AI SummaryMotorcycle Taxi Yojana is a state-led scheme of the Government of Uttarakhand that provides interest-free loans to residents for buying motorcycles or scooters to run taxi services. The scheme improves tourism connectivity and creates income opportunities for local people who want to start their own transport business.
Cooperative Department of the Government of Uttarakhand runs Motorcycle Taxi Yojana. Eligible applicants get a loan covering 75% of the vehicle cost, up to a maximum of ₹1.75 lakh per vehicle, with zero interest for two years. The scheme continues to appear on the official department website and applications are accepted through the network of cooperative banks in the state.
Motorcycle Taxi Yojana - Introduction
Motorcycle Taxi Yojana is a helpful scheme from the Cooperative Department of the Government of Uttarakhand for residents who want to earn from two-wheeler taxi services. The loan covers most of the vehicle price, so people do not need a large amount in hand to start. It mainly supports areas with less public transport and busy tourist places where short-distance travel demand is high.
Under this scheme, the loan amount goes directly to the vehicle dealer, not to the applicant. The beneficiary arranges 25% of the vehicle cost and repays the loan in easy monthly installments. Up to 10 motorcycles or scooters can be purchased under a single application.
| Key Parameter | Details |
|---|---|
| Scheme Name | Motorcycle Taxi Yojana |
| Beneficiary State | Uttarakhand |
| Benefit Type | Cash Loan |
| Interest Status | Interest-Free for 2 years |
| Loan Coverage | 75% of vehicle cost, up to ₹1.75 lakh per vehicle |
| Beneficiary Contribution | 25% of vehicle cost |
| Max Vehicles | 10 units |
| Nodal Department | Cooperative Department, Uttarakhand |
Benefits
This scheme gives solid financial support to start a two-wheeler taxi business:
| Benefit Component | Details |
|---|---|
| Loan Coverage | 75% of total cost or ₹1.75 lakh per vehicle, whichever is lower |
| Personal Contribution | 25% of the cost to be arranged by the applicant |
| Loan Tenure | 3 years total duration |
| Interest Rate | 0% (interest-free loan for 2 years) |
You can purchase up to 10 scooters or motorcycles to scale your taxi operations at major tourist hubs and city routes.
Eligibility
You can apply for Motorcycle Taxi Yojana if you meet the following conditions:
- Permanent residence: You must be a permanent resident of Uttarakhand.
- Age limit: Your age should be between 18 and 55 years.
- Driving license: You must hold a valid driving license issued by the Transport Department.
- Credit record: You should have a clean credit record reflected by a CIBIL score of 700 or above.
- No default history: You must not have defaulted on any earlier loan from a financial or cooperative institution.
Application Process
The loan is distributed through the cooperative bank network in Uttarakhand. Follow these steps to apply and start your business:
STEP 1 - Visit your nearest cooperative bank or the head office of the District Cooperative Bank and get the official Motorcycle Taxi Yojana application form in the prescribed format.
STEP 2 - Collect all required documents, including the vehicle quotation, valid driving license, permanent residence certificate and bank account details.
STEP 3 - Submit the completed application form with all supporting documents to the bank headquarters for district level verification.
STEP 4 - After verification, the form is placed before the District Level Committee, headed by the District Magistrate or Chief Development Officer, for selection.
STEP 5 - Once selected, the District Cooperative Bank Head Office forwards the application to your chosen branch for final processing.
STEP 6 - The branch completes the formalities, issues the loan approval letter and transfers the loan amount directly to the vehicle dealer from whom the motorcycle or scooter is purchased.
STEP 7 - Repay the loan in 35 equal monthly installments, starting one month after the vehicle is delivered.
Documents
Keep these documents ready before you submit the application:
- Aadhar Card as proof of identity.
- Birth Certificate to confirm your age.
- Valid Driving License issued by the Transport Department.
- Permanent Residence Certificate of Uttarakhand.
- Bank Account Details for loan processing.
- Vehicle Quotation showing the ex-showroom price.
- Details of two guarantors who can stand for the loan.
References
Official Scheme Guidelines PDF | Official Scheme Page - Cooperative Department | Uttarakhand e-Services Portal
FAQ's
Who is eligible to apply for Motorcycle Taxi Yojana?
Permanent residents of Uttarakhand aged 18 to 55 years with a valid driving license, a clean credit history (CIBIL 700 or above) and no default on earlier loans can apply.
What is the amount of financial support provided under this scheme?
The scheme gives an interest-free loan covering 75% of the vehicle cost, capped at ₹1.75 lakh per unit.
How much contribution is needed from the beneficiary?
The beneficiary has to arrange the remaining 25% of the total vehicle cost from own resources.
How many vehicles can a person buy under this scheme?
A person can purchase up to a maximum of 10 motorcycles or scooters under Motorcycle Taxi Yojana.
How will the loan be repaid?
The loan is repaid in 35 equal monthly installments, starting one month after the amount is disbursed to the dealer.
Is Motorcycle Taxi Yojana still open for applications?
Yes, the scheme is listed on the official website of the Cooperative Department of Uttarakhand, and applications are accepted through cooperative banks in the state.