Karnataka Minorities Development
Corporation Limited

Government of Karnataka

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SWAVALAMBI SARATHI SCHEME

Subsidy Scheme for Purchase of Taxi / Goods Vehicle /  Passenger Autorickshaw 

Guidelines:

  1. This Scheme is implemented by the corporation in collaboration with nationalized / Scheduled banks.
  2. Those beneficiaries who are sanctioned / approved for loan from the Banks for the purchase of Passenger Autorickshaw / Goods Vehicle / Taxi will be provided a subsidy of 50% of the value of the vehicle or a maximum subsidy of Rs. 3.00 Lakhs.
  3. Women will be given priority.
  4. The vehicle purchased under this scheme should not be sold to others during the tenure of the loan.
  5. Beneficiary should submit information to KMDC District Office about the road tax and insurance along with supporting documents.

    6.If any insurance payment is claimed, the insurance payment details should be shared to the corporation.

    7. Beneficiary should contribute 10% of cost of vehicle.

    8.The vehicle subsidised through KMDC shall be displayed on the vehicle as "Subsidised by KMDC".

    9.The District Manager should certify the “photo of the beneficiary along with the subsidised vehicle” in the file.

    10. Permits are mandatory for passenger autorickshaws in urban areas.

Qualifications:    

(A) Applicants must belong to State Religious Minority Community.

(B) The applicant must be a permanent resident of the State.

(C) The age limit of the applicant should be between 18 and 55 years.

(D) Family income from all sources should be within Rs. 6.00 lakh per annum.

(E) No member of the applicant's family should be an employee of the State/Central/ Government Public Sector Units.

(F) Applicant must possess relevant driving License issued by the Regional Transport Authority.

(G) Applicant or his/her family members should have not availed any vehicle loan under any scheme of the State Government.

(H) The applicant shall not be a loan defaulter in KMDC.

 

Documents to be submitted:

  1. Online application
  2. Beneficiary's latest 2 passport photographs
  3. Caste and Income certificate
  4. Aadhaar card copy
  5. Driving License copy
  6. An Affidavit from the beneficiary towards non-availment of loan facility under any scheme of the State Government for the purchase of vehicle by the beneficiary and his/her family members.
  7. An affidavit towards non-transfer (alienation) of the vehicle obtained under this scheme during the loan period.

 

Selection Panel:

  1. Concerned Deputy Commissioner of the District - Chairman
  2. Chief Executive Officer of the Zilla Panchayat – Vice-Chairman
  3. Lead Bank Manager of the concerned District - Member
  4. Concerned District Regional Transport Officer - Member
  5. District Officer of the concerned District, Department of Minority Welfare- Member
  6. District Manager of KMDC in the concerned district - Member Secretary
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