Small Scale Self Self-Oriented Business Vehicle Loan Scheme online Form 2022
Scheme Form | Loan Assistance Standards | Small Scale Self Self-Oriented Business Vehicle Loan new Scheme 2022
Small Scale Self-employment Oriented Business Vehicle Loan Scheme Online Form 2022
- Onroad unit costs for self-driving vehicles such as rickshaws, loading trucks, Maruti Ecos, jeep-taxi etc.
- Up to Rs.10.00 lakh for any business you work for such as business or grocery store, medical store, ready-made clothing store, bookstore etc. or actual costs, depending on which ones are less, will be provided by the borrowed organization.
- Transportation, transportation, travelers, food courts, etc. will be eligible for 3% interest on a loan of Rs.
Terms of credit for self-employment plans 2022
- The applicant must have a valid license from the car loan scheme.
- The acquired vehicle will need to be included in the mortgage (hypothecation) to the company.
- The loan must be repaid in equal monthly installments for five years after three months of acquisition of the vehicle.
- A small business will need to start within three months of receiving the loan and after three months of starting the business the loan will be repaid with the same monthly installment for five years.
- With a loan amounting to Rs.2.50 lakh or less, the beneficiary will have to bear the burden of the relative's property which costs twice the value and half of the loan amount.
- If the total amount of the loan is more than Rs. 3.50 lakh, the total amount will have to be secured to secure his or another relative's real estate company.
- Each borrower will be required to provide five signed checks in favor of the organization.
All self-service programs will also have the following qualifications.
- The applicant must be a native of Gujarat and have a reservation.
- The age of the applicant must be between 18 and 30 years.
- The interest on the loan will be 5% per annum on simple interest and 3% on women.
- The same amount will be borrowed annually. Simple interest will be properly considered.
- Interest rate: The interest rate on the loan will be 5% per annum for easy interest and 5% for women.
- Salary limit: The annual family income limit is Rs. 4.00 lakhs or less.
An Important Date
Deadline for Application Before 28/02/2022