The Assam Government continues to launch impactful welfare initiatives for its citizens. Among these, the Assam Apun Bahan Scheme stands out, offering financial relief to permanent state government employees. This scheme eases access to motor vehicle loans, helping employees purchase vehicles for their families. Read this article to learn about the application process, eligibility criteria, and loan benefits under the Apun Bahan Scheme.
What is Assam Apun Bahan Scheme 2024?
Launched by Chief Minister Himanta Biswa Sharma, the Assam Apun Bahan Scheme aims to provide financial assistance to permanent state government employees. It offers interest subsidies on motor vehicle loans provided by scheduled commercial banks, regional rural banks, and Assam cooperative banks recognized by the Reserve Bank of India.
- Interest Subsidy Details:
- Male Employees:
- 2% interest subsidy for petrol/diesel vehicles.
- 3% interest subsidy for electric vehicles.
- Female and Differently Abled Employees:
- 3% interest subsidy on any vehicle type (petrol, diesel, or electric).
- Male Employees:
- Loan Limit: Up to ₹15 lakh or 48 times the employee’s monthly salary, whichever is lower.
Objectives & Benefits of the Assam Apun Bahan Scheme
- Fulfill the dream of owning a car for state employees.
- Provide interest subvention for motor vehicle loans.
- Support male, female, and differently abled employees.
- Encourage eco-friendly purchases through higher subsidies for electric vehicles.
- Ease financial burdens by offering loans with manageable repayment terms.
Loan Details
The Apun Bahan Scheme offers loans for two-wheeler and four-wheeler vehicles. Three-wheelers are not eligible.
- Loan Amount: Maximum of ₹15 lakh or 48 times the monthly salary (whichever is lower).
- Loan Tenure: 3–7 years, repaid through Equated Monthly Installments (EMI).
- Ownership: The vehicle must be registered under the employee’s name and cannot be used for commercial purposes.
- Financing: Banks will finance 80–90% of the vehicle’s on-road price.
Key Highlights
| Scheme Name | Assam Apun Bahan Scheme |
|---|---|
| State | Assam |
| Launched By | Himanta Biswa Sharma |
| Category | Welfare Scheme for Employees |
| Beneficiaries | Permanent State Government Employees |
| Benefit | Interest-free vehicle loan |
| Application Mode | Offline |
Assam Apun Bahan Scheme Eligibility Criteria
To be eligible for the scheme, applicants must meet the following conditions:
- Permanent state government employee.
- Net annual income of ₹3 lakh or more.
- Aged between 21 and 53 years.
- Eligible for loans only for two-wheelers or four-wheelers.
- Loan tenure must not exceed seven years.
Apun Bahan Scheme Required Documents
Applicants must submit the following documents:
- Aadhaar Card
- PAN Card
- Domicile Certificate
- Self-Declaration Form
- Vehicle Registration Certificate
- Vehicle Insurance
- Mobile Number
- Bank Passbook and Statement
- Passport Size Photo
- Signature
Apun Bahan Scheme Application Form
Follow these steps to apply for the Assam Apun Bahan Scheme:
- Obtain the Application Form:
Collect the form from the respective bank. - Fill in Personal Details:
- Name, department, and bank account information.
- Complete address details.
- Submit Through DDOs:
Employees must submit the completed form, along with required documents, through their Drawing and Disbursing Officers (DDOs). - Scrutiny and Approval:
The concerned bank will review the application and grant final approval based on eligibility.
Final Thoughts
The Assam Apun Bahan Scheme is a thoughtful initiative by the Assam Government, helping state employees achieve their dreams of owning a vehicle. By offering interest subsidies and manageable repayment plans, the scheme significantly reduces the financial strain of purchasing a car. For eligible employees, this is a golden opportunity to enhance their quality of life.
For more information, visit the Official Website.