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

The scheme does not fix a flat loan figure — the amount varies and is tied to the cost of the e-rickshaw you intend to buy. That cost is established through a dealer's quotation, which you attach to your application. The bank then sanctions the loan against that quotation.

Interest is charged at 9% per annum. Repayment is made in daily or monthly instalments, whichever the loan agreement specifies, and continues until the borrowed amount plus interest is cleared.

You need to be a permanent resident of Uttarakhand, be unemployed at the time of applying, hold a valid driving licence, and be no more than 55 years of age. All four conditions are checked by the bank before your application is approved.

No. Applications are accepted on a rolling, always-open basis, so you can approach a cooperative bank in Uttarakhand at any point during the year. There is no application window that closes on a particular date.

No. DPIIT recognition and MSME registration do not feature among the eligibility conditions for this scheme. What matters is your residency status, your unemployment, your driving licence, and your age, along with the guarantors and documents submitted through the cooperative bank.

No. This is a loan, so it is non-dilutive — the bank does not receive any ownership share or stake in your venture. You simply repay the borrowed amount with interest at 9% per annum over the agreed schedule.

You will need the completed application form, a dealer's quotation for the e-rickshaw, details of two guarantors, a Permanent Residence Certificate, your Aadhaar card, a bank account statement, a voter ID card, an electricity or water bill in your own name, and a valid driving licence. If you live in rented accommodation, add a tenancy certificate on top of the Uttarakhand Permanent Resident Certificate.

Yes. Two guarantors must be named in the application, and both of them — along with you — have to be registered as nominal members of the cooperative bank where you apply. The bank also assesses their credibility as part of the review.

Go to your nearest cooperative bank in Uttarakhand and collect the application form there. You will need to open an account with that bank and ensure you and your two guarantors are enrolled as nominal members before submitting the completed form and documents.

After the bank verifies your documents and confirms that you meet the eligibility criteria, the loan is sanctioned and the funds are disbursed directly to the e-rickshaw dealer to pay for the vehicle. You then start repaying the loan in daily or monthly instalments at 9% per annum.

Yes, optionally. Beneficiaries can take insurance coverage under the Pradhan Mantri Suraksha Bima Yojana and the Pradhan Mantri Jeevan Jyoti Bima Yojana, provided they are savings account holders aged between 18 and 50 and pay the separate annual premiums for each cover.

E-Rickshaw Kalyan Yojana — 9% Loans for Unemployed Youth in Uttarakhand is offered by Cooperative Department, Government of Uttarakhand, a government body. It is provided as non-dilutive funding.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.