Apun Bahan Scheme Assam আপোন বাহন আঁচনি 2023: Latest updates, Application process, Apply Now!

(Apun Bahan scheme, (“আপোন বাহন আঁচনি”), Assam, Scheme, Government of Assam, Chief Minister, Dr. Himanta Biswa Sarma, Assam Cabinet, policies, key decisions, subsidy, loan, interest rates, vehicle loan, electric vehicle, petrol/diesel vehicle, 2nd August, 2023, beneficiary, Specially abled, female, male, regular government employees, Reserve Bank of India, Assam co-operative Apex Bank, Regional Rural Bank, eligibility, 7 years of service, minimum and maximum age limit, total loan amount, 15 lakh Rupees, 48 times of total monthly income.)

The Government of Assam has always been prompt at issuing new schemes and policies in its Cabinet sessions. The Assam Government under the leadership of Chief Minister Dr. Himanta Biswa Sarma in one of its Cabinet Sessions held on 2^nd August, 2023 listed a number of significant decisions and implemented certain schemes. One such scheme was introduced on 2^nd  August, 2023 named ‘Apun Bahan Scheme’ (“আপোন বাহন আঁচনি”). This scheme will facilitate regular/permanent Government employees under Assam State government to purchase vehicles via loans at subsidized interest rates.

Important features of Apun Bahan Scheme (“আপোন বাহন আঁচনি”), 2023 ASSAM:

• Under the “Apun Bahan Scheme” (“আপোন বাহন আঁচনি”), the State Government of Assam will provide subsidy on interest rates for motor vehicle loans incurred from commercial banks approved by Reserve Bank of India, Regional Rural Bank like Assam Gramin Vikas Bank or Assam Cooperative Apex Bank.
• In case of male State Government employees, on a purchase of electric vehicle, the levied subsidy on interest rate would be 3%.
• In case of male State Government employees, on a purchase of petrol/diesel run vehicle, the levied subsidy on interest rate would be 2%.
• In case of female State Government employees, the levied subsidy on interest rate would be 3% for purchase of electric as well as petrol/diesel run vehicles.
• In case of Specially Abled (Divyangan) State Government employees, the levied subsidy on interest rate would be 3% for purchase of electric as well as petrol/diesel run vehicles.

Eligibility criteria for Apun Bahan Scheme (“আপোন বাহন আঁচনি”), 2023 ASSAM:

• “Apun Bahan Scheme” (“আপোন বাহন আঁচনি”) will be applicable only to regular/permanent employees under Government of Assam.
• The loan should be reimbursed within a maximum of 7 years of service period of the concerned employee.
• The minimum age limit of the beneficiary loan applicant (employee) would be 21 years and the maximum age limit of the beneficiary loan applicant (employee) would be 53 years.

The total loan amount would be 48 times of the total monthly income of the employee or 15 lakh rupees, whichever is lower.

Application process:

The application process for Apun Bahan Scheme will be soon available for the residents of Assam. The application form can be downloaded from the website of Department of Finance, Government of Assam.

• The applicants/employees need to submit their application forms through their DDOs with complete set of documents as per check list and application format provided by the eligible banks.
• The application format provided by the bank shall contain a due and drawal statement of salary of the Government employee (applicant). It must be duly filled and certified in the form itself by the DDO concerned.
• Due diligence and scrutiny required will be done by the concerned bank and the bank team will accord final sanction based on the proposal.

Frequently Asked Questions:

You may also read:

1. INTEGRATED LAND RECORD MANAGEMENT SYSTEM OF ASSAM, (2021)–ALL YOU NEED TO KNOW

2. MISSION BASUNDHARA 2.0 ASSAM

3. Mission Karmayogi: Empowering India’s Bureaucracy for a Transformative Future

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