Vehicle Subsidy Scheme In Karnataka Apply Online 2024

4 lakh subsidy for buying a vehicle, apply online | Vehicle Subsidy Scheme In Karnataka Apply Online @kmdconline.karnataka.gov.in

Hello everyone, are you a driver..? Do you need government subsidy (Vehicle Subsidy Scheme In Karnataka) to buy auto rickshaw, taxi, goods vehicle? If so we have given you complete information here. Read this article and get a government grant to make your career successful.

50% of the value of the vehicle or a maximum of Rs. 3,00,000 will be given as subsidy. A bank letter has to be submitted regarding obtaining a bank loan for the remaining amount of the vehicle.

Vehicle Subsidy Scheme In Karnataka

Name of the SchemeSwavalambi Sarathi Yojana
Amount of Subsidy50% of the vehicle’s value or a maximum of Rs. 3 lakhs
Applicant Age18 to 55 years
Name of CorporationKarnataka Minority Development Corporation Pvt

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Vehicle Subsidy Scheme In Karnataka Eligibility:

  • The applicant must belong to a religious minority in the state of Karnataka.
  • Applicant must be a permanent resident of Karnataka.
  • Applicants should be between 18 to 55 years of age.
  • Annual family income is Rs. Should be less than 4,50,000/-. (from all sources)
  • Applicants must possess Driving License issued by Regional Transport Officer (RTO).
  • No member of the applicant’s family should be a Central or State Government employee.
  • Applicant or his or her family members should not have availed loan facilities under any other scheme (other than awareness scheme) of Government or Corporation in last 05 years.
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Vehicle Subsidy Scheme In Karnataka Documents:

  • Caste Certificate issued by competent authority
  • Income Certificate issued by Competent Authority
  • Copy of Aadhaar Card (Proof of Residence)
  • Driving license copy
  • Copy of Bank Pass Book
  • Estimated price list of the vehicle
  • Self declaration letter
  • 2 recent passport size photographs of the beneficiary
  • Confirmation letter from District Manager that applicant and family members have not availed loan facility under any scheme of State Government for purchase of vehicle
  • Affidavit of non-encumberance of the vehicle obtained under this scheme

Selection Committee:

  • District Collectors concerned- Chairman
  • Zilla Panchayat Chief Executive Officer- Vice President
  • Manager – Member of the Lead Bank of the concerned district
  • Concerned District Regional Transport Officer -Members
  • District Officer, Minority Welfare Department of the concerned district- Members
  • District Manager- Member Secretary of CA Corporation of the concerned district

How to apply?

Eligible candidates can apply online along with required documents, application link is given below.

kmdc.karnataka.gov.in Online Application Link:

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Important Dates:

  • Last Date of Application Submission: 25-09-2023

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