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

The loan covers 75% of a vehicle's cost, capped at ₹1.75 lakh per scooter or motorcycle — whichever of the two is lower applies. A single applicant can finance up to 10 vehicles, which takes the maximum total borrowing to ₹17.5 lakh.

Yes. The scheme is structured as an interest-free loan, and the interest-free period runs for 2 years from the date of disbursement. The loan itself has a maximum term of 3 years, with recovery in 35 equal monthly instalments, so the interest-free window covers most of the repayment schedule.

You need to be a permanent resident of Uttarakhand and aged between 18 and 55. A valid driving licence from the Transport Department is compulsory, you cannot be in default with any financial or cooperative institution, and your CIBIL score must be 700 or above.

Neither is listed among the scheme's requirements. Eligibility rests on Uttarakhand residency, age, a valid driving licence, a clean default record and a CIBIL score of at least 700.

There isn't one. The scheme operates on a rolling basis and stays open throughout the year, so you can approach your local cooperative bank for a form whenever you are ready.

Along with the completed application form, you will need an Aadhar card, a birth certificate, your bank account details, a permanent residence certificate, a quotation showing the ex-showroom price of the scooter or motorcycle you plan to buy, your driving licence, and details of two sureties.

Collect the application form from the cooperative bank in your area — the same bank that will handle your vehicle loan — and submit it there with all supporting documents. The scheme is also listed on the Cooperative Department's website at https://cooperative.uk.gov.in/scheme/kasturba-gandhi-balika-vidyalaya/.

Yes. An applicant may finance as many as 10 vehicles. That is how the ceiling rises from ₹1.75 lakh for a single two-wheeler to ₹17.5 lakh in total.

No. This is a debt scheme, so no shares or ownership stake are taken. You borrow a fixed amount and repay it in instalments over the loan term.

Your form is first scrutinised by the cooperative bank for completeness and basic eligibility. Shortlisted applications then go to the District Level Committee, chaired by the District Magistrate or the Chief Development Officer, which conducts the final review and selection of applicants.

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