Indian Government is planning for bring easy loan scheme for taxi and three wheeler auto rickshaw for Indian. Any person can apply for loan for any type of commercial three wheeler and four wheeler vehicles like (Maruti Van, Mahindra Bolero, Tata Sumo etc.) which can be used as taxi.
Government is looking for great scope for self employment and earning opportunity in field of local transportation. Government will announce very soon the scheme for full loan with easy process for taxi and auto rickshaw. Central Government will give the loan to any unemployed person who is residents of India. Government will not take any mortgage against loan for taxi or auto rickshaw.
The applicant should be matriculate (board exam pass) minimum. He/she should be aged between 18 to 45 years.
The return of loan will be in very easy installment. The installment will be flexible. If any person can not pay full installment monthly then he can reduce installment amount any time. Only installment period will be increased. The application will be accepted by Government and after that Government will give instruction to local branch of any national bank for sanction of loan.
Government will give loan more easily to any micro transport agency for maximum 10 taxis. Registered micro scale transport agency can pay installment easily and on time. Government will have not depute more recovery agent if a transporter takes loans for 10 taxis in compare of 10 individual loan taker.
Every vehicles (Four Wheeler or Three Wheeler) will have to insured from best vehicles insurance company of India. The installment of loan will be included for installment of vehicles insurance. So installment of vehicles installment would be monthly/ quarterly/ half yearly or yearly for commercial vehicles. Its depends on your installment payment mode of loan.
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