RIMC Scholarship (Military Scholarship) 2026

This Gujarat government scheme provides a 6% interest subsidy on bank loans taken by Scheduled Tribe (ST) Read More... individuals to purchase vehicles for self-employment purposes. Read less

Details

Looking to start a business that requires a vehicle? The Gujarat government has a scheme to help Scheduled Tribe (ST) individuals with their vehicle purchase loans.

What Is This Scheme?

Launched by the Tribal Development Department of Gujarat, this initiative aims to make it easier for tribal community members to buy vehicles for their self-employment ventures. It works by reducing the interest burden on loans taken from banks for buying vehicles.

Who Can Benefit From This Scheme?

This scheme is specifically designed for individuals belonging to the Scheduled Tribe (ST) category who are residents of tribal areas in Gujarat.

Why This Scheme Is Important

Buying a vehicle can be a big investment, especially when it's for business. This scheme helps reduce the financial pressure by subsidizing the interest on your loan. This support encourages more ST beneficiaries to pursue mobility-based self-employment, contributing to their economic growth.

Objective

This Gujarat government scheme provides a 6% interest subsidy on bank loans taken by Scheduled Tribe (ST) individuals to purchase vehicles for self-employment purposes.

Benefits

The scholarship is payable to students at the rate of ₹1,000/- per month.

Sources and references

Guidelines (Page No. 75)

Eligibility Criteria

You must be a resident of any tribal area in Gujarat.
You must belong to the Scheduled Tribe (ST) category.
You must have secured a bank loan specifically for purchasing a vehicle.

How To Apply

To apply for this scheme, you need to get the application form from the following offices:

Project Administrator’s office in Gandhinagar.
Tribal district offices.

The application form is available offline and is free of cost. Once filled, submit it at the office of the Tribal District Sponsorship Administrator.

Official Application Link:

This scheme operates via offline applications. No online link is provided.

Documents Required

Aadhaar Card
Bill of Vehicle Purchase
Copy of RC Book
Loan Approval Letter
Bank Passbook or Cancelled Cheque
Caste Certificate
Identity Card
Passport-size Photos

FAQ’s

Which type of vehicle can I purchase under this scheme?

The vehicle purchased must be for self-employment or commercial use. Private use vehicles are not eligible.

Where can I get the application form for the interest subsidy?

You can get the application form from the Project Administrator’s office in Gandhinagar or from the tribal district offices. The form is free.

What is the interest subsidy amount provided by the scheme?

The scheme provides a 6% interest subsidy on the bank loan taken for purchasing a vehicle.

Can anyone apply for this vehicle loan subsidy?

No, this scheme is exclusively for individuals who are residents of tribal areas in Gujarat and belong to the Scheduled Tribe (ST) category, and who have taken a loan for a vehicle for self-employment.

What is the maximum loan amount that is eligible for the subsidy?

The scheme is applicable for bank loans for vehicle purchase ranging from ₹5,00,000 to ₹20,00,000.

Is there an income ceiling to be eligible for this scheme?

No, the scheme does not have any income limit for applicants.

How do I submit my application?

After filling out the form, you need to submit it at the office of the Tribal District Sponsorship Administrator.

Are the application forms available online?

No, the application form for this scheme is available only offline.

What are the essential documents needed for the application?

Key documents include your Aadhaar card, caste certificate, the loan approval letter, the vehicle purchase bill, a copy of the RC book, and passport-sized photos.