Central GovernmentVerified
Transport Loan Scheme
"Transport Loan Scheme" aims to promote self-employment among target groups by providing term loans for Light Motor Vehicles. The scheme benefits Scheduled Castes, Other Backward Classes, Minorities, and Safai Karamcharis with financial assistance up to ₹5,00,000/-.
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About This Scheme
"Transport Loan Scheme" by the Delhi Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities & Safai Karamchari Finance and Development Corporation (DSFDC), Government of NCT of Delhi, aims to promote self-employment among beneficiaries of the target groups by providing term loans for the purchase of Light Motor Vehicles (LMVs). The scheme offers financial assistance up to ₹5,00,000/- to eligible applicants. The target groups include Scheduled Castes, Other Backward Classes, Minorities, and Safai Karamcharis.
Benefits
₹5.0 L
The scheme provides term loans up to ₹5,00,000/- for the purchase of Light Motor Vehicles (LMVs).
_*The loan is recovered in 60 monthly installments over a period of five years, with six months as a moratorium period._
_*Loans are disbursed subject to the completion of pre and post-sanction formalities._
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦05 Passport Size Photographs of the applicant.
- ✦Copy of Voter ID/Aadhaar Card/Ration Card.
- ✦Copy of Age Proof (age should be 18 to 45 years).
- ✦Copy of the Commercial Licence and Badge (Light Motor Vehicle).
- ✦Income Certificate issued by Sub-Divisional Magistrate (SDM) of the area concerned in respect of Scheduled Caste/Other Backward Classes & Minorities.
- ✦Affidavit declaring not availed any loan from any Bank/Financial Institute etc.
- ✦Quotation of the Vehicle.
- ✦Processing Fee of ₹350/- in favour of DSFDC.
- ✦Affidavit for Personal Guarantee.
- ✦Affidavit of Legal Heir of the applicant.
- ✦Copy of Legal Heir’s ID and one passport size latest photograph.
- ✦Caste Certificate is required to be submitted for Scheduled Caste/Other Backward Classes category issued by the concerned area Sub-Divisional Magistrate (SDM). For Minority category, an affidavit indicating the caste/religion is required. However, for Safai Karamchari category, the following persons are considered eligible for availing financial assistance under the various schemes of National Safai Karamcharis Finance and Development Corporation (NSKFDC):
- ✦Scavengers/Safai Karamcharis and their dependants duly identified under the National Scheme for Liberation and Rehabilitation of Scavengers (NSLRS) through a survey.
- ✦Registered co-operative societies of Safai Karamcharis.
- ✦Legally constituted association/firm promoted by the target groups.
- ✦Persons who produce a certificate from local Revenue Officer/local Municipal Officer/Cantonment Executive Officer/Railway Officer, Head of the Government Departments (i.e., Schools, Colleges, Forest, Health, Education, Animal Husbandry) having rank not less than Gazetted Officer, Elected Members of Municipal Body, Pradhan of Gram Panchayats, and Regional Managers of Regional Rural Banks (RRBs)/Nationalized Banks. However, under the Manual Scavengers Act, 2013, a person identified as a Manual Sca
- ✦Forms are available in the Head Quarter (Rohini) as well as Branch Offices (Raj Pur Road, Nand Nagari & Mangol Puri) of the Corporation. However, the same can be downloaded from the official website of the Corporation i.e. (http://delhi.gov.in/wps/wcm/connect/doit_dsfdc/DSFDC/Home/).
- ✦Guarantor(s) Passport Size Photo (04).
- ✦Guarantor(s) Undertaking/Details.
- ✦Latest Pay Slip of Guarantor(s).
- ✦Copy of Office ID Card.
- ✦Copy of Ration Card/Voter ID/Aadhaar Card of Guarantor(s).
- ✦Copy of Guarantor(s) Age Proof.
- ✦Guarantor(s) Affidavit.
- ✦05 Post-Dated Cheques (PDCs) of Guarantor(s) (in case of loan above ₹2,00,000/-).
- ✦Electronic Clearing Service (ECS) Mandate Form duly filled in the prescribed format.
- ✦ID Proofs of two local witnesses along with their physical presence at the time of signing of Deeds.
- ✦Copies of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to be submitted by the applicant.
- ✦Group Photographs with applicant, guarantor(s), Witnesses, and Scheme In-charge & Dealing Assistant.
✦ Required ◦ Optional
How to Apply
IIn-person
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L