Interest Subvention Scheme For Housing Loan For Regular State Government Employee Under APUN GHAR
The Interest Subvention Scheme provides housing loan interest subsidies for Assam state government employees.
Key facts
| Benefit | Subvention of interest at 3.5% on housing loans |
|---|---|
| Who | Regular state government employees in Assam |
| How paid | Credit to salary accounts |
| Age limit | 21 to 70 years |
| Implemented by | Government of Assam |
| Application window | Apply within 2 years of government notification |
Benefits
Eligible employees receive a 3.5% interest subvention on housing loans, resulting in effective rates of 5% for women and 5.05% for men. The scheme allows loans up to ₹15 lakh without requiring property mortgage for amounts up to ₹10 lakh.
Who can apply
- Age 21–70
- For: state government employee
- Resident of Assam
- not income tax payer
- no government employee in family
- poor household
State government employees in Assam aged between 21 and 70 can apply, provided they are not income tax payers and have no other government employees in their family. Applicants must also belong to poor households and have at least five years of residual service.
How to apply
Applications must be submitted through the respective Drawing and Disbursing Officer (DDO) using a designated form.
- Obtain the application form from your DDO.
- Complete the form and gather required documents, including salary certificate and proof of residence.
- Submit the application to your DDO for preliminary scrutiny and certification.
- The DDO will forward the application to a special team at SBI for processing.
- Wait for the special team to sanction the loan based on eligibility criteria.
- Upon sanction, complete the necessary documentation for disbursement.
Documents required
- Passport-size photograph (5 copies)
- Proof of Identification (Pan Card/Voter id/Identity Card)
- Proof of residence (Electricity Bill/Telephone Bill/Passport/SBI AC Passbook)
- Form 16 for the last 2 years
- Latest salary certificate
- 6 months salary account statement
- No dues certificate from existing banker
- Personal Asset & Liabilities statement
- Document evidencing ownership of Land/Building
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application rejected | Ensure all required documents are submitted and verified by the Drawing and Disbursing Officer before forwarding to SBI. |
| Payment not received | Check with the SBI branch regarding the status of the subsidy credit to the salary account. |
Frequently asked questions
Who is eligible to apply for this scheme?
Permanent state government employees in Assam aged 21 to 70, with at least five years of residual service, can apply.
What documents are required for the application?
Applicants need to provide a passport-size photograph, proof of identification, proof of residence, salary certificate, and several other financial documents.
Can I apply if I have already benefited from the scheme?
No, individuals who have previously benefited from the Apun Ghar scheme are not eligible to apply again.
Is there a limit on the loan amount?
The scheme allows loans up to ₹15 lakh, with a 3.5% interest subvention applicable only within this limit.
What happens if I do not have a salary account with SBI?
Employees without a salary account at SBI must submit a 'No Dues' certificate from their previous banker.
How is the interest subvention applied?
The interest subvention is credited directly to the salary accounts of the employees, reducing their effective loan repayment rates.
Always confirm the latest details on the official portal before applying.
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