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Subsidy Scheme For Purchase Of Taxi / Goods Vehicle / Passenger Autorickshaw

Application Process
Documents Required
Frequently Asked Questions
This Scheme is implemented by the Karnataka Minorities Development Corporation Limited in collaboration with nationalized / Scheduled banks. Those beneficiaries who are sanctioned/approved for loans from the Banks for the purchase of Passenger Autorickshaws / Goods Vehicle / Taxi will be provided a subsidy of 33% of the value of the vehicle or a maximum subsidy of Rs. 2.5 Lakhs. The vehicle subsidized through KMDC shall be displayed on the vehicle as "Subsidized by KMDC". Women will be given priority in this scheme. The vehicle purchased under this scheme should not be sold to others during the tenure of the loan. If any insurance payment is claimed, the insurance payment details should be shared with the corporation. The beneficiaries will be selected by a Selection Panel. The District Manager should certify the “photo of the beneficiary along with the subsidized vehicle” in the file.

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