Self-Employment Scheme: Vahan Loan Sahay Yojana

About This Scheme

"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.

Eligibility

1. The applicant must be a resident of Gujarat. 1. The applicant must belong to the unreserved category. 1. The applicant's age should be between 18 years and 50 years. 1. The applicant must have a valid driving license. 1. The vehicle purchased under the scheme must be mortgaged (hypothecated) to the corporation. 1. The applicant must be willing to repay the loan in equal monthly installments over 5 years. 1. The annual income limit of the family should be ₹6,00,000/- or less. > Note: 1. The interest rate on the loan will be 5 percent simple interest per annum and 4 percent for women. 1. The simple interest will be calculated based on the amount of the loan given per year. 1. Only 1 person from a family can avail of the scheme benefits. 1. A maximum of 5 beneficiaries per village will be selected.

Benefits

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

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.