Commerce and Industry

Loan Scheme for Transport Vehicles in Assam / आसाम में परिवहन वाहनों के लिए ऋण योजना

आसाम में परिवहन वाहनों के लिए ऋण योजना (हिंदी में)

The Assam Financial Corporation (Government of Assam) has started Loan Scheme to purchase Transport Vehicles in Assam. The main purpose of the scheme is to provide loan for purchase transport vehicle, trucks, tankers for carrying Petroleum products and Deluxe Bus etc. The financial assistance under the scheme is only to provide to the existing transport operators who have good track records of performance and sound financial position. The maximum 80% of the cost of the vehicles is provided by the government and 20% cost should spend by an applicant. The Assam Financial Corporation was established as a Joint State Financial Corporation with two union territories of Manipur and Tripura and operating in the North-East Region. The main objective is to provide financial assistance to Micro; Small & Medium scale industries within its jurisdiction covering the North Eastern States of Assam, Meghalaya, Manipur, and Tripura

Benefits of Loan Scheme for Transport Vehicles in Assam:

  • The government provides loan to purchase Transport Vehicles
  • The maximum 80% of the cost of the vehicles is provided by the government and 20% cost should spend by applicant

The loan is provided for the following purposes:

  1. Tourist Transport vehicle sponsored by Tourism
  2. Trucks ( with minimum 3 years of experience in operation of own trucks )
  3. Tankers for carrying Petroleum products (with confirmed placement order )
  4. Deluxe Bus(with necessary route permit)

Eligibility for Loan Scheme for Transport Vehicles in Assam:

  1. Applicant should be resident of Assam state
  2. Assistance under the scheme will be available to only to existing transport operators having good track records of performance and sound financial position
  3. Applicant should have experience for at least 3years as a transport operator
  4. Applicant should not be Bank/Financial Institution defaulter

Documents required for Loan Scheme for Transport Vehicles in Assam:

  1. Aadhaar card
  2. Domicile Certificate
  3. Address proof
  4. PAN card
  5. Bank account statement
  6. Last 3 years financials with audit report
  7. Hypothecation of Assets financed by the Corporation

Application Procedure:

  1. Applicant should contact Assam Financial Corporation for more details about the terms & conditions and application procedure with required documents
  2. Loan under this scheme will be sanctioned by the Head Office Level Credit Committee

Contact Details:

  1. Vittiya Bhavan, M.S.Road, Paltanbazar, Guwahati-Assam (PIN-781 008)
  2. Email: afcghy@gmail.com & afc_ho@yahoo.com

References & Details:

  1. For more details about Loan Scheme for Transport Vehicles in Assam visit: http://www.afconline.gov.in/loan.html
  2. Loan Scheme for Transport Vehicles in Assam pdf download: http://www.afconline.gov.in/document/tls.pdf

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