Under this scheme loan is granted for purchasing LPG driven, 3 seated, new auto rickshaws under loan cum subsidy scheme. Applicant should be a resident of Chennai metropolitan area.

• Applicant should be a resident of Chennai metropolitan area
• Scheme is applicable for driver cum owner only
• Age of applicant should be between 25 and 40
• Applicant should possess valid driving license
• Applicant should not already possess any auto rickshaw permit
• Family income of applicant should not exceed Rs. 36000/- p.a.

More than one permit shall not be allotted to the same family under this scheme

* Preference will be given to Women and SC/ST candidates

Loan amount is restricted up to 90% of the cost of vehicle subject to maximum of Rs. 1,08,000/-

* Cost of vehicle inclusive of Insurance, Registration, Road Tax and cost of digital and fare meter

10% of cost of the vehicle.

Working Capital / Term Loan.

• Hypothecation of vehicle. Bank lien will be marked on RC book of the vehicle and also in the permit issued by Regional transport authority
• The Subsidy (back ended) of Rs. 25000/-will be treated as collateral security

LINK.

60 equal monthly installments with maximum moratorium period of 3 months