Motorcycle Taxi Yojana — Interest-Free Loan Up to ₹17.5L

The Motorcycle Taxi Yojana is a livelihood scheme from the Cooperative Department, Government of Uttarakhand. It is built around a straightforward idea: give residents who want to work for themselves an affordable route to owning a two-wheeler, and let them earn from it by ferrying travellers.

Rather than a grant or a subsidy, the programme works as a loan channel routed through the cooperative banking network. A bank in the applicant's district finances most of the cost of a scooter or motorcycle, and the borrower repays it in monthly instalments out of taxi earnings. Because no interest is charged during the initial period, the instalment stays manageable for a first-time operator with no business track record.

There is a public purpose behind the money as well. Two-wheeler taxis reach places that buses and larger cabs cannot, so every sanctioned loan adds capacity on tourist and last-mile routes across the state while creating a household-level micro-enterprise for the borrower.

Applications run on a rolling basis — there is no fixed application window — and the entire journey, from collecting the form to the release of funds to the vehicle dealer, stays inside the cooperative banking system and a district-level selection committee.

• Interest-free loan for the first 2 years
• Up to ₹1.75 lakh per scooter or motorcycle (75% of cost)
• Maximum 10 vehicles per applicant — up to ₹17.5 lakh in total
• 3-year loan term repaid over 35 monthly instalments
• Open to Uttarakhand residents aged 18-55 with a CIBIL score of 700+
• Rolling applications through your local cooperative bank

Eligibility for this scheme is defined around the individual applicant rather than a company or a startup.

• Residency: you must be a permanent resident of Uttarakhand. Applicants domiciled outside the state are not covered.
• Age: between 18 and 55 years.
• Driving licence: a current licence from the Transport Department is compulsory.
• Credit record: a CIBIL score of 700 or higher is required.
• No defaults: you must not be in default with any financial institution or cooperative body.

The published criteria do not mention DPIIT recognition or MSME registration, and no particular industry, entity type or startup stage is specified. This is a scheme for individuals setting up their own transport micro-enterprise.

Motorcycle Taxi Yojana — Interest-Free Loan Up to ₹17.5L is open to startups at any stage. It is open to startups registered anywhere in India.

Motorcycle Taxi Yojana — Interest-Free Loan Up to ₹17.5L 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.

This is a debt product, not a grant — the support comes as an interest-free loan for buying a scooter or motorcycle to operate as a motorcycle taxi. No equity is taken in return.

• Per vehicle: the loan covers 75% of the vehicle's cost, capped at ₹1.75 lakh, whichever is lower.
• Per applicant: up to 10 vehicles can be financed, taking the maximum possible borrowing to ₹17.5 lakh.
• Interest-free period: 2 years.
• Loan term: up to 3 years.
• Repayment: 35 equal monthly instalments, starting one month after disbursement.

Disbursement does not happen in cash to the borrower. The sanctioned amount is paid directly to the dealer or firm supplying the scooter or motorcycle, so the funding stays tied to the vehicle purchase.

Motorcycle Taxi Yojana — Interest-Free Loan Up to ₹17.5L 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.

There is no test or pitch round. Assessment happens in two stages.

1. Bank scrutiny. The cooperative bank where you submit your form checks that the application is complete and that you meet the basic criteria — residency, age, driving licence, default status and CIBIL score.

2. District Level Committee review. Applications that clear scrutiny are forwarded to the District Level Committee, chaired by the District Magistrate or the Chief Development Officer. This committee carries out the final review and selects eligible applicants, weighing the scheme's objectives against the resources available.

After selection, approved applications travel back through the District Cooperative Bank Head Office to the relevant bank branches. The branch completes the prescribed formalities, issues a loan sanction letter, and then the sanctioned amount is released directly to the vehicle dealer.

Before you apply to Motorcycle Taxi Yojana — Interest-Free Loan Up to ₹17.5L, 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.

Motorcycle Taxi Yojana — Interest-Free Loan Up to ₹17.5L is best suited for startups in India seeking non-dilutive funding of ₹17.5L. If that describes your startup, review the eligibility criteria above before applying.