Airavata Scheme

This scheme envisages partnership with corporate aggregators like OLA and UBER to facilitate self-employment of rural youth through Radio Taxi and other successful cab transport ventures. Rural youth from SC/ST communities will be provided training, mentoring and other financial assistance to ensure secure and enhanced livelihoods. A subsidy of Rs. 5,00,000 will be offered to beneficiary to purchase a light motor vehicle through which not only will the beneficiary generate revenue but also it reduces the burden of EMI on the beneficiary.

Benefits:

• Beneficiary: Unemployed youth
• The beneficiaries will get up to rupees 5 lakh subsidy and financial help from the government side.
• The beneficiaries will get a 50% subsidy on the scheme.

Eligibility:

• The applicant should belong to the Scheduled caste community
• The applicant should be a resident of Karnataka
• The applicant should be above 21 years of age
• The applicant must hold a valid driving license and a cab badge
• The applicant's family annual income should not exceed Rs. 5,00,000/-
• Applicant will be considered ineligible if they/their family member has earlier availed a subsidy from the Corporation/Government of Karnataka exceeding Rs.1,00,000.
• The selection of applicants will be based on merit and merit will be decided upon parameters such as Age, Education qualification, cab badge and years of driving experience

Exclusions:

• The applicant is expected to drive on Ola or Uber platforms in cities where they operate. In rest of the districts the vehicles will be distributed as tourist taxis.
• The beneficiary is expected to undergo a training by Ola or Uber before being on boarded

Documents Required:

• Aadhar card
• Bonafide certificate
• PAN card
• Ration card
• Passport size photograph
• Driving License
• Category certificate
• Age proof certificate
• Valid mobile number

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

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.

Benefits:

• Subsidy of 33% on Vehicle value or up to a maximum of Rs 2,50,000/- will be given to each beneficiary to buy Auto Rickshaw/Taxi/Goods Vehicle.

Eligibility:

• Applicants must belong to State Religious Minority Community.
• The age limit of the applicant should be between 18 and 55 year
• The applicant must be a permanent resident of the State.
• Family income from all sources should be within Rs. 4.50 lakh per annum.
• Applicant must possess relevant driving License issued by the Regional Transport Authority.
• No member of the applicant's family should be an employee of the State/Central/ Government Public Sector Units.
• Applicant or his/her family members should have not availed any vehicle loan under any scheme of the State Government.
• The applicant shall not be a loan defaulter in KMDC.

Exclusions:

• No member of the applicant's family should be an employee of the State/Central/ Government Public Sector Units.
• Applicant or his/her family members should have not availed of any vehicle loan under any scheme of the State Government.

Documents Required:

• Online Application
• Beneficiary's latest 2 passport photographs.
• Caste and Income certificate.
• Aadhaar card copy.
• Driving License copy.
• An Affidavit from the beneficiary towards non-availment of loan facility under any scheme of the State Government for the purchase of the vehicle by the beneficiary and his/her family members.
• An affidavit towards non-transfer (alienation) of the vehicle obtained under this scheme during the loan period.
• Copy of Bank Passbook.
• Copy of Vehicle Quotation.
• Self-Declaration Form.