The Assam Government has introduced the Aponar Apon Ghar Home Loan Subsidy Scheme exclusively for its residents who do not currently own a home in the state. This scheme provides a fixed amount of subsidy on house loans to eligible applicants. The main objective of the Aponar Apon Ghar scheme is to ensure housing for every Assamese family. This new scheme builds upon the Aponar Ghar Home Loan Subsidy Scheme that was implemented in 2016-17. Under the previous scheme, government employees were eligible for a 3.5% interest subsidy on home loans up to Rs. 15 lakhs taken for a 20-year period. Now, with the extension of the scheme, this subsidy will be available to all applicants.
Overview of Aponar Apon Ghar Home Loan
The Ministry of Finance in Assam has launched the Aponar Apon Ghar loan scheme to provide housing facilities for economically disadvantaged people and help them buy their homes. Eligible individuals may receive aid of up to 2,50,000 for mortgage loans with a maximum amount of 40,00,000 in this program which offers low interest rates on mortgages from specific financial institutions within the state of Assam. Under this Aponar Apon Ghar Home Loan Subsidy Scheme, the state govt. will provide Rs. A subsidy of 2.5 million for a home loan up to 40 million. Only those who purchase their first home will qualify for this mortgage subsidy. Applications for Aponar Apon Ghar Program can be submitted online by filling out an application form, checking the subsidy amount, and complete details.
Also Read: Affordable Rental Housing Scheme
Objective of Aponar Apon Ghar Home loan scheme
The main objective of Aponar Apon Ghar Home Loan Scheme is to provide the goal of housing for all the people ensuring that every underprivileged individual owns their own home. As part of this program, individuals can enter accurate information, submit important documents such as loan evidence, proof of residence, and PAN card verification. The Assam government provides an opportunity for citizens of Assam who do not have homes of their own and need funds to build their own residences. They will receive a reasonable interest rate loan along with government sponsorship. It is important to highlight that this program is particularly available to citizens of Assam Loan Scheme.
Key Highlights of Aponar Apon Ghar Home Loan Scheme
| Scheme Name | Aponar Apon Ghar Loan Scheme |
| Launched by | Government of Assam |
| State | Assam |
| Objective | To people who don’t have a residential house of their own they will be provided low interest loans |
| Beneficiaries | Residents of Assam |
| Benefits | To the people who don’t have a residential house of their own, they will be provided low-interest loans |
| Application process | Online |
Eligibility Criteria forAponar Apon Ghar Home Loan Scheme
- Applicants should hold permanent residency in the state of Assam.
- They must secure a housing loan from a Scheduled Commercial Bank, Regional Rural Bank, or the Assam Cooperative Apex Bank within the state.
- The combined income of the applicant’s family from all sources should not surpass ₹20,00,000.
- The housing loan, sanctioned by a bank on or after 1st April 2019, needs to be above ₹5,00,000 and should not be categorized as a Non-Performing Asset (NPA).
- The property being financed must serve as the composite family’s inaugural home.
Also Read: Mission Basundhara 2.0 Assam
Benefits and Features Aponar Apon Ghar Home Loan Scheme
- The Aponar Apon Ghar Home Loan Subsidy Scheme aims to promote the growth of the housing industry in Assam.
- It will provide financial assistance to individuals who are unable to afford their own homes, thereby addressing the issue of slum areas as well.
- The scheme will directly transfer the subsidy amount to the beneficiary’s bank account.
- The government offers a housing subsidy of 2.5 lakh rupees for loans up to 40 lakh rupees.
- In addition, government employees who participate in this program are eligible for a 3.5 percent interest subsidy.
- Under the Assam Aponar Apon Ghar Scheme, the maximum loan amount available is 15 lakh rupees, with a loan term of 20 years.
Required Documents
- You need to provide proof of residence in the Assam State,
- proof of your identity,
- an income certificate,
- your bank account details,
- passport-sized photographs,
- your most recent salary slips, and
- the statement of your salary account for the past six months.
- If your salary is deposited in a bank other than SBI, you must obtain a no dues salary certificate from that bank.
- You should also provide proof of having been employed for at least five years and submit a statement detailing your personal assets and liabilities using the bank’s specified format.
- Additionally, provide documents that validate your land ownership.
Selection Process forAponar Apon Ghar Home Loan Scheme
- To be eligible for this program, the applicant must possess permanent residency in Assam.
- Furthermore, they should already own a solidly constructed personal residence.
- The Aponar Apon Ghar Scheme 2023 facilitates loans exclusively up to a value of 40 lakh rupees.
- Additionally, individuals who have not previously availed themselves of housing loans through any housing scheme are qualified to apply.
Application Process for Aponar Apon Ghar Home Loan Scheme
- Firstly, access the official website of theAponar Apon Ghar Scheme.
- Once on the website’s homepage, locate and click on the ‘Search forAponar Apon Ghar Yojana Link’ option.
- This will lead you to the application form.
- Fill in all the necessary details on the application form accurately.
- After providing the information, click the ‘Submit‘ button.
- Make sure to attach all the required documents along with the application form.
- By following these steps, you can successfully apply for the Aponar Apon Ghar Yojana.
FAQ’s
The scheme’s launch date was April 01, 2019, initiated by Assam’s finance department by the state government of Assam.
The Aponar Apon Ghar Home Loan Subsidy Scheme is designed to aid individuals in Assam who lack proper housing.
Recipients will receive the subsidy directly in their bank accounts through this scheme, not more than 20 lakhs should be provided.
Authorized banks endorsed by the Assam government will distribute the benefits of the Assam Aponar Apon Ghar Scheme to the beneficiaries.