Vehicle Loan Scheme for SC/ST – DAADC Gujarat
Overview
The Passenger Vehicle/Loading Vehicle Loan Scheme is run by the Developing Advancement and Assistance of Developing Corporation (DAADC) in Gujarat. It provides financial support to SC/ST individuals who want to purchase a vehicle for commercial use.
This scheme helps people from marginalized communities start their own transport-based livelihood. It covers both passenger vehicles and goods-carrying (loading) vehicles.
Objective
The main goal is to promote self-employment among SC/ST communities in Gujarat. By offering easy access to vehicle loans, the scheme helps individuals break the cycle of wage dependency and build a stable income through transport work.
Benefits
- Loan provided to purchase passenger or loading vehicles
- Subsidized interest rates compared to commercial banks
- Repayment period structured to ease monthly burden
- Direct support for income-generating assets
Eligibility
- Applicant must belong to Scheduled Caste or Scheduled Tribe
- Must be a resident of Gujarat
- Age typically between 18 and 55 years
- Annual income must be within limits set by DAADC
- Should not have an existing vehicle loan from a government body
Exclusions
- Applicants from general or OBC categories are not eligible
- Those with existing government loan defaults will not qualify
- Purchase of private-use vehicles is not covered
- Applicants residing outside Gujarat are excluded
Application Process
- Visit the nearest DAADC district office in Gujarat
- Collect and fill out the loan application form
- Submit the form along with required documents
- The office will verify details and conduct a field inquiry
- On approval, the loan amount is disbursed
Documents Required
- Caste certificate issued by competent authority
- Aadhaar card and address proof
- Income certificate from revenue officer
- Passport-size photographs
- Vehicle quotation from an authorized dealer
- Bank account details
