E-Rickshaw Kalyan Yojana

Description
The scheme “E-Rickshaw Kalyan Yojana” was launched by the Cooperative Department, Government of Uttarakhand. The scheme aims to promote self-employment among unemployed youth in the state by providing affordable loans for the purchase of e-rickshaws, thereby enhancing their livelihoods.

Exclusions
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Benefits
• Under this scheme, loans are provided to unemployed youth for the purchase of e-rickshaws at an annual interest rate of 9%. Additionally, under the Pradhan Mantri Suraksha Bima Yojana, savings account holders receive an insurance cover of ₹2.00 lakh for an annual premium of ₹12/-.
• Beneficiaries aged between 18 and 50 can also avail benefits under the Pradhan Mantri Jeevan Jyoti Bima Yojana by paying a premium of ₹330/- through their savings accounts.
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Eligibility Criteria
1. - The applicant must be a permanent resident of Uttarakhand.
2. - The applicant should be currently unemployed.
3. - The applicant must possess a valid driving license.
4. - The applicant must not be more than 55 years of age.
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Required Documents
• Dealer’s quotation for the e-rickshaw
• Details of two guarantors
• Permanent Residence Certificate
• Aadhaar Card
• Bank account statement from the relevant cooperative bank
• Voter ID card with local address
• Electricity bill or water bill in the applicant’s name
• Valid driving license
• Tenancy certificate (for applicants renting a house)
• Uttarakhand Permanent Resident Certificate (mandatory for all applicants)

Frequently Asked Questions
Q: Who can benefit from this scheme?
A: Unemployed youth who are permanent residents of Uttarakhand, aged below 55 years, and possessing a valid driving license are eligible.
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Q: What is the purpose of the scheme?
A: The scheme aims to enhance livelihoods by supporting self-employment and entrepreneurship through the purchase of e-rickshaws.
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Q: What is the interest rate on the loan?
A: Loans are provided at an annual interest rate of 9%.
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Q: How can I apply for a loan under this scheme?
A: Applicants must visit the nearest cooperative bank, obtain the application form, open an account, and submit the required documents.
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Q: Is there any insurance benefit under the scheme?
A: Yes. Under the Pradhan Mantri Suraksha Bima Yojana, savings account holders receive an insurance cover of ₹2.00 lakh for an annual premium of ₹12/-. Additionally, beneficiaries aged 18–50 can avail of Pradhan Mantri Jeevan Jyoti Bima by paying a premium of ₹330/-.
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Q: Can applicants from rural areas apply?
A: Yes, unemployed youth from urban, semi-urban, and rural areas are eligible.
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Q: How will the loan amount be disbursed?
A: Upon approval, the bank disburses the loan amount directly to the dealer from whom the e-rickshaw is purchased.
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