6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks

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.

Eligibility

1. The applicant must be a resident of tribal areas in Gujarat. 1. The applicant must belong to the Scheduled Tribe (ST) category. 1. The applicant must have taken a bank loan specifically for vehicle purchase.

Benefits

- 6% interest subsidy on bank loans for vehicle purchase. - Loan eligibility range: ₹5,00,000 to ₹20,00,000.

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.