SESVLSY

"Vahan Loan Sahay Yojana" is a component under the "Self-Employment Scheme" that provides on-road unit cost to self-employed individuals for purchasing vehicles such as rickshaws, loading rickshaws, Maruti cars, and jeep taxis.

"Vahan Loan Sahay Yojana" is a component under the "Self-Employment Scheme" introduced by the Social Justice and Empowerment Department, Gujarat. Under this scheme, self-employed individuals can avail of financial assistance as on-road unit cost for purchasing vehicles such as rickshaws, loading rickshaws, Maruti cars, jeep taxis, etc. The scheme is being implemented by the Gujarat Unreserved Education and Economical Development Corporation.

• The applicant must be a resident of Gujarat.
• The applicant must belong to the unreserved category.
• The applicant's age should be between 18 years and 50 years.
• The applicant must have a valid driving license.
• The vehicle purchased under the scheme must be mortgaged (hypothecated) to the corporation.
• The applicant must be willing to repay the loan in equal monthly installments over 5 years.
• The annual income limit of the family should be ₹6,00,000/- or less.

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> Note:

• The interest rate on the loan will be 5 percent simple interest per annum and 4 percent for women.
• The simple interest will be calculated based on the amount of the loan given per year.
• Only 1 person from a family can avail of the scheme benefits.
• A maximum of 5 beneficiaries per village will be selected.

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Financial Assistance: On-road unit cost for vehicles like rickshaws, loading rickshaws, Maruti, jeep-taxi, etc.