6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks
in Gujarat
Last updated:
6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks in Gujarat
6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks is a government scheme available to eligible residents of Gujarat.
Apply for 6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks in Gujarat
Scheme Overview
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.
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.
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Benefits
6% interest subsidy on bank loans for vehicle purchase.
Loan eligibility range: ₹5,00,000 to ₹20,00,000.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Bill of Vehicle Purchase |
| 3 | Copy of RC Book |
| 4 | Loan Approval Letter |
| 5 | Bank Passbook/Cancelled Cheque |
| 6 | Caste Certificate |
| 7 | Identity Card |
| 8 | Passport-size Photos |
How to Apply in Gujarat
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 o…
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).
Offline 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.
Offline 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, a…
Offline 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).
Common questions in Gujarat
Who can apply for 6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for 6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks. Refer to the eligibility section above for the complete checklist.
What documents are required for 6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Only Scheduled Tribe individuals from Gujarat who have taken a vehicle loan for self-employment. <br>