Keeping in mind the dream of thousands of permanent State Government employees, irrespective of their gender, to own a motor vehicle, the Government of Assam has disclosed a new motor vehicle loan scheme called ‘Apun Bahan Scheme’ in the state. Under this, the government provides financial relief to all the permanent State Government employees to ease access to motor vehicle loans for the purchase of a vehicle for the family. By offering this scheme, the government aims to allow employees to obtain auto loans will be granted for the purchase of a new two-wheeler or four-wheeler. In this scheme loan will be sanctioned by the bank as a term loan. If you are either a male or female citizen who is government employee by profession and wish to fulfill the dream of owning a motor vehicle by using this scheme so you don’t need to worry about that because in this article you will find all the information that is necessary to you for applying for the scheme including eligibility document loan amount and much more that you need to know before applying so keep exploring this article till and to grasp all the details.
About Apun Bahan Scheme
The “Apun Bahan Scheme” is a newly announced motor vehicle loan scheme designed by the Government of Assam to help thousands of government employees in fulfilling their dreams of owning a motor vehicle. Under this scheme government provides interest subvention for the purchase of motor vehicles to permanent State Government employees, in which male employees will receive 2% interest subvention for purchasing a diesel/petrol vehicle and 3% subsidy for electric vehicles. On the other hand, women and divyangjan, differently abled employees, will get 3% interest subsidy for purchasing any kind of vehicle. According to the guidelines, the auto loans will be granted for the purchase of new two-wheeler or four-wheeler three-wheeler vehicles will not be covered under the scheme.
This is only applicable to regular State Government employees whose age lies between 21 and 53 years, ensuring that the maximum tenure of 7 years for the loan falls within the service Period of the employee. Under the scheme, each eligible government employee will receive a maximum loan amount of either 48 times the net monthly income of Rs 15 lakh, whichever is lower.
Objective of Apun Bahan Scheme
The main objective of this is game is to fulfill the needs and dream of thousands of permanent State Government employees of owning a motor vehicle for them by providing interest subvention against the motor vehicle loan from Scheduled Commercial Bank, Regional Rural Bank, and the last but not the least Assam Cooperative Apex Bank notified and recognised by one of India’s most trusted nodal bank called reserve Bank of India. Under the scheme, the subsidy amount will be released by crediting it to the salary accounts of the employees.
Also Check :- NFSA Assam List
Key Highlights of Apun Bahan Scheme
| Scheme Name | Apun Bahan Scheme. |
| Department Responsible | Finance Department (As per the guidelines PDF). |
| Governed by | Government of Assam. |
| Year | 2025-26. |
| Objective | To fulfill the needs and dream of thousands of permanent State Government employees of owning a motor vehicle by providing interest subvention against the motor vehicle loan from the Scheduled Commercial Bank, Regional Rural Bank, and last but not least, Assam Cooperative Apex Bank notified and recognised by one of India’s most trusted nodal banks called the Reserve Bank of India. |
| Benefits | Male employees to get 2% interest subsidy for purchasing diesel/petrol vehicles and 3% subsidy for electrical vehicles, while women and divyangjan differently abled employees will get 3% interest subsidy for purchasing any kind of vehicle. |
| Maximum Loan Amount | The maximum loan amount will be either 48 times the net monthly income of Rs 15 lakh, whichever is lower. |
| Age Limit | 21 and 50 years. |
| Income Limit | Less than Rs 3 lakh. |
| Target Groups | Both Male & Female Regular State Government Employees. |
| Amount Repayment Period | Minimum of 3 years and a maximum of 7 years. |
| Beneficiaries | Assam Residents. |
| Mode | Online. |
| Official website | – |
Eligibility Criteria
To be eligible applicant needs to meet the following eligibility criteria:-
- Applicant must be a permanent resident of Assam.
- Applicant must be a regular State Government employee by profession with at least 7 years of service.
- Both male and female State Government employees can apply.
- Age of the state government employee must be between the ages of 21 and 50 years.
- Annual income of the applying candidate’s family must be less than Rs 3 lakh per annum from all sources.
- Note:- Co-applicants can be the spouse, father, mother, brother, sister, son, or daughter with valid income proof.
Financial Benefits
- Under this scheme, the government provides interest subvention loans to both male and female regular state government employees.
- Male employees to get 2% interest subsidy for purchasing diesel/petrol vehicles and 3% subsidy for electrical vehicles, while women and divyangjan differently abled employees will get 3% interest subsidy for purchasing any kind of vehicle.
- Under this scheme, the maximum loan amount will be either 48 times the net monthly income or 15 lakh, whichever is lower.
Also Check :- CM Flight Scheme Assam
Important Dates
| Events | Date |
| First launched on | 02/08/2023 |
| Closed on | Not declared yet. |
Required Documents
- Aadhar Card
- Resident Proof
- Age Proof
- Bank Details
- Income Certificate
- Employee ID
- Passport-Sized Photograph
- Phone Number
Salient Features
- Loan Amount:- Under this scheme, the maximum loan amount will be either 48 times the net monthly income of Rs 15 lakh, whichever is lower.
- Fulfill Dreams of Owning a Motor Vehicle:- The main aim of this schema is to provide loans to Government employees so that they can buy motor vehicles and fulfill their dream of owning a motor vehicle.
- Little Interest Loans:- Under this scheme government will provide loans to government officials at a very low interest rate.
- Amount Transfer Mode:- In this scheme, the subsidy amount will be released by crediting it to the salary account of the employees.
- Amount Repayment Period:- The repayment of the auto loans will be for a period of a minimum of 3 years and a maximum of 7 years.
- Loan Financing:- The bank will finance 85% to 90% of the on-road price of the vehicle or 48 times the net income, whichever is lower.
- Target Groups:- This scheme only targets State Government employees who are between 21 to 53 years old, ensuring that the minimum tenure of 7 years for the loan falls within the service period of the employee.
Application Process
To apply, you need to follow these key steps:-
- Keep Documents Handy:- First of all, all the applicants need to keep all the documents handy for a smooth application.
- Go to Bank:- After that applicant needs to go to the eligible Bank recognised by RBI along with documents as per the checklist and application format provided by the eligible Bank.
- Get Application Form:- Now the applicant needs to get the application form.
- Customized Format:- The employee, please make sure the format is customized and shall contain a due and global statement of salary of the government employee applicant, which will be duly filled and certified in the form itself by the DDO concerned.
- Due Diligence & Scrutiny Required:- The due diligence and scrutiny required will be done by the concerned Bank.
- Final Proposal:- The bank team will record the final sanction based on the proposal.
- Submit to DDOs:- Please note that the application form will be submitted by employees through their videos with a complete set of documents provided by the eligible Bank.
Also Check: Assam Orunodoi 3.0
Helpline Number
- Dial:- 0361 2237229
FAQs
Which government is responsible for launching this Apun Bahan Scheme?
The State Government of Assam is responsible for launching the Apun Bahan Scheme.
Who can apply for the scheme?
Only State Government Employees who are between 21 to 53 years old can apply for the same
What benefits are provided by the government under the Apun Bahan?
Under this scheme, the government provides interest subvention loans to both male and female regular state government employees for owning a motor vehicle.
Is it necessary to be a permanent state government employee to get a motor vehicle?
Yes, this scheme is only available for those who are State Government employees living in the state of Assam.