To finance transport operators for purchase of e-rickshaws.

• Age: 21 to 55 years.
• E-Rickshaw, for transportation of passengers (or) on hiring commercial goods, are eligible for financing under the Scheme
• The borrower (s) holds the necessary driving license or engage driver (s) possessing valid license to operate the type of vehicle.
• The borrower(s) should have been granted a permit by an appropriate authority to ply vehicle(s) for passengers or goods transportation.

.12.50% p.a subject to revision from time to time

•      Only one E-Rickshaw is to be financed at single point of time.
•     Total No. of E-Rickshaws financed under the scheme to a single borrower should not exceed 3 at any point subject to repayment capacity.
Margin:
Maximum 80% of On-road price of the vehicle

•      Economic viability
•      Minimum DSCR required 1:1.25

Repayment Period: Based on cash flow & DSCR, loan amount is repayable in a maximum of 4 years including moratorium period.

• KYC ( Aadhar , PAN card original & Xerox copies)
• KYC for residential proof
• Valid Driving License
• Quotation of purchasing vehicle 

direct link to service charges

Primary Security : Primary Security: Hypothecation of Vehicle financed.
Colleteral Security: Loans to be mandatorilv cover-ed CGFMU.