This scheme is known as Apunar Apun Ghar Loan Scheme Assam 2019. This scheme, as the name suggests, is a loan subsidy scheme for households. Under this scheme, people of Assam can avail loans up to Rs 40 lakh. People will get a subsidy of up to Rs 2.5 lakh on a home loan. This scheme is applicable only to those who are buying their first house.
The scheme was announced by the state government of Assam in the financial year 2019-20. This scheme is mainly an extension of the previous state government Apun Ghar scheme. The scheme has been launched to fulfill the Prime Minister’s “Housing Mission for All”. Under this scheme, the state resident will get Aapunar Apun Ghar Hone Loan Subsidy. The state government will provide subsidy on the home loan of Rs 2.5 lakh to the people of the state. The resident will get a home loan at a discounted interest rate under this scheme. Those who are interested in this scheme can apply for it. To apply for this scheme, eligible people are required to fill the scheme application form.
Highlights of Apunar Apun Ghar Loan Scheme
| Scheme name | Apunar Apun Ghar Loan Scheme |
| District Name | Assam |
| Start Date | Budget 2019-20 |
| Dates | 6 Feb 2019 |
| Purpose of the plan | Provide home to all |
| Veneficiary | Everyone from Assam |
| Benefit of the scheme | Home loan |
| Official Website | Finance.assam.gov.in |
| Kind of Scheme | State Government Home Loan Subsidy Scheme |
Implementation
- This housing loan scheme of Assam government was announced by the Assam government in the month of March 2017, which is often considered as the financial year end.
- It is believed that the start of this special housing loan scheme for Assam government employees will kick start from the new financial year which is April 2017.
- The state government would provide housing loans at a subsidised rate under the Apun Ghar scheme,
- 5% for its women employees and
- 5% for men employees.
Note
- The state government employees can avail a loan of up to Rs 15 Lakh for with an interest subsidy of 3.5%.
- The subsidy on interest rates would benefit state government employees in terms of lower interest rates and lower EMI’s.
Eligibility for Apunar Apun Ghar Loan Scheme
- This scheme is only for permanent resident of Assam State.
- Families with an annual income of less than Rs 20 lakh are eligible for this scheme.
- Housing loans are available only within Assam Regional Rural Banks, Scheduled Commercial Banks, Cooperative Banks of Assam.
- This scheme is applicable only if the loan amount beyond 5 April is approved from banks on or after 1 April 2019.
- Those who have already taken a home loan under the Apun Ghar scheme, are not eligible for this scheme.
- People cannot take loans with debt accounts under non-performing assets.
Benefits of Assam Apun Ghar Loan Scheme-
The benefits of Apun Ghar Loan Scheme are as follows:
- The scheme provides benefits not only to government employees but also to every resident of the state.
- The scheme will help people to build their own house.
- The scheme provides loan amount up to Rs 40 lakh.
- People will be given a subsidy amount of up to Rs 2.5 lakh.
- People will be able to build their own pucca house with the help of this scheme.
Interest Rates & Subsidy in Apun Ghar Loan Scheme
| Particulars | Men | Women |
| Loan Amount | Rs 15 Lakh | Rs 15 Lakh |
| Interest Subsidy | 3.5% | 3.5% |
| Interest Rate after Subsidy | 5.5% | 5% |
| Maximum Loan Tenure | 20 Years | 20 Years |
| Effective EMI (for a loan of Rs. 15 Lakh for 20 Years) | ||
| Before Subsidy | Rs 13,017 | Rs 13,017 |
| After Subsidy | Rs 10,318 | Rs 9,899 |
Apply Online for Assam Apun Ghar Loan Scheme
- Visit to the official website of the scheme
- One click on this link, after which you will reach the home page of the official website of Assam Finance Ministry.
- In this page, you have to click on the option “Aponar Apon Ghar Loan Subsidy Scheme“.
- After this a new page will appear, in this page you have to click on the “Apply” option. Then a new page will open with the application form.
- In this page, applicants have to say “Yes” or “No” in the declaration form.
- After this, fill your personal details in the form which includes your name, address etc.
- Then applicants have to add their loan details in the form.
- Next, upload supporting documents of your claims in the form.
- Then after filling this form, click in the “Save” option at the end.
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