MoU signing
A view of the MoU signing programme. Photo credit - Northeast Now

A Memorandum of Understating (MoU) for subsidized home loan (Apon Ghar) and education loan (Bidyalakhmi) was signed between the Assam Government and the Langpi Dehangi Rural Bank (LDRB) for State Government employees of Assam on Thursday.

“The Government of Assam signed the MoU with Langpi Dehangi Rural Bank (sponsored by the State Bank of India) for offering subsidised home loan (Apon Ghar) and eductaion loan (Bidya Lakhmi) to State Government Employees drawing salary from LDR Bank in three districts of Karbi Anglong, West Karbi Anglong and Dima Hasao in Assam,” stated the chairman, LDRB.

In a programme held at the office of the Commissioner and Secretary, Finance, the MoU was signed and exchanged by LDRB chairman KC Das and genral manager DK Bhowmik and for the Assam Government, Joint Secretary K Thakuria and DY Secretary A Barman in presence of Commissioner and Secretary Shyam Jagannathan.

“Under the Apon Ghar scheme, State Government employees will be able to get home loan up to Rs 15 lakh at the rate of 8.50 per cent out of which the Government of Assam will give subsidy of 3.50 per cent. Under the Bidya Lakhmi scheme, wards of State Government employees will get a subsidy of 4.00 per cent from the State Government,” it added.

The scheme is likely to benefit around 2500 State Government employees in the three districts.

Pankaj Kumar Deb is Northeast Now Correspondent in Haflong. He can be reached at: [email protected]