Bidya Lakshmi Education Loan 2025
Bidya Lakshmi Education Loan 2025
The Finance Department of Assam has undergone significant growth and expansion over time to accommodate the evolving economy of the region. Initially consisting of only two branches — Finance and Budget — the department now encompasses 12 branches to meet the diverse needs and functions of the Assam economy.
This historical background underscores the importance and evolution of financial governance in Assam. It reflects the commitment to fiscal responsibility and the prioritization of economic development and public welfare through sound financial management practices.
Documents Required
For students :
  • Passport Size Photograph (3 copies).
  • Copy of Pan Card (Identity Proof).
  • Electricity Bill/ Landline Telephone Bill Aadhar Card/ Driving License/ Passport (Address Proof).
  • Mark sheets and Pass Certificates up to the last qualifying examinations (Matric onwards).
  • Offer letter/Bonafide certificate from the institution.
  • Prospectus of the course and Approval copy AICTE/UGC or Governing Body for the course
  • Detailed fee structure of the course on the letterhead of the institution.
  • Score sheet of Entrance Tests like JEE/PMT.
  • Any other documents if necessary.
    • For studies abroad :
  • Passport
  • Unconditional Offer Letter
  • Any other documents if necessary.
    • For parents :
  • Passport Size Photograph (3 copies).
  • Copy of Pan Card (Identity Proof).
  • Electricity Bill Landline Telephone Bill; Aadhar Card/ Driving License/ Passport (Address Proof).
  • Xerox copy of Bank Passbook or Bank account statement.
  • Form 16/ Income Tax Return/ Income Certificate from the appropriate authority (Income Proof).
  • Any other documents if necessary.
    • Note: PAN Card mandatory for both Student and Parent.
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    Eligibility Criteria
  • Applicants must be Indian citizens.
  • This education loan is applicable to all courses in various fields.
    For students:
  • Secured admission to Professional/Technical courses.
  • Students who failed in the last qualifying examination (including class XII) are not eligible.
  • Only wards of currently in-service employees of Govt. of Assam are eligible.
    • For parents:
  • Employees of State Government of Assam with Check off facility.
  • Should have at least 5 years of residual pensionable service.
  • Ready to undertake to repay the loan amount even if a student fails to secure a job after completion of the course.
  • In case of retirement during the currency of the loan, the employee will opt to draw a Pension through SBI until the loan is liquidated.
  • Private employees are not allowed to apply to the scheme.
  • This education loan eligible courses are Bachelors, Masters, Engineering, Diploma, Professional course, Vocational courses, PG-Diploma, PHD in various fields.
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    List of Benefits
  • State Government Employees with annual salary income exceeding Rs 4.5 lakh can avail loans up to 10.00 lakh under CLSS.
  • Loans above Rs 10.00 lakh can be obtained from SBI.
  • Education loan covers course fee, books, computers, educational equipment, and other necessary items.
  • Suitable for studies abroad and covers travel expenses.
    • Process Of Loan
    Quantum Of Finance:
  • Studies in India: Maximum Rs. 10.00 lakh.
  • Studies Abroad: Maximum Rs. 10.00 lakh.
    • Security:
  • Up to Rs. 10.00 lakh: No Collateral Security or third-party guarantee.
  • Parents will be co-borrower in all cases under the scheme.
    • Rate Of Interest:
  • For all loans up to Rs. 10 lacs: 1 year MCLR + 1%.
  • Concession of 0.50% for girl students.
  • 1% rebate at the time of closure of the loan if interest is serviced during course and moratorium period.
    • Moratorium:
  • Course period + 1 year.
    • Repayment Period:
  • Up to 15 years after the commencement of repayment. The accrued interest during the moratorium period for loans up to Rs 10.00 lacs will be recovered monthly.
    • Processing Charge:
  • No processing/upfront charges.
    • Interest Subvention from Govt of Assam:
  • The Government of Assam will provide a need-based subsidy to maintain the effective rate of interest at 4.0%. The subsidy is available for loans up to Rs. 10.00 lakhs. It is applicable for the entire loan tenure.
    • How To Apply
    Follow the below steps to apply for the program:
    1. Visit our official website.
    2. Read carefully all the information about the program details.
    3. Click on the "Register" to complete the registration with required details.
    4. After successful registration, Use the received credentials to log into your account.
    5. Once logged in, and download the application form.
    6. Take a printout and fill in the required details on the form.
    7. Attach relevant documents.
    8. Review & submit to the related office.
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    ₹ 10,00,000

    Bidya Lakshmi Education Loan 2025
    SCHOLARSHIP PROVIDER
    SBI Bank Collaborated With Govt. Of Assam
    APPLICATION DEADLINE
    31 December
    EDUCATION LEVEL
    All
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    The Finance Department of Assam has undergone significant growth and expansion over time to accommodate the evolving economy of the region. Initially consisting of only two branches — Finance and Budget — the department now encompasses 12 branches to meet the diverse needs and functions of the Assam economy.
    This historical background underscores the importance and evolution of financial governance in Assam. It reflects the commitment to fiscal responsibility and the prioritization of economic development and public welfare through sound financial management practices.
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