What you get
- Under this scheme, loans are provided to unemployed youth for the purchase of e-rickshaws at an annual interest rate of 9%. Additionally, under the Pradhan Mantri Suraksha Bima Yojana, savings account holders receive an insurance cover of ₹2.00 lakh for an annual premium of ₹12/-. | - Beneficiaries aged between 18 and 50 can also avail benefits under the Pradhan Mantri Jeevan Jyoti Bima Yojana by paying a premium of ₹330/- through their savings accounts.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who can benefit from this scheme?
Unemployed youth who are permanent residents of Uttarakhand, aged below 55 years, and possessing a valid driving license are eligible.
What is the purpose of the scheme?
The scheme aims to enhance livelihoods by supporting self-employment and entrepreneurship through the purchase of e-rickshaws.
What is the interest rate on the loan?
Loans are provided at an annual interest rate of 9%.
How can I apply for a loan under this scheme?
Applicants must visit the nearest cooperative bank, obtain the application form, open an account, and submit the required documents.
Is there any insurance benefit under the scheme?
Yes. Under the Pradhan Mantri Suraksha Bima Yojana, savings account holders receive an insurance cover of ₹2.00 lakh for an annual premium of ₹12/-. Additionally, beneficiaries aged 18–50 can avail of Pradhan Mantri Jeevan Jyoti Bima by paying a premium of ₹330/-.
Can applicants from rural areas apply?
Yes, unemployed youth from urban, semi-urban, and rural areas are eligible.
How will the loan amount be disbursed?
Upon approval, the bank disburses the loan amount directly to the dealer from whom the e-rickshaw is purchased.