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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.

Ministry / Department
Tribal Development Department
Level
State
Benefit type
cash
Last verified: Recently

What is 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.

Benefit
- 6% interest subsidy on bank loans for vehicle purchase. - Loan eligibility range: ₹5,00,000 to ₹20,00,000.
Level
State — Gujarat
Ministry / Dept.
Tribal Development Department
Benefit type
cash
Key eligibility
1. The applicant must be a resident of tribal areas in Gujarat. 1. The applicant must belong to the Scheduled Tribe (ST) category. 1. The applicant must have taken a bank loan specifically for vehicle purchase.
Last verified
Recently

Benefits

- 6% interest subsidy on bank loans for vehicle purchase. - Loan eligibility range: ₹5,00,000 to ₹20,00,000.

Eligibility

1. The applicant must be a resident of tribal areas in Gujarat. 1. The applicant must belong to the Scheduled Tribe (ST) category. 1. The applicant must have taken a bank loan specifically for vehicle purchase.Area: GujaratBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      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.

    2. Step 2: Offline application — step 2

      Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required).

    3. Step 3: Offline application — step 3

      Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator.

    4. Step 4: Offline application — step 4

      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).

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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