Assam SLC Scheme – Government Employee Get Paperless Loan & Advance Salary

Before the legislative assembly election, the Assam state government launched the SLC Scheme (Salary-linked credit scheme). This is basically a digital salary advance and a credit facility started for the 5 lakh government employees. The employees of the Assam government get a facility of an advanced salary and credit facility with minimal paperwork.

Employees now have the facility to withdraw some part of their salary in advance. After the implementation of this scheme, it will decrease the paperwork and increase transparency in the loan system. After the launch of this scheme, within 12 hours, 120 government employees took advantage of the scheme, and the government distributed 1.9 crore Rupees. If you are an employee of the Assam Government, then you can avail the benefit of this scheme. This is a very good initiative started by CM Himanta Biswa Sarma.

A new scheme was rolled out by the state government of Assam in March 2026. This scheme is launched for the government employees of the state. This scheme is known as the SLC Scheme Assam. Which means the Salary Linked Credit Scheme and ESA, i.e. Earned Salary Advance. With the help of these services, all the state government employee will get the paperless finance credit in their account without taking the financial burden at a high cost. So, know the process of the scheme.

Assam SLC Scheme

Now, before the election in favour of government employees of the state, Assam announced the new scheme with Salary Linked Credit Scheme and Earned Salary Advance Schemes, in which the government provide the facilities to all the government employees to get fast and paperless credit access. The scheme can be implemented all over the state with their digital platform, i.e. FinAssam. The complete and detailed information on the SLC Scheme Assam is explained in this post.

With the help of these services, more than 5 lakh government employees of the state will get the benefits of the scheme. They can also manage their short-term financial needs and reduce the burden of depending on borrowing.

Overview of SLC Scheme

SLC Scheme Benefits

• There is no paperwork required to get the credit.
• The digital platform of the state government, i.e. FinAssam, manages this scheme and provides quick and transparent credit in this scheme.
• Loan repayment of this scheme can be easily deducted from the salary account of the employee every month.
• Employee also reduce their burden to get a small credit amount with the burden of a high interest rate.
• The interest rate under this scheme is also very low.
• There is no middleman required for a quick process.

Features of Assam SLC Scheme

• Beneficiaries: All the state government employees of Assam state will get the benefits of the scheme, and it covers 5 lakh employees.
• Motive to Launch: The main motive of this scheme is to provide financial credit at the time of need to the government employee and reduce the burden of high-cost borrowing.
• Digitalisation: This scheme provides the benefits to the beneficiaries through the online digital platform of the Assam government, i.e. FinAssam. It will help the employee to get a secure, paperless, quick and digital process to manage their financial needs.
• Scheme Partner:- The MoU of this scheme is signed between the Government of Assam and  BillMart to provide the services to the beneficiaries.
• Benefits: The government provides the benefits of quick, transparent, Fast, digital and Easy credit facilities and also reduces the burden of high-cost credit.
• SLC: Here SLC stands for Salary Linked Credit, in which the government offer them to credit product direct into the payroll.
• ESA: ESA means Earned Salary Advance, in which the government allow them to access their earned wages before the payday.

Assam Salary Linked Credit Scheme

• Rate of Interest: The interest rate of this scheme is capped, and it will not exceed 20% per year.
• Amount of Credit: All government employees have the option for credit having range from 2 to 12 months of their salary.
• Processing Fee: This service is free of cost; there is no kind of transaction or processing fee charged.
• Loan repayment: 50% of the net Salary will be deducted per month.

Assam Earned Salary Advance

• ESA Interest Rate: This is an interest-free facility given by the state government.
• Transaction Charges: It is 1%, which also includes GST.
• Amount of Loan: All government employee will get access to a portion of their salary before payday.

Assam SLC Scheme Apply Online

• Open Portal: Every employee needs to open the FinAssam Portal of the scheme.
• Login: Using the employee ID to login on the FinAssam Portal.
• Select Service: Now, here you have to select the service or component of the scheme, i.e. SLC or ESA.
• Choose Amount: Now, here you have to check your work record and also choose the amount that you require.
• Verification: After it, employee have to receive the one-time password in their mobile number for digital verification. Then, if required, upload the documents.
• Get Credit: After verification, click on apply and then you will get the credit amount in your salary account.

Repayment of Credit

• IN ESA: In this service, the state government will take the repayment of credit in advance from your next month’s salary.
• IN SLC: you can choose your own time to pay back the credit amount. You will get a maximum of 5 years to pay back the amount in small amounts. Which may be deducted from your salary every month.

Related: Atmanirbhar Assam 3.0

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