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Banking,Financial Services and Insurance; Skills & Employment

6% Interest Subsidy on Loans taken for Vehicle Purchase through Banks

The scheme aims to support Scheduled Tribe (ST) individuals in purchasing vehicles for self-employment purposes. Under this scheme, tribal beneficiaries availing bank loans for vehicle purchase with interest subsidy. This financial support helps reduce the repayment burden on tribal entrepreneurs.

Authority

State/ UT

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

- 6% interest subsidy on bank loans for vehicle purchase. | - Loan eligibility range: ₹5,00,000 to ₹20,00,000.

Who can apply

The applicant must be a resident of tribal areas in Gujarat.; The applicant must belong to the Scheduled Tribe (ST) category.; The applicant must have taken a bank loan specifically for vehicle purchase.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Who can apply for this scheme?

Only Scheduled Tribe individuals from Gujarat who have taken a vehicle loan for self-employment.

What is the range of eligible loan amounts?

Loans between ₹5,00,000 and ₹20,00,000.

What is the subsidy provided?

A 6% interest subsidy on the loan.

Is there any income limit to apply?

No, there is no income limit.

Can private vehicles be purchased under this scheme?

No, the vehicle must be used for self-employment or commercial purposes.

Where can the application form be obtained?

The application form obtains From the Project Administrator’s office in Gandhinagar or tribal district offices.

Is the application form available online?

No, it is only available offline.

Is there any cost to get the form?

No, the form is free of cost.

Where should applications be submitted?

The application submitted at the office of the Tribal District Sponsorship Administrator.

What key documents are required?

Aadhaar card, caste certificate, loan approval letter, vehicle purchase bill, RC book copy, and passport photos.