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E-Rickshaw Kalyan Yojana: The main objective of the E-Rickshaw Welfare Scheme is to provide employment opportunities to unemployed youth in Uttarakhand. Through environmentally friendly vehicles like e-rickshaws, young people are encouraged to become self-employed, thereby strengthening their economic condition.
E-Rickshaw Kalyan Yojana: Unemployment is one of the biggest challenges facing young people today. Keeping this problem in mind, the Uttarakhand government has launched the E-Rickshaw Welfare Scheme to connect young people with self-employment. This scheme, operated by the Cooperative Department, aims to make unemployed youth in the state self-reliant by providing them with loans at low-interest rates. Under this scheme, young people can buy e-rickshaws and create their own source of income.
Scheme Objectives
The main objective of the E-Rickshaw Kalyan Yojana is to provide employment opportunities to unemployed youth in Uttarakhand. Through environmentally friendly vehicles like e-rickshaws, young people are encouraged to become self-employed, thereby strengthening their economic condition.
Key Benefits of the Scheme
Under this scheme, eligible beneficiaries are provided with a loan to purchase an e-rickshaw at an annual interest rate of 9 per cent. In addition, beneficiaries can also avail themselves of the Central Government's insurance schemes. Accident insurance cover of up to ₹2 lakh under the Pradhan Mantri Suraksha Bima Yojana for an annual premium of only ₹12. Life insurance facility for beneficiaries aged 18 to 50 years under the Pradhan Mantri Jeevan Jyoti Bima Yojana for an annual premium of ₹330.
Application Process (Offline)
- To obtain a loan for purchasing an e-rickshaw, the applicant has to apply at their nearest cooperative bank.
- Obtain the application form from the concerned cooperative bank.
- Opening an account with the bank is mandatory.
- The applicant and their two guarantors will be made nominal members of the bank.
- Submit the application form along with all the necessary documents to the bank.
After verification of the application, the loan is sanctioned by the bank. Upon approval, the loan amount is directly disbursed to the e-rickshaw dealer. The beneficiary then has to repay the loan amount in daily or monthly installments with an annual interest rate of 9 percent.
Required Documents
The following documents will be required at the time of application:
- E-rickshaw dealer's quotation
- Details of two guarantors
- Uttarakhand permanent residence certificate
- Aadhaar card
- Bank statement from the relevant cooperative bank
- Voter ID card with local address
- Electricity or water bill
- Valid driving license
- Rent agreement certificate for those living in rented accommodation
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