Self-Employment Scheme: Vahan Loan Sahay Yojana

Description
"Vahan Loan Sahay Yojana" is a component under the "Self-Employment Scheme" introduced by the Social Justice and Empowerment Department, Gujarat. Under this scheme, self-employed individuals can avail of financial assistance as on-road unit cost for purchasing vehicles such as rickshaws, loading rickshaws, Maruti cars, jeep taxis, etc. The scheme is being implemented by the Gujarat Unreserved Education and Economical Development Corporation.

Benefits
• Financial Assistance: On-road unit cost for vehicles like rickshaws, loading rickshaws, Maruti, jeep-taxi, etc.

Eligibility Criteria
1. The applicant must be a resident of Gujarat.
2. The applicant must belong to the unreserved category.
3. The applicant's age should be between 18 years and 50 years.
4. The applicant must have a valid driving license.
5. The vehicle purchased under the scheme must be mortgaged (hypothecated) to the corporation.
6. The applicant must be willing to repay the loan in equal monthly installments over 5 years.
7. The annual income limit of the family should be ₹6,00,000/- or less.
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9. > **Note**:
10. The interest rate on the loan will be 5 percent simple interest per annum and 4 percent for women.
11. The simple interest will be calculated based on the amount of the loan given per year.
12. Only 1 person from a family can avail of the scheme benefits.
13. A maximum of 5 beneficiaries per village will be selected.
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Application Process
Step 1: Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under the Corporation menu.
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Step 1: Go to the Corporation's official website and navigate to the "Gujarat Unreserved Education and Economical Development Corporation" section under the Corporation menu.

Step 2: Step 2:Click on "Vahan Loan Sahay Yojana" under "Self-Employment Scheme" and then Apply Now.
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Step 2:Click on "Vahan Loan Sahay Yojana" under "Self-Employment Scheme" and then Apply Now.

Step 3: Step 3: Click on "New User? Please Register Here".
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Step 3: Click on "New User? Please Register Here".

Step 4: Step 4: Enter the required details and click Register.
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Step 4: Enter the required details and click Register.

Step 5: Step 1: Enter your User ID, Password, and Captcha Code, then click "Login".
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Step 1: Enter your User ID, Password, and Captcha Code, then click "Login".

Step 6: Step 2: Read the scheme details carefully and click OK.
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Step 2: Read the scheme details carefully and click OK.

Step 7: Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address.
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Step 3: If your permanent address is correct, confirm it. Otherwise, enter your correct address.

Step 8: Step 4: Click Save & Next to proceed. Upload the relevant documents.
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Step 4: Click Save & Next to proceed. Upload the relevant documents.

Step 9: Step 5: If you need to make changes, click "No, Cancel". If all details are correct, click "Yes, Submit".
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Step 5: If you need to make changes, click "No, Cancel". If all details are correct, click "Yes, Submit".

Step 10: Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application.
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Step 6: Click Save Application. Note down your Application Number for future reference. You can also take a printout by clicking Print Application.

Required Documents
• Application form in the prescribed format for self-employment
• Bank statement
• Non-deposit certificate
• Income certificate
• Proof of residence
• Copy of Aadhaar card
• Proof of age
• Educational qualification
• Copy of L.C.
• Driving license
• Business proposal
• business proposal
• Bank statement
• Bank passbook copy.

Frequently Asked Questions
Q: Who is eligible to apply for the Vahan Loan Sahay Yojana?
A: Any self-employed individual with a valid driving license is eligible to apply for the scheme.

Q: What types of vehicles are covered under this scheme?
A: The scheme covers vehicles such as rickshaws, loading rickshaws, Maruti cars, and jeep taxis.

Q: How are beneficiaries selected for the loan scheme?
A: Beneficiaries are selected through a computerized draw system to ensure fairness and transparency.

Q: Can more than one member of a family apply for the scheme?
A: No, only one person from a family is eligible to avail of the benefits under this scheme.

Q: Is there any preference given to women applicants?
A: Yes, at least 10% of the selected beneficiaries will be women applicants.

Q: How will an applicant be notified if they are selected?
A: Selected applicants will receive notifications via email and SMS regarding their application status.

Q: What happens if an applicant fails to submit the required documents on time?
A: If an applicant fails to submit the necessary documents within the stipulated timeframe, their application will be rejected.

Q: What is the repayment period for the loan?
A: The loan must be repaid in equal monthly installments over a period of five years.

Q: Is it mandatory to mortgage the vehicle under this scheme?
A: Yes, the acquired vehicle must be hypothecated to the corporation as per the scheme guidelines.

Q: What is the maximum number of beneficiaries selected per village?
A: A maximum of five beneficiaries from a single village can be selected under this scheme.

Q: Where must the final documents be submitted after receiving approval?
A: After approval, the applicant must submit the required documents to the office of the District Manager in their respective district.