Mhaji Bus Scheme
The scheme provides a subsidy of ₹3/- per kilometer operated, 50% reimbursement of the annual insurance premium paid up to a maximum of ₹30,000/-, and assistance of ₹10,00,000/- for replacing buses older than 15 years with new buses having a minimum seating capacity of 27.
About This Scheme
Benefits
₹3
A subsidy of ₹3/- per kilometer operated shall be provided to eligible bus operators under the scheme.
₹30.0K
Bus Insurance Subsidy is provided as 50% reimbursement of the annual insurance premium paid up to a maximum of ₹30,000/-.
₹10.0 L
The scheme provides Assistance of ₹10,00,000/- for replacing buses older than 15 years, with new buses having a minimum seating capacity of 27.
The operator shall retain full fare revenue collected from the passengers and shall not be required to deposit any fare amount with the Kadamba Transport Corporation Limited.
Bus operators participating in the scheme shall be entitled to receive 50% of the revenue generated from advertisements displayed on their buses.
Mobilization advance, if required, may be sanctioned up to 60 days of operational subsidy based on the recommendation of Kadamba Transport Corporation Limited.
##### Disbursement
Kilometers for Financial assistance will be considered as per the Fare Chart issued along with the stage carriage permit by the Regional Transport Authority.
The amount collected through Kadamba Transport Corporation Smart transit Passes and Smart transit cards will be reimbursed to the respective operators as per the guidelines set by Kadamba Transport Corporation Limited.
Eligibility
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Required Documents
- ✦Registration Certificate (RC).
- ✦Valid Stage Carriage Permit.
- ✦Insurance Certificate.
- ✦Pollution Under Control (PUC) Certificate.
- ✦Photograph Of The Bus.
- ✦Aadhaar Card.
- ✦Cancelled Cheque Or Bank Passbook Copy.
- ✦Form-MM2 (Undertaking Of Compliance).
- ✦Copy Of The Vehicle’s Registration Certificate (RC).
- ✦Copy Of The Valid Stage Carriage Permit.
- ✦Copy Of The Valid Fitness Certificate And Insurance Certificate.
- ✦Proof Of Up-To-Date Payment Of Passenger And Road Taxes.
- ✦Clearance Certificate For Any Pending Prosecutions Related To The Vehicles.
- ✦Documents Certifying The Operational Kilometers Issued By The Permit-Issuing Authority (Required for Fuel Subsidy Claim, Annexure A ).
- ✦Copy Of Insurance Certificate And Premium Paid (Required for Insurance Subsidy Claim, Annexure B ).
- ✦Invoice Or Proforma Invoice From The Dealer Of The Vehicle Within The State Of Goa, Showing The Cost Price Of The Vehicle (Required for Bus Replacement Subsidy Claim, Annexure C ).
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹10.0 L
