| Type of Loan | Transport Loan |
| Scheme name | Transport Loan Scheme |
| Purpose of the loan | - For purchase of tourist transport vehicle sponsored by Assam Tourism Development corporation;
- For purchase of trucks by borrowers having minimum 3 years of experience as truck operator
- For purchase of tankers for carrying petroleum products having confirmed placement order
- For purchase of deluxe bus having necessary route permit
|
| Eligibility Criteria | - Have experience for at least 3 years as a Transport operator
- Have at least one number of similar vehicle
- Have earned profit during last 2 Financial Years
- Have committed no default to Bank/FI
- Having obtained rating not below CA
|
| Limit of Assistance | Maximum: 80% of the cost of the Chassis and Body subject to maximum DER of 4:1 |
| Promoter’s contribution | 2:1 |
| Moratorium period | 12 months |
| Repayment period | Within a period of 48 months including the Moratorium Period of 3 to 6 months |
| Security | - Hypothecation of Vehicle financed
- Collateral Security in the form of immovable assets to retain Security Margin at least 50% of the loan
|
| Lending Rate of Interest | 10.50% - 12.50% |
