The Apun Bahan Scheme Assam 2024 is a progressive initiative by the Assam government aimed at providing financial assistance to government employees for purchasing motor vehicles.
This scheme offers loans at subsidized interest rates, making it easier for employees to own vehicles. Male employees can avail of loans at an interest rate of 2% for petrol or diesel vehicles and 3% for electric vehicles, while female employees can avail loans at a flat 3% interest rate for all types of vehicles.
The program reflects the Assam government’s commitment to improving the quality of life for its employees by enabling them to achieve vehicle ownership.
Objective of the Apun Bahan Scheme Assam
The main objective of the scheme is to support government employees in Assam in buying their own vehicles. By providing low-interest loans, the initiative allows employees to overcome financial barriers associated with vehicle purchases.
The government also ensures direct transfer of subsidies to the salary accounts of applicants, making the process seamless and transparent. The maximum loan amount is capped at ₹15 lakh or 48 times the applicant’s net monthly income, whichever is lower.
Key Highlights of the Scheme
The Apun Bahan Scheme Assam was launched by the Assam government to provide financial aid for vehicle purchases. Its primary aim is to enhance the well-being of government employees. Beneficiaries of the scheme are limited to government officials in Assam who meet specific eligibility criteria.
| Name of the scheme | Apun Bahan Scheme Assam |
| Launched by | Government of Assam |
| Objective | Provide various benefits |
| Beneficiaries | Citizens of Assam |
| Official website |
Eligibility Criteria
To avail the benefits of the scheme, applicants must fulfill the following conditions:
- The applicant must be a government employee in Assam.
- The age of the applicant must be between 21 and 53 years.
- The applicant should have completed at least 7 years of service in the Assam government.
- The applicant’s family income should not exceed ₹3 lakh per annum.
Benefits of the Apun Bahan Scheme Assam
The scheme offers numerous benefits to government employees in Assam:
- Low-Interest Loans: Male employees can secure loans at 2% interest for petrol/diesel vehicles and 3% for electric vehicles. Female employees receive loans at a flat 3% interest rate for all vehicle types.
- Direct Subsidy Transfer: Subsidies are directly credited to the applicant’s salary account, ensuring ease of access.
- Flexible Loan Repayment: Beneficiaries can choose a repayment period of 3 to 7 years based on their financial convenience.
- Accessible Vehicle Ownership: Employees can achieve their dream of owning a vehicle without significant financial stress.
Required Documents
Applicants need to provide the following documents when applying for the scheme:
- Aadhaar Card
- Email ID
- Mobile Number
- Electricity Bill
- Address Proof
- PAN Card
- Passport-Sized Photo
Additionally, a due and drawal statement of the applicant’s salary, certified by the Drawing and Disbursing Officer (DDO), must be included.
Loan Amount and Repayment Process
The maximum loan amount under the scheme is ₹15 lakh or 48 times the net monthly income, whichever is lower. The repayment period for the loan ranges from 3 to 7 years, providing flexibility to the beneficiaries.
Application Process for Apun Bahan Scheme Assam 2024
Government employees interested in the scheme can follow these steps to apply:
- Collect the application form and required documents from the designated bank.
- Submit the completed application form, along with all necessary documents, to the Drawing and Disbursing Officer (DDO).
- The DDO will verify the documents and forward the application to the concerned bank.
- The bank will review the application and determine the applicant’s eligibility.
- If approved, the loan amount will be transferred directly to the applicant’s salary account.
This streamlined process ensures a hassle-free experience for applicants and promotes transparency in loan disbursement.
Contact Details
For further assistance regarding the scheme, applicants can contact the helpline number: 781006.
FAQs
Which state introduced the Apun Bahan Scheme Assam 2024?
The scheme was launched by the Assam state government.
What is the maximum loan amount under the scheme?
The maximum loan amount is ₹15 lakh or 48 times the applicant’s net monthly income, whichever is lower.
Who is eligible for the scheme?
Government employees in Assam who have completed at least 7 years of service and meet other eligibility criteria are eligible.
The Apun Bahan Scheme Assam 2024 is a significant step by the Assam government to empower its employees by offering financial assistance for vehicle purchases. With attractive interest rates, flexible repayment terms, and direct subsidy transfers, the scheme ensures that beneficiaries can achieve their aspirations of vehicle ownership with ease and convenience.
