Assam Apun Bahan Scheme

Scheme Introduction: A Brief Overview

• Apun Bahan Scheme was started in Assam State on 2nd of August 2023.
• Assam Government's main objective is to support government employees and help them to purchase 2 or 4 wheelers for their family.
• Finance Department is the nodal department of this scheme.
• If any regular and permanent employee of Assam Government is interested in purchasing of a 2 or 4 wheeler vehicle then government will provide the benefit of interest subsidy.
• 2% interest subsidy will be provided to male government employees on the purchase of petrol/ diesel 2 or wheeler.
• However if male employee purchased EV vehicle then 3% interest subsidy will be provided under Apun Bahan Scheme.
• Benefit of 3% interest subsidy will be provided to women and disabled government employee on the purchase of any kind of vehicle.
• Beneficiary Government can also avail the facility of bank loan for remaining amount.
• Bank Loan is available of vehicles 85% to 90% cost and beneficiary can get maximum loan of Rs. 15,00,000/- or 48 times of net monthly income.
• Loan repayment period is minimum 3 years and maximum 7 years.
• Employees in the age group of 21 years to 53 years are only eligible to get the benefit of interest subsidy under Assam Government's Apun Bahan Scheme.
• Only offline mode is available. beneficiary cannot apply for Apun Bahan Scheme through Online Application Form.
• Apun Bahan Scheme Application Form is available in the office of Drawing and Disbursing Officer of finance department.
• Beneficiary Government Employee can contact DDO for any help or assistance required regarding scheme.

Scheme Benefits

• Benefits that are provided by Assam Government to its employees under Apun Bahan Scheme are mentioned below :-
  • Government Employees will get Assistance in the form of Interest Subsidy on the Purchase of Vehicle.
  • Personal Vehicles like 2 and 4 Wheelers are only Eligible for Interest Subsidy.
  • 2% Interest Subsidy will be provided to Male Employees on the purchase of Petrol or Diesel Vehicle.
  • If Male Employee purchase Electric Vehicle then 3% interest subsidy is applicable.
  • 3% Interest Subsidy on the purchase of any kind of vehicle will be provided to Disabled and Women Government Employees.
  • Government will pay Subsidy Amount directly in Employees Salary Account.
  • There will also a faciltity of Bank Loan which cover 85% to 90% of vehicle road price.
  • Employee can get maximum loan of Rs. 15 Lakh or 48 times of their net monthly income.
  • Employee can repay the loan amount from 3 years to 7 years.

Eligibility Requirements

• Assam Government sets the following eligible requirements for applicants to provide them interest subsidy on the purchase of vehicle under Apun Bahan Scheme :-
  • Applicant should be a Permanent Resident of Assam.
  • Applicant should be a Assam Government's Permanent and Regular Employee.
  • The Age of Employee should 21 years to 53 years.
  • The Family Annual Income from all sources should be more than Rs. 3 Lakh.
  • The minimum time period of a employee in government service should be 7 years.

Required Documents

• The following documents will have to be submitted with Apun Bahan Scheme Application Form in DDO Office at the time of applying for subsidy on the purchase of vehicle :-
  • Assam Residence Proof.
  • Aadhaar Card.
  • Identity Card of Employee.
  • Vehicle Quoation from Dealer.
  • Mobile Number.
  • ITR. (Income Tax Return)
  • Employee Salary Bank Account Details.

Steps to Apply

• Permanent and Regular Employee of Assam can purchase 2 or 4 wheeler and avail the benefit of interest subsidy under Apun Bahan Scheme.
• Take Apun Bahan Scheme Application Form from the Office of Drawing and Disbursement Officer (DDO) of Finance Department.
• Fill the Application Form and attach all the required documents with it and submit it in the same DDO Office.
• Drawing and Disbursement Officer will scrutinized the application form and documents and certify them with its stamp.
• List of Eligible Government Employees will then forward to financial institution for approval of loan amount.
• The amount of loan will be disbursed directly to vehicle dealer.
• Amount of Interest Subsidy will be paid by government in the the bank account of employee.
• Employee will have to pay the installments of loan amount on time.
• The loan repayment payment will be 3 years to 7 years.

Relevant Links

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

Contact Information

• Assam Finance Department Contact Details.

Frequently Asked Questions

• What is the Assam Apun Bahan Scheme?
  -The Assam Apun Bahan Scheme is an interest subsidy scheme launched by the Assam Government on 2nd August 2023 to help its regular and permanent employees to purchase personal 2 or 4 wheeler vehicles.
• Who is eligible to apply under the Apun Bahan Scheme?
  -Only regular and permanent employees of the Assam Government who are residents of Assam, aged between 21 to 53 years, and have completed at least 7 years of service are eligible.
• What type of interest subsidy is provided under the scheme?
  -A 2% interest subsidy is given to male employees on petrol/diesel vehicles, and 3% on electric vehicles. Women and disabled employees get a 3% subsidy on any type of vehicle.
• Can I apply online for the Apun Bahan Scheme?
  -No, the application process is completely offline. Applicants must collect and submit the form at the DDO (Drawing and Disbursing Officer) office of the Finance Department.
• Where can I get the application form for Apun Bahan Scheme?
  -The application form is available at the Drawing and Disbursing Officer (DDO) office of the Assam Finance Department.
• What is the maximum loan amount I can get under Apun Bahan Scheme?
  -Eligible employees can get a loan up to ₹15,00,000 or 48 times their net monthly income, whichever is lower.
• What is the repayment period for the loan?
  -The repayment tenure ranges from a minimum of 3 years to a maximum of 7 years.
• How is the interest subsidy amount disbursed?
  -The Assam Government will directly deposit the interest subsidy amount into the employee's salary bank account.
• What documents are required at the time of apply for the scheme?
  -Applicants must submit Assam residence proof, Aadhaar card, employee ID, vehicle quotation from the dealer, ITR, mobile number, and bank account details.
• Is there any income limit to apply under the scheme?
  -Yes, the total family income of the applicant should be more than ₹3 lakh annually to be eligible under the Apun Bahan Scheme.