| Two
Wheeler loan for
The objective of the scheme is to assist Government/Public Sector/Private employees who belong
to backward classes / minorities to purchase two-wheeler for their personal traveling
purposes.
Quantum of Loan
This scheme is an own fund scheme of the corporation. Maximum loan
amount available under the Scheme is Rs.50,000/- per beneficiary
excluding Registration, insurance and life time tax.
Eligibility
1.The applicant must belong to any one of the notified Backward
Classes or minority communities of the state.
2.The annual family income of the applicant must be below Rs.3,00,000/-
3.The age of the applicant should be between 18 and 50 years.
Rate
of interest and repayment
The rate of interest is 8.5%. The entire loan amount shall be repaid
within a period of not exceeding 60 months in equated monthly installments
.
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