E-Rickshaw Kalyan Yojana — 9% Loans for Unemployed Youth in Uttarakhand

The E-Rickshaw Kalyan Yojana is a Uttarakhand government scheme delivered by the state's Cooperative Department. It exists to turn joblessness into self-employment by making vehicle finance reachable for young people who want to run their own e-rickshaw and earn from it.

This is a debt product, not a grant. The scheme does not publish a fixed loan amount — the sum depends on the e-rickshaw being bought, and the price is established through a dealer's quotation filed with the application. Borrowers repay at 9% per annum, in daily or monthly instalments, on the terms recorded in the loan agreement.

Applications run on a rolling basis, so there is no closing date to race against. All paperwork is handled through cooperative banks in Uttarakhand, and sanctioned funds are released directly to the e-rickshaw dealer rather than into the applicant's hands. The result is a route into the local transport trade for people who qualify but would otherwise struggle to raise the money.

• Loan-based scheme from the Cooperative Department, Government of Uttarakhand
• Interest charged at 9% per annum with daily or monthly repayment
• Open to unemployed permanent residents of Uttarakhand aged 55 or under
• Applications accepted on a rolling basis through cooperative banks in the state
• Loan amount is paid directly to the e-rickshaw dealer
• Optional PMSBY and PMJBY insurance cover at separate premiums

The Cooperative Department sets a short, individual-focused eligibility list, and the bank verifies every point before sanctioning the loan.

• You must be a permanent resident of Uttarakhand, backed by a Permanent Resident Certificate.
• You must be unemployed at the time of applying. This scheme is meant to create a livelihood, not to finance a business that is already running.
• You must hold a valid driving licence.
• You must be 55 years of age or younger.

There is no company or firm route here — the loan is taken in a personal capacity through a cooperative bank. To apply, you must open an account with that bank, and both you and your two guarantors have to be enrolled as nominal members of it.

E-Rickshaw Kalyan Yojana — 9% Loans for Unemployed Youth in Uttarakhand is open to startups at any stage. It is open to startups registered anywhere in India.

E-Rickshaw Kalyan Yojana — 9% Loans for Unemployed Youth in Uttarakhand accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.

The main benefit is a loan that funds the purchase of an e-rickshaw, giving the borrower a working asset and an income stream from day one.

• Interest is charged at 9% per annum.
• Repayment is made in daily or monthly instalments, as agreed with the bank.
• Funds are disbursed directly to the e-rickshaw dealer, so the vehicle is paid for without the borrower handling the money.
• Because this is a loan, no equity or ownership stake is taken in the borrower's venture.

Beyond the loan itself, beneficiaries may also take insurance cover under the Pradhan Mantri Suraksha Bima Yojana and the Pradhan Mantri Jeevan Jyoti Bima Yojana. These are optional and require separate premiums to be paid; savings account holders between 18 and 50 years of age can opt in for added financial security.

E-Rickshaw Kalyan Yojana — 9% Loans for Unemployed Youth in Uttarakhand is offered by Cooperative Department, Government of Uttarakhand, a government body. As a government-backed debt / loan, it is publicly funded and open to eligible startups across India.

Assessment happens inside the cooperative bank where the application is filed, not through a central committee.

The bank scrutinises the submitted paperwork for completeness and then checks the eligibility conditions one by one — residency, current employment status, the validity of the driving licence, and the applicant's age.

Alongside the eligibility test, the bank weighs the credibility of the applicant and of the two guarantors named in the form. Once the documents are verified and every criterion is satisfied, the loan is sanctioned and released for the purchase of the e-rickshaw. The borrower then begins repaying in daily or monthly instalments at 9% per annum, per the loan agreement.

Before you apply to E-Rickshaw Kalyan Yojana — 9% Loans for Unemployed Youth in Uttarakhand, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.