Apun Ghar Interest Subvention Scheme Assam Govt Employees

Overview

The Interest Subvention Scheme for Housing Loans under APUN GHAR is an Assam state government initiative for regular state government employees. Under this scheme, the government provides an interest subvention (subsidy on interest) on housing loans taken by eligible employees to purchase, construct, or repair their homes. The scheme reduces the effective cost of home loans and makes homeownership more affordable for government staff.

Objective

The scheme aims to support state government employees in acquiring their own homes by making housing loans cheaper through interest relief. It recognizes that regular employees often face financial strain when taking large home loans and provides targeted relief to ease the repayment burden.

Benefits

• Interest subvention on housing loans up to a defined principal amount
• Reduction in the effective EMI payable by the employee
• Subvention amount credited to the loan account, reducing the outstanding balance
• Applicable for new construction, purchase of a flat or house, or renovation

Eligibility

• Must be a regular (permanent) state government employee of Assam
• Must be a resident of Assam
• Housing loan must be availed from a scheduled bank or designated financial institution
• The employee should not own a pucca house in their name prior to availing the scheme
• Service continuity and minimum service period may apply as per scheme rules

Exclusions

• Contractual or daily wage government employees are not covered
• Employees who already own a pucca residence are excluded
• Loans taken for commercial property are not eligible
• Employees in default on any government dues may not qualify
• Second home loans or investment properties are excluded

Application Process

1. Apply through the employee’s parent department or the Assam Housing Board office
2. Obtain a sanction letter for the housing loan from the bank
3. Submit the application form with loan documents and employee details to the designated authority
4. The department verifies eligibility and forwards the case to the finance department
5. Approved subvention is disbursed directly to the loan account

Documents Required

• Service certificate from the department
• Aadhaar card and identity proof
• Housing loan sanction letter from the bank
• Property documents (sale deed, construction plan)
• Income certificate or salary slip
• Bank account details