CSUSME-TO

The "Chanakya Swayam Upadhi Scheme for Micro Entrepreneurship - Transport Operator" provides subsidies for the purchase of Four-wheelers to unemployed youth for their livelihood. This scheme is applicable for economically weak Brahmins of Andhra Pradesh, who want to settle as transport operators.

Andhra Pradesh Brahmin Welfare Corporation (APBWC), a Government of Andhra Pradesh undertaking, is introducing the “Chanakya Swayam Upadhi Scheme for Micro Entrepreneurship - Transport Operator” a subsidy scheme for unemployed youth for purchasing Four- wheeler (self-Driven) for public transport purposes with the collaboration of AP Brahmin Co-operative Credit Society Ltd., Regd No. ABC-CS/006/2015, Vijayawada.

Objective:

To provide subsidy for purchase of Four-wheelers to the unemployed Brahmin youth for their livelihood. This scheme is applicable for economically weak Brahmins of Andhra Pradesh, who want to settle as transport operators in Andhra Pradesh.

• The applicant should belong to the Brahmin Community and reside in Andhra Pradesh only.
• The applicant should be a member of the AP Brahmin Welfare Cooperative Credit Society.
• The applicant should be aged between 21 to 50 years as of 01.04.2022.
• The applicant should have passed the 10th class.
• The present annual income of the applicant and his family from all sources should not exceed ₹1,00,000/-
• The applicant should not possess any three/four-wheeler in his/her name.
• The applicant should possess a valid permanent driving license as of the date of application.
• The applicant should have a valid badge No./valid proof of identity as driver proof as of the date of the application.
• The applicant should not have availed himself/herself of any financial assistance under other government schemes/programs for the same purpose.
• The applicant and his/ her family members who have availed financial assistance under Chanakya Swayam Upadhi Schemes earlier from AP Brahmin Welfare Corporation are not eligible under this scheme.

Following are the subsidy/funding patterns:

S. No.ParticularsTaxi (Swift Dezire Tour) in ₹ PetrolDezire Tour S(O) CNG BS – VI in ₹ CNG & Petrol1Approximate Unit (Vehicle) Cost ₹7,25,000/-₹8,25,000/-2Corporation’s backend subsidy (25% of the vehicle cost)Not more than ₹2,00,000/-Not more than ₹2,00,000/-3Beneficiary Contribution (min. of 10% of the vehicle cost)₹72,500/-₹82,500/-4Loan from AP Brahmin Cooperative Credit Society repayable in monthly installments as per the ABC-CS guidelines)Initially ₹6,25,500/- will be provided as a term loan and a 25% subsidy will be released on clearing of ₹4,52,500/- loan amount together with the interest to the society. Initially ₹7,42,500/- will be provided as a term loan and a 25% subsidy will be released on clearing of ₹5,42,500/- loan amount together with the interest to the society.