E-Rickshaw Kalyan Yojana
By Cooperative Department, Government of Uttarakhand
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Quick Answer
Loans at 9% annual interest for unemployed youth in Uttarakhand to buy an e-rickshaw and start their own business.
- Funding amount
- Varies
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Uttarakhand
About this loan
Unemployed youth in Uttarakhand can get a loan at 9% annual interest to buy an e-rickshaw and start their own business. The scheme is run by the Cooperative Department, Government of Uttarakhand.
You must be a permanent resident of Uttarakhand, currently unemployed, hold a valid driving license and be no more than 55 years of age. You may also be eligible for insurance under the Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. Premiums are separate.
Eligibility
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Grant providers
Benefits & Funding
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
Under this scheme, unemployed youth in Uttarakhand can avail affordable loans to purchase e-rickshaws, enabling them to start their own self-employment ventures. The loans are provided at an annual interest rate of 9%. This financial support aims to enhance the livelihoods of beneficiaries by providing a crucial asset for their business. Additionally, beneficiaries may be eligible for insurance coverage under the Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, requiring separate premiums, which provides an added layer of security.
- Disbursement
- Lump Sum
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are reviewed by the cooperative bank based on the submitted documents and eligibility criteria. This includes verification of residency, employment status, driving license validity, and age. The bank also assesses the credibility of the applicant and their guarantors. Once all documents are verified and criteria met, the loan is approved for disbursement to facilitate the purchase of the e-rickshaw.
Application Process
- 1
Collect Application Form
Visit the nearest cooperative bank in Uttarakhand to collect the official application form for the scheme.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
Who is eligible to apply for the E-Rickshaw Kalyan Yojana?
Applicants must be permanent residents of Uttarakhand, currently unemployed, possess a valid driving license, and be no older than 55 years of age. They should be seeking to establish a self-employment venture through e-rickshaw operation.
What are the key financial benefits of this scheme?
The scheme provides affordable loans for purchasing e-rickshaws at an annual interest rate of 9%, helping unemployed youth achieve self-employment. The loan amount covers the cost of the e-rickshaw, directly facilitating their entry into the transportation business.
How do I apply for the e-rickshaw loan under this scheme?
To apply, you must visit the nearest cooperative bank in Uttarakhand, open an account, and both you and two guarantors must be designated as nominal members of the bank. You will then submit the application form with all required documents.
What documents are required for the application process?
Required documents include a dealer's quotation for the e-rickshaw, details of two guarantors, a permanent residence certificate, Aadhaar card, bank account statement from the relevant bank, voter ID card with a local address, an electricity or water bill in the applicant’s name, and a valid driving license. If renting, a tenancy certificate is also required alongside the Uttarakhand Permanent Resident Certificate.
What happens after my loan application is approved?
Upon approval, the bank disburses the loan funds directly to the e-rickshaw dealer. The applicant is then responsible for commencing the repayment of the loan in daily or monthly installments, along with the specified annual interest rate of 9%, as per the agreed terms and conditions.
Are there any additional benefits apart from the loan?
While the primary benefit is the e-rickshaw loan, beneficiaries aged between 18 and 50 who are savings account holders can also opt to avail insurance coverage under the Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana by paying the respective annual premiums.
Sources
Data on this page is compiled from official program and provider references.
