6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks
The scheme aims to support Scheduled Tribe (ST) individuals in purchasing vehicles for self-employment purposes. Under this scheme, tribal beneficiaries availing bank loans for vehicle purchase with interest subsidy. This financial support helps reduce the repayment burden on tribal entrepreneurs.
About This Scheme
Benefits
₹5.0 L
- 6% interest subsidy on bank loans for vehicle purchase.
- Loan eligibility range: ₹5,00,000 to ₹20,00,000.
Eligibility
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Required Documents
- ✦Aadhaar Card
- ✦Bill of Vehicle Purchase
- ✦Copy of RC Book
- ✦Loan Approval Letter
- ✦Bank Passbook/Cancelled Cheque
- ✦Caste Certificate
- ✦Identity Card
- ✦Passport-size Photos
✦ Required ◦ Optional
How to Apply
Step 1: The interested applicant should visit (during office hours) at the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, and all tribal district offices and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator.
Step 4: Request a receipt or acknowledgment from the office of the Tribal District Sponsorship Administrator. to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L