Meghalaya Agriculture Response Vehicle Scheme

Meghalaya Agriculture Response Vehicle Scheme क्या है?

The scheme “Meghalaya Agriculture Response Vehicle Scheme” was launched by the Department of Agriculture & Farmers’ Welfare, Government of Meghalaya to provide Small Commercial Vehicles and pickups at each CD Block across Meghalaya with 50% financial aid from the Government of Meghalaya.

लाभ

**The following benefits are provided under the scheme:** - 200 agriculture transport vehicles to be distributed across Meghalaya for individual entrepreneurs and any registered farmer’s organizations with 50% financial aid. - Vehicles will be pre-fitted with GPS devices. - Farmers will have access to more vehicles dedicated to agriculture transportation services. - The Project Management Unit will help in the connection between the farmers and agriculture response vehicles when demand arises. > **Financing Plan:** - Financing of the vehicles to the selected beneficiaries of the scheme shall be done through any branch of Meghalaya Rural Bank (MRB). - The bank will sanction 50% of the on-road vehicle cost of the beneficiary in the form of a term loan. **Rate of interest and repayment schedule:** - Prevailing rate of interest shall be charged by the bank and the repayment schedule will be 5 years. MRB will keep the rate of interest as fixed for the complete loan term. **Quantum and Nature of Financial Assistance:** **a) Down payment Support:** 1. Total down payment will be 50% of the on-road cost of the vehicle. - Out of which, the Agriculture Department, Government of Meghalaya shall pay 90%. - And the remaining 10% shall be paid by the beneficiary. **b) EMI support:** 2. To reduce the burden of the operational cost on the beneficiaries in the first two years of his business, the Agriculture Department, GoM will support the beneficiary by paying: - 85% of the EMI in the first

स्तर

State — Meghalaya

मंत्रालय / विभाग

Agriculture Department

लाभ का प्रकार

cash

मुख्य पात्रता

> **Individual applicants:** 1. Individuals who are permanent residents of Meghalaya and are above 18 years and below 58 years of age are eligible for the scheme. 1. The applicant must have a valid commercial driving license before buying the vehicle from the dealer. 1. The applicant must provide va

अंतिम सत्यापन

Recently

Benefits

**The following benefits are provided under the scheme:** - 200 agriculture transport vehicles to be distributed across Meghalaya for individual entrepreneurs and any registered farmer’s organizations with 50% financial aid. - Vehicles will be pre-fitted with GPS devices. - Farmers will have access to more vehicles dedicated to agriculture transportation services. - The Project Management Unit will help in the connection between the farmers and agriculture response vehicles when demand arises. > **Financing Plan:** - Financing of the vehicles to the selected beneficiaries of the scheme shall be done through any branch of Meghalaya Rural Bank (MRB). - The bank will sanction 50% of the on-road vehicle cost of the beneficiary in the form of a term loan. **Rate of interest and repayment schedule:** - Prevailing rate of interest shall be charged by the bank and the repayment schedule will be 5 years. MRB will keep the rate of interest as fixed for the complete loan term. **Quantum and Nature of Financial Assistance:** **a) Down payment Support:** 1. Total down payment will be 50% of the on-road cost of the vehicle. - Out of which, the Agriculture Department, Government of Meghalaya shall pay 90%. - And the remaining 10% shall be paid by the beneficiary. **b) EMI support:** 2. To reduce the burden of the operational cost on the beneficiaries in the first two years of his business, the Agriculture Department, GoM will support the beneficiary by paying: - 85% of the EMI in the first

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 01: Physical forms can be collected from the office of the District Agriculture Offices. Step 02: If the applicant is filling the form physically, he/she will need to hand over the required documents to the District Agriculture Office at the Block office. Notes: Every detail in the form must be carefully filled. Self-attested required documents must be enclosed along with the form. Documents enclosed are to be marked correctly in the form. Completed form along with the attached documents must be submitted to District Agriculture. Officer' or 'District Horticulture Officer' of the concerned district. Incomplete applications will be rejected.

2. Step 2: Online application — step 1

   Step 01: Interested parties can get the applications Annexure 1 and Annexure 2 from the official website of the Agriculture and Farmers’ Welfare Department.

3. Step 3: Online application — step 2

   Step 02: Required documents along with the filled form can be uploaded online.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.