Assam Apun Bahan Scheme Apply Online & Application Form | Assam Apun Bahan Scheme Check Loan Amount & Last Date | Assam Apun Bahan Scheme Check Features & Benefits | Assam Apun Bahan Scheme Check Subsidy %age & Age Limit | Assam Apun Bahan Scheme Check Eligibility & All Details |
Now the residents of Assam state will be able to purchase a vehicle or motor after applying online for Assam Apun Bahan Scheme. This scheme will only be applicable to the residents of Assam state. The applicants will be able to avail the loan amounts that can be used by them for purchasing vehicles. A 3% subsidy will be applicable to the loan amounts that will be covered.
Through this article, we will provide you with all types of information about the Assam Apun Bahan Scheme 2023 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.
Assam Apun Bahan Scheme
The Chief Minister of Assam Shri Himanta Biswa Sharma has launched the Assam Apun Bahan Scheme so that the government will be able to lend loan amounts to the residents of Assam for purchasing vehicles. Loans can be borrowed from Regional Rural Banks, Scheduled Commercial Banks, and Assam Cooperative Apex Bank, which are being Recognised by the Reserve Bank of India.
The State Government of Assam has launched the Assam Apun Bahan Scheme so that the applicants or residents of this state will be able to purchase Petrol or Diesel Vehicles after getting the loan amounts. A 2% to 3% subsidy will be provided to the applicants at the time of purchasing vehicles via loan amounts. One can apply online before the last date.
Highlights of Assam Apun Bahan Scheme
The highlights of this scheme are as follows:-
| Name Of The Scheme | Assam Apun Bahan Scheme |
| Launched By | State Government of Assam |
| Delegated State | Assam |
| Allotted Portal | Will be updated soon |
| Delegated Ministry | Ministry of Electronics & Information Technology |
| Objective | To provide subsidies on loan amounts to purchase vehicles |
| Benefit | Applicants will be able to purchase vehicles |
| Applicable To | Citizens of Assam |
| Beneficiaries | Applicants wanting to purchase vehicles after availing of loan amounts |
| Beneficiary Categories | Female/Male/Disabled Employees |
| Age Limit | 21 to 53 Years |
| Beneficiary Limitation | 36,169 |
| Budget Amount | Rs. 108 Crores |
| Loan Repayment Tenure | 7 Years |
| Mode Of Transfer | DBT (Direct Benefit Transfer) |
| Payment Mechanism | e-payment mechanism |
| Form of Benefit | Loan amount |
| Subsidy %age | 2% to 3% |
| Incentive Transferral | Monthly/Annual/One-Time Payment Basis |
| Maximum Loan Amount | Rs. 15 Lakhs |
| Hosting Site | National Information Center (NIC) |
| Last Date To Apply Online | Will be updated soon |
| Mode Of Application | Online |
| Official Website | Will be updated soon |
Objectives of Assam Apun Bahan Scheme
The main objective of launching the Assam Apun Bahan Scheme is to provide loan amounts on subsidized rates to purchase vehicles to make transportation more affordable for individuals. By offering loans at reduced interest rates, these schemes aim to encourage people to acquire vehicles and improve their accessibility to work, education, and various services.
Another objective of launching the Assam Apun Bahan Scheme is to stimulate the automotive industry’s growth by increasing vehicle sales. These schemes attract potential buyers who may have otherwise been discouraged by the high cost of purchasing a vehicle outright or through conventional loans. By providing loans at subsidized rates, these schemes make vehicles more affordable.
Eligible Beneficiaries
The list of eligible beneficiaries is as follows:-
- Male Employees
- Female Employees
- Disabled Employees
Age Limit
The age limit that will be applicable is as follows:-
| Minimum Age Limit | 21 Years |
| Maximum Age Limit | 53 Years |
Beneficiary Target
It is only on the basis of the beneficiary target or limitation that the total no. of applicants will be given selection or will be selected. The applications will be accepted according to the beneficiary target or limitation. A total of 36,159 applicants will be given from male, female, and disabled employees who will be able to purchase vehicles.
Budget Allocation
It is only on the basis of the budget amount that has been allocated, the government will be able to carry out the successful and effective implementation of this scheme which will make sure that each applicant has availed of the benefits of this scheme. An amount of Rs. 108 Crores has been fixed in advance in the form of a budget that will be used.
Assam Apun Bahan Scheme Last Date
The online application deadline for this newly launched scheme has not been announced on social media networks yet. Once the last date for form submission is revealed, we will promptly update this article to ensure you don’t miss out on the opportunity to register. For getting more information, one can also visit the official website.
Assam Apun Bahan Scheme Applicable Subsidy
The subsidies that will be applicable are as follows:-
| Vehicle Type | Subsidy %age |
| Diesel or Petrol Vehicles | 2% |
| Electric Vehicles | 3% |
Maximum Loan Amount
The loan amount that can be availed by the applicants or residents of Assam state has also been fixed in advance so that the applicants will be able to avail the maximum loan amounts according to the limit that has been set up or fixed. An amount of Rs. 15 Lakh can be undertaken or borrowed by the applicants in the form of loan amounts.
Loan Repayment Tenure
The loan repayment tenure is fixed at 7 years, which means borrowers have a period of 84 months to pay off their loan. This time frame allows individuals to spread out loan repayments over a longer period, reducing the monthly burden. With a 7-year tenure, borrowers can plan their finances accordingly and ensure timely repayments.
Registered Banks
The list of registered banks is as follows:-
- Regional Rural Banks
- Scheduled Commercial Banks
- Assam Cooperative Apex Bank
Enhanced Safety Standards
Subsidies can be used as an incentive to promote the purchase of vehicles that meet or exceed safety standards. By reducing the financial burden, individuals are more likely to invest in vehicles equipped with advanced safety features. This leads to a safer driving environment and reduces the number of accidents and associated fatalities.
Benefits Of Assam Apun Bahan Scheme
The benefits of this scheme are as follows:-
- Applicants will be able to purchase vehicles.
- Subsidies provided to them at the time of availing loan amounts will help them to purchase vehicles.
- There are around 36,159 applicants who will be able to get subsidies on the loan amounts.
- The proper and effective implementation of this scheme will take place because the budget amount has been sanctioned.
- One can apply online before the last date for getting timely registration.
- The applicants will be able to carry out rides easily.
Features Of Assam Apun Bahan Scheme
The features of this scheme are as follows:-
- The Chief Minister of Assam Shri Himanta Biswa Sharma has launched the Assam Apun Bahan Scheme.
- This scheme has been launched with the active support of the Assam State Government.
- The residents of Assam state will be able to apply online.
- A 2% to 3% subsidy will be provided on the basis of the vehicle type the applicant wants to purchase.
- A total of 36,159 applicants will be given selection.
- A maximum amount of Rs. 15 lakhs can be undertaken by the applicant in the form of loan.
Assam Apun Bahan Scheme Eligibility Criteria
The applicants will need to attain the below-mentioned points to apply online:-
- The applicant must be a resident of Assam state.
- He or she must be a male/employee or a Disabled employee.
- The age limit must be 21 to 53 years.
Important Documents
Some of the important documents required to apply online for this scheme are as follows:-
- Aadhar Card
- Age Proof
- Pan Card
- Employee ID Card
- Permanent Resident
- Loan Documents
- Loan Period Documents
- Bank Passbook
- Canceled Check
- Income Certificate
- Bank Statement
- Passport Size Photo
- Email ID
- Phone No
Assam Apun Bahan Scheme Apply Online
As this scheme has been recently launched no such information has been released with the help of various social networking sites regarding the application procedure to apply online for the Assam Apun Bahan Scheme nor the official website. Whenever the application procedure will be launched, we will update you through this article.