Sarkari Yojana
E-Rickshaw Kalyan Yojana
About E-Rickshaw Kalyan Yojana
The Cooperative Department, Government of Uttarakhand introduced the “E-Rickshaw Kalyan Yojana” to encourage self-employment among the state’s jobless youth. It offers low-cost loans for buying e-rickshaws so that young people can build a better livelihood.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for E-Rickshaw Kalyan Yojana, applicants must satisfy the following conditions:
Only permanent residents of Uttarakhand may apply
Only permanent residents of Uttarakhand may apply.
The applicant must not have a job at…
The applicant must not have a job at present.
A valid driving license is required
A valid driving license is required.
The applicant's age should not exceed 55 years
The applicant's age should not exceed 55 years.
Benefits Provided
E-Rickshaw Kalyan Yojana provides the following benefits to eligible applicants:
Jobless youth can borrow money to buy e-rickshaws…
Jobless youth can borrow money to buy e-rickshaws at an interest rate of 9% per annum. Savings account holders are also covered for ₹2.00 lakh under the Pradhan Mantri Suraksha Bima Yojana against a yearly premium of ₹12/-.
Those aged 18 to 50 may further enrol…
Those aged 18 to 50 may further enrol in the Pradhan Mantri Jeevan Jyoti Bima Yojana by paying a ₹330/- premium from their savings accounts.
Documents Required
Applicants should keep the following documents ready before starting the application:
Quotation for the e-rickshaw issued by the dealer
Quotation for the e-rickshaw issued by the dealer
Particulars of two guarantors
Particulars of two guarantors
Certificate of permanent residence
Certificate of permanent residence
Aadhaar identity card
Aadhaar identity card
Statement of account from the cooperative bank concerned
Statement of account from the cooperative bank concerned
Voter ID card showing the local address
Voter ID card showing the local address
Electricity or water bill standing in the applicant's…
Electricity or water bill standing in the applicant's name
A driving license that is currently valid
A driving license that is currently valid
Tenancy certificate, for applicants living in a rented…
Tenancy certificate, for applicants living in a rented house
Uttarakhand Permanent Resident Certificate (compulsory for every applicant)
Uttarakhand Permanent Resident Certificate (compulsory for every applicant)
How to Apply
Offline Application
Applicants can apply for E-Rickshaw Kalyan Yojana through the offline application process outlined below.
Application Process
Applicants seeking an e-rickshaw loan should go to their nearest cooperative bank and pick up the application form. Opening an account with that cooperative bank is compulsory, and the applicant as well as the two guarantors have to be enrolled as nominal members of the bank.
Submit the form together with these documents: the dealer's quotation, details of two guarantors, a permanent residence certificate, Aadhaar card, a statement from the bank concerned, voter ID card bearing a local address, an electricity or water bill in the applicant's name, and a valid driving license. Jobless applicants living in rented houses in urban, semi-urban or rural areas must additionally furnish a tenancy certificate and the Uttarakhand Permanent Resident Certificate.
After the application and documents are lodged, the bank examines and sanctions the loan and releases the money straight to the dealer. The applicant then pays back the loan in daily or monthly instalments with interest at 9% per year.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.