Assam Apun Bahan Scheme

Assam Government under its Apun Bahan Scheme will provide interest subsidy to all its eligible permanent government employees who are interested in purchasing a 2 or 4-wheeler of their own. Male Government Employees will get 2% and 3 % interest subsidy on the purchase of diesel/ petrol and electric vehicles, respectively. Women and Disabled Government employees will get a 3% interest subsidy on the purchase of any kind of vehicle.
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Introduction of Assam Apun Bahan Scheme: A Brief Insight

• Government of Assam started the Apun Bahan Scheme for its employees on 02-08-2023.
• The main objective of the Government behind starting this scheme is to fulfill the dreams of those government employees who want to purchase a two or four-wheeler of their own.
• Assam Government’s Finance Department is the implementing department of this scheme.
• The government will now provide financial relief to permanent State Government Employees so that they can easily purchase 2 or 4 wheeler for their family.
• Benefits of interest subsidy will be provided under the Apun Bahan Scheme on the purchase of 2 or four wheelers to all eligible beneficiary government employees.
• Male Government Employees will get the following interest subsidy :-
  • 2% on the Purchase of :- Petrol or Diesel Vehicle.
  • 3% on the Purchase of :- Electric Vehicles.
• Woman and Disabled Government Employees of the Assam Government will get a 3% interest subsidy on the purchase of any kind of vehicle.
• Bank Loan Facility of 85% to 90% of on on-road price of a vehicle is also available.
• Beneficiary Government Employee can avail a maximum loan of Rs. 15 lakh or 48 times the net monthly income, whichever is lower, under the Apun Bahan Scheme of the Assam Government.
• Loan sanctioned by the bank will be as a term loan.
• The minimum loan repayment time period under the Apun Bahan Scheme is 3 years, and the maximum loan repayment time period is 7 years.
• Benefits of Apun Bahan Achoni will only be provided to regular and permanent employees of the  Assam Government whose age is between 21 years to 53 years.
• Purchase Vehicle should be in the name of a Government Employee, and the vehicle cannot be used for commercial purposes.
• The other major and popular names of this scheme are “Apun Bahan Achoni Assam” or “Apun Bahan Yojana Assam” or “Assam Vehicle Subsidy Scheme for Government Employee”.
• There is no Official Website of the Apun Bahan Scheme, nor is any Online Application Form of the Apun Bahan Scheme is available.
• The only mode to apply for this scheme is through the Offline Application Form, which is available in the Office of the Drawing and Disbursement Officer.
• In case of any help or assistance required regarding the Apun Bahan Scheme, the Beneficiary Government Employee can contact the DDO Office.

Benefits Provided to Eligible Beneficiaries

• Government of Assam will provide the following benefits to its regular and permanent employees under Apun Bahan Scheme :-
  • Interest Subvention will be provided on the purchase of two and four-wheelers.
  • Male employees will get 2% Interest Subsidy on Diesel/ Petrol Vehicle purchases and 3% Interest Subsidy on the purchase of Electric Vehicles.
  • Woman and differently-abled employees will get a 3% Interest Subsidy on the purchase of any kind of vehicle.
  • Subsidy Amount will be credited to the Salary Account of the Employee.
  • Bank Loan of 85% to 90% Road Price of the Vehicle is also available.
  • Maximum Loan Amount will be Rs. 15,00,000/- or 48 Times of Net Monthly Income. (Whichever is Lower)
  • Loan Repayment Period is 3 Years to 7 Years.

Eligibility Conditions Required to be Fulfilled

• Interest Subsidy on the purchase of two-wheeler or four-wheeler under the Assam Government’s Apun Bahan Scheme will only be provided to those beneficiaries who fulfill the below-mentioned eligibility criteria of scheme :-
  • Permanent Government Employees of the Assam Government are Eligible.
  • Employee’s Age should be between 21 Years to 53 Years.
  • An employee’s Serving Period in the Assam Government should be a minimum 7 Years.
  • Annual Income of Employee and Co Applicant should be Rs. 3,00,000/- or above.

Documents Required to be Attached

• Employees of the Assam Government will have to submit the below-mentioned documents with the Application Form of Apun Bahan Scheme in order to avail the benefit of interest subsidy on the purchase of a two or 4 wheeler:-
  • Residence Proof or Domicile of Assam.
  • Aadhaar Card of Employee.
  • Employee Identity Card.
  • Quotation of Vehicle.
  • Salary Bank Account Number with IFSC Code.
  • Mobile Number and Email.
  • Identity Proof of Co-Applicant. (If Applicable)
  • Copy of Income Tax Return. (ITR)

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

• Interested and Eligible Permanent Employees of the Assam State Government can apply for the benefit of interest subsidy under the Apun Bahan Scheme through the Offline Application Form.
• Application Form of Apun Bahan Scheme can be collected from banks or from the office of the Drawing and Disbursement Officer of the Finance Department.
• Collect the Apun Bahan Scheme Application Form and fill it without making any mistakes.
• Attach all the required documents with the Application Form.
• Submit the duly filled Application Form along with all the documents to the Drawing and Disbursment Officer’s Office. (DDOs)
• DDO will verify the received application form and documents and certify it.
• Selected Employees List will then be forwarded to the concerned bank for further approval.
• Respective Bank will then do the final verification and approve the loan.
• Loan Amount will be directly disbursed to a Two or Four Wheeler Dealer.
• Government of Assam will disburse the amount of interest subsidy directly in the bank account of government employee.
• Beneficiary Government Employee will have to repay the loan amount in 3 to 7 years of time.
• Application Status of the Apun Bahan Scheme can be checked by visiting the Office of the Drawing and Disbursing Officer. (DDO)

Important Links Available

• Guidelines of Apun Bahan Scheme Assam.
• Official Website of Finance Department Assam.

Contact Details in Case of Help Needed

• Contact Details of Finance Department Assam.

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