The Cooperative Banks of Himachal Pradesh has been designated preferred banks under the state government Rajiv Gandhi Swarozgar Start Up Yojana-2023.
The Cabinet meeting held recently has given its consent to provide 50 percent subsidy for the purchase of e-taxis under the Rajiv Gandhi Swarozgar Start Up Yojana-2023 within three months after depositing 10 percent margin money and disbursement of installment of loans by the banks.
To implement the scheme UCO bank has been designated as Nodal Bank for sanctioning loan, whereas H.P. State Cooperative Bank, Jogindra Central Cooperative Bank and Kangra Central Cooperative Bank have been designated as preferred banks.
These cooperative banks will play a vital role in extending financial support to applicants, ensuring that the benefits of the subsidy reach a broader audience.
The loans for purchasing e-taxis will be offered at a competitive interest rate of 7.9 percent per annum.