Gujarat State Banking,Financial Services and InsuranceSkills & Employment

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

A Gujarat state scheme by the Tribal Development Department that gives Scheduled Tribe individuals a 6% interest subsidy on bank loans taken to purchase vehicles for self-employment. Loans between ₹5 lakh and ₹20 lakh are eligible. Apply offline at the office of the Project Administrator, Gujarat Tribal Development Corporation.

Tribal Development Department For: Individual Official Source
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About This Scheme

A Gujarat state scheme by the Tribal Development Department that gives Scheduled Tribe individuals a 6% interest subsidy on bank loans taken to purchase vehicles for self-employment. Loans between ₹5 lakh and ₹20 lakh are eligible. Apply offline at the office of the Project Administrator, Gujarat Tribal Development Corporation.

Full official description

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.

Benefits

  • 6% interest subsidy on bank loans for vehicle purchase
  • Eligible loan amount: ₹5,00,000 to ₹20,00,000

Who Can Apply (Eligibility)

  • Must be a resident of a tribal area in Gujarat
  • Must belong to the Scheduled Tribe (ST) category
  • Must have taken a bank loan specifically for purchasing a vehicle for self-employment

How to Apply

Offline

Step 1:**** The interested applicant should visit (during office hours) at the office of the Project Administrator, Gujarat Tribal Development Corporation, Gandhinagar, and all tribal district offices and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications. Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attestted, if required). Step 3: Submit the duly filled and signed application form along with the documents to the office of the Tribal District Sponsorship Administrator. Step 4: Request a receipt or acknowledgment from the office of the Tribal District Sponsorship Administrator. to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

Frequently Asked Questions

Who can apply for this scheme?

Only Scheduled Tribe individuals from Gujarat who have taken a vehicle loan for self-employment.

What is the range of eligible loan amounts?

Loans between ₹5,00,000 and ₹20,00,000.

What is the subsidy provided?

A 6% interest subsidy on the loan.

Is there any income limit to apply?

No, there is no income limit.

Can private vehicles be purchased under this scheme?

No, the vehicle must be used for self-employment or commercial purposes.

Where can the application form be obtained?

The application form obtains From the Project Administrator’s office in Gandhinagar or tribal district offices.

Is the application form available online?

No, it is only available offline.

Is there any cost to get the form?

No, the form is free of cost.

Where should applications be submitted?

The application submitted at the office of the Tribal District Sponsorship Administrator.

What key documents are required?

Aadhaar card, caste certificate, loan approval letter, vehicle purchase bill, RC book copy, and passport photos.

Ready to apply?

Visit the official government portal to apply for this scheme.

Apply on myScheme.gov.in

Documents Required

  • Aadhaar Card
  • Bill of Vehicle Purchase
  • Copy of RC Book
  • Loan Approval Letter
  • Bank Passbook/Cancelled Cheque
  • Caste Certificate
  • Identity Card
  • Passport-size Photos

Tags

EmploymentOpportunitySubsidyLoanScheduled Tribe
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