Scheme Name: Transport Loan Scheme

State: Assam

Description of the Scheme: Main purpose is to provide financial assistance for purchase of the following:
? Tourist Transport vehicle sponsored by Tourism.
? Trucks ( with minimum 3 years of experience in operation of own trucks )
? Tankers for carrying petroleum products (with confirmed placement order )
? Deluxe Bus (with necessary route permit)

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Maximum limit of assistance of 80% of the cost of Chassis and Body subject to maximum.

"Financial Information (Subsidy, low interest rate, etc.)":

• Primary Security: Loan sanctioned shall be secured by hypothecation of the vehicle financed.
• Personal guarantee of the promoter(s) shall be obtained.
• Collateral Security in the form of immovable assets shall obtained so as to retain a security margin of at least 50% of the loan amount.
• Collateral Security to the extent of 5% of the loan amount in the form of Fixed Deposit (face value)/NSC/LIC Policies (Surrender Value) shall be obtained. However for proposals sponsored by ATDC this clause may be waived.

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

Whom to Contact: Vittiya Bhavan, M.S. Road, Paltanbazar, Guwahati-Assam-781 008
Phone : 0361-2739839,2633658
Fax: 0361-2521859.
Email: afcghy@gmail.com / afc_ho@yahoo.com