The Apun Bahan Scheme Assam 2024 was introduced by the state government of Assam. To provide money to government workers in the state of Assam so they can purchase cars. The Apun Bahan Scheme Assam 2024 was introduced by the state government of Assam. By the plan, the government will impose interest rates of 2% on the purchase of gasoline or diesel automobiles 3% on the purchase of electric vehicles for male employees, and 3% on each vehicle for female employees. All qualified state citizens will be able to easily purchase cars by utilizing the program’s benefits. Keep reading this article to know more about the scheme.
The objective of Apun Bahan Scheme 2024
The Apun Bahan Scheme 2024 main objective is to provide low-interest car loans to qualified state employees. Through this program, all qualified state employees can apply for auto loans with ease. The loans under this plan will only have a 2% interest rate. Furthermore, the Apun Bahan Scheme Assam 2024 will be effectively operated with Rs 12 crore allocated by the state government. Additionally, this program would provide women and disabled state employees with auto loans that would include a 3% interest subsidy. In this manner, the people of Assam will be able to sustain both their fundamental needs for subsistence and a work-life balance.
Also Read: Assam Pragyan Bharati Scooty Scheme
Key Highlights of Apun Bahan Scheme Assam
| Name of the scheme | Apun Bahan Scheme Assam |
| Launched by | The CM of Himanta Biswa |
| Beneficiaries | The permanent government employees of Assam |
| Benefits | To provide vehicle subsidy loans for the people of Assam |
| Application mode | Both Online and Offline |
| Official website | Will be launched soon |
Eligibility and Income Criteria
- The candidate needs to work for the Assam government.
- The candidate must be between the ages of 21 and 53.
- The candidate must have seven years of state government service in Assam.
- The applicant’s family’s annual income cannot be more than INR 3 lakh.
Advantages of Apun Bahan Scheme
- Employees of the State Government will benefit from the Apun Bahan initiative by purchasing a new car.
- Workers are allowed to drive electric, diesel, or gasoline-powered cars.
- For male employees who select a gasoline or diesel vehicle, they will benefit from a 2% interest subversion on the loan amount.
- A 3% interest rate decrease on the loan amount will be given to female employees or employees with disabilities, regardless of the car they choose.
- If male employees purchase an electric vehicle, they will additionally receive a 3% interest subsidy.
- There are loans available up to 15 lakhs, which is 48 times the applicant’s monthly income.
- The Apun Bahan Yojana acts as a link to promote the State’s adoption of electric cars.
Interest Rate
- Male employees will receive a 2% interest subsidy on the loan amount if they choose a petrol or diesel car.
- Regardless of the car they select, female employees or employees with disabilities will receive a 3% interest rate reduction on the loan amount.
- Male employees will also get a 3% interest subsidy if they buy an electric vehicle.
Required Documents
- Age Certificate, Residence Proof, and Employee ID Card
- ย Bank Statement with Additional Information
- ย monthly pay stub
- ย Returned Check
- ย ID Card, Aadhaar
- ย An eye-catching passport photo’s
- ย Mobile Contact
- ย Pan card
List of Vehicles Covered
- The cars that will be approved for new two- or four-wheeler purchases.
- The program will not provide coverage for three-wheelers.
Type of Loan
The loans will be sanctioned by the bank as term loans.
Loan Amount and Tenure
- The maximum loan amount shall be โน 15 lakh, whichever is less, or 48 times the net monthly income.
Repayment of Loan
- The Apun Bahan Scheme stipulates a three to seven-year loan repayment period. The repayment will be fixed based on Equated Monthly Installments (EMI) with Check-o facility/Post Dated Cheques (PDC)/Electronic Clearing Services (ECS)
Apun Bahan Scheme Application Process
Step 1: Applying for the Apun Bahan Program Through their DDOs, Assam government personnel can submit their applications.
Step 2: The applicant gets all the necessary paperwork and application papers from the relevant bank and sends them to the DDOs.
Step 3: The documents that are being collected must include the applicant’s (the government employee’s) due and drawal statement of salary, which will be properly labeled and certified in the form by the relevant DDO.
Step 4: Upon reviewing and examining the application, the bank officials will determine the applicant’s eligibility.
Step 5: Should the bank authorities determine that the applicant is qualified, the financial aid will be transferred straight into his pay account.
FAQs
What is Apun Bahan Scheme?
This scheme Provides an Interest Subsidy on purchasing a Vehicle. This scheme provides benefits only to the State Government Employees of the Assam State.
What is the benefit of this scheme?
The Apun Bahan program will aid State Government employees in getting a new car. Employees are free to choose gasoline, diesel, or electric vehicles. Male employees will receive perks of 2% interest subversion on their loan amount if they choose a gasoline or diesel vehicle
What are the eligibility criteria for this scheme?
The Apun Bahan Scheme would only be open to Assam State Employees. The applicant must possess documentation proving their Assam State residency.
Direct Link
| Official Website | Apun Bahan Scheme Assam Website |
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