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HomeIndiaMini Truck Loan Subsidy Scheme 2021: 60 percent subsidy on mini trucks

Mini Truck Loan Subsidy Scheme 2021: 60 percent subsidy on mini trucks

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Truck Loan Subsidy: Know the eligibility of the scheme and what documents have to be given, apply now

Let us tell you at Truck Junction that the central government has operated welfare schemes. In this episode, recently a new scheme to give subsidy on four wheeler mini truck loan has been launched.

The main objective of this scheme is to help the minority community people who are working hard in the truck business and want to increase their business. During the Corona period, there was a big crisis on the truck traders across the country. Many truck owners had to sell their vehicles. Andhra Pradesh government has launched this new scheme in view of all these things.

The government has announced 60 percent subsidy on the purchase of mini trucks. There is also a provision in the scheme that the beneficiary will get this subsidy on the purchase of a mini truck only when he will transport the goods related to the subsidy to the homes of the people. At the same time, its beneficiaries will be only the people of the minority community.

Subsidy Loan Scheme: What is the eligibility to get subsidy

If you want to apply for Four Wheeler Mini Truck Subsidy Loan Scheme then it is necessary to be a permanent resident of Andhra Pradesh. Since such a scheme is running only in this state at present, people from the minority community living in Andhra Pradesh can take advantage of it. In this, the criterion of annual income of the family is Rs 12 thousand for the residents of urban area and Rs 10,000 for the villagers. Apart from this, the applicant should not be a government employee, should not be a pensioner, should not have any four wheeler in his name and he should not be a taxpayer. These are necessary conditions. The educational qualification required for loan for truck is minimum 7th standard pass.

Truck Subsidy: How to Apply Online

Four wheeler mini truck loan subsidy can also be applied online to take advantage of the new scheme launched by the Andhra Pradesh government. For truck subsidy, first you have to visit the official website of Andhra Pradesh Minorities Department. After this, on the home page, you have to click on Four Wheeler Mini Truck Scheme to Youth Minority. As soon as it is clicked on it, the page will open on the application form link. After that the print out can be taken. If you are a resident of Andhra Pradesh and come under the minority community, then you can take advantage of the Mini Truck Loan Subsidy Scheme under the prescribed rules.

Mini Truck Loan Subsidy: Entries of filled application in this way

Under the Mini Truck Loan Subsidy Scheme, let us tell you how you have to fill all the entries of the application correctly. First you have to fill your name and personal details. After this fill the details of mobile number, aadhaar number and educational qualification. At the same time, columns will have to be filled in the integrated caste certificate, sub-caste, place of residence of the applicant, LVM license number, due date, bank account number, IFSC code, monthly family income, vehicle availability etc.

Don’t forget to sign 

Applicants eligible for the new scheme of Government of Andhra Pradesh Mini Truck Loan Subsidy should not forget to put their signature in the space with their own signature when they fill the complete application form. Apart from this, if the number of house, street etc. is there in the residential description, then definitely write it. Fill the pincode correctly and paste your passport size photograph at the end.

Whether you want to buy a new truck or sell an old truck, benefit from economical freight, loan on truck , finance, insurance and other facilities at just one click, then login to the country’s fastest growing digital platform Truck Junction Do it and know everything to your advantage.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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