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
The “6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks” scheme was launched by the Tribal Development Department, Government of Gujarat. It 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 while encouraging mobility-based self-employment opportunities.
Benefits
6% interest subsidy on bank loans for vehicle purchase.
Loan eligibility range: ₹5,00,000 to ₹20,00,000.
Eligibility Criteria
The applicant must be a resident of tribal areas in Gujarat.
The applicant must belong to the Scheduled Tribe (ST) category.
The applicant must have taken a bank loan specifically for vehicle purchase.
Application Process
Apply Offline
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).
Official Source: View on myScheme.gov.in
Benefits
6% interest subsidy on bank loans for vehicle purchase.
Loan eligibility range: ₹5,00,000 to ₹20,00,000.
Application Process
Apply Offline
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).
References & Official Links
Scheme Details
| Full Name | 6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks |
| Short Title | 6ISLTVPB |
| Level | State |
| Scheme For | Individual |
| Categories | Banking,Financial Services and Insurance, Skills & Employment |
| States | Gujarat |
| Gender | All |
| Caste/Category | ST |
| Area | Both |
| Source | myScheme.gov.in ↗ |