail ID:- samirksinha@gov.in