Ø      Eligibility :

à  Age: 18-55 years.

à  Possesses a permanent valid driving license.

à  Should be a permanent resident of the village

à  Monthly income Rs.2500/- (Minimum)

Ø      Purpose :

à  To enable the Small vendors or SHGs in rural / semi urban/ metropolitan areas transporting the Agri or allied produces to the market centres / outlets.

Ø      Amount of loan :

à  Maximum of Rs.25000/- (Road price inclusive of Registration, Road Tax and Insurance)

Ø      Margin :

à  10% of the total on-road price

Ø      Rate of Interest :            

@ BPLR + TP – 2.50% i.e., 10.50%  

Ø      Security :

à  Hypothecation of Vehicles.

Ø      Repayment :

à  To be repaid within 36 monthly installments without any holiday period.