Transport Loan Scheme

About This Scheme

"Transport Loan Scheme" by the Delhi Scheduled Castes, Scheduled Tribes, Other Backward Classes, Minorities & Safai Karamchari Finance and Development Corporation (DSFDC), Government of NCT of Delhi, aims to promote self-employment among beneficiaries of the target groups by providing term loans for the purchase of Light Motor Vehicles (LMVs). The scheme offers financial assistance up to ₹5,00,000/- to eligible applicants. The target groups include Scheduled Castes, Other Backward Classes, Minorities, and Safai Karamcharis.

Eligibility

- The applicant should be from one of the following target groups - Scheduled Castes, Other Backward Classes, Minorities, and Safai Karamcharis. - The applicant should be a permanent resident of Delhi. - The applicant’s age should be between 18 to 45 years. - The annual family income of the applicants (under Scheduled Caste, Other Backward Classes & Minority category) from all sources should not exceed ₹1,20,000/- per annum. - For the creamy layer of the Minority category, the maximum income ceiling is ₹6,00,000/- per annum. - There is no income limit prescribed under the Safai Karamchari category. - Bonafide valid commercial driving licence & badge required (Light Motor Vehicle). - The applicant should have not been declared as a defaulter under any scheme of DSFDC, Nationalized Bank, Financial Institution, or Co-operative Bank etc.

Benefits

The scheme provides term loans up to ₹5,00,000/- for the purchase of Light Motor Vehicles (LMVs). _*The loan is recovered in 60 monthly installments over a period of five years, with six months as a moratorium period._ _*Loans are disbursed subject to the completion of pre and post-sanction formalities._

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.