Program brief
| Form of support | Cash, paid into the bank account |
|---|---|
| Meant for | Unemployed |
| Level | State, Madhya Pradesh |
| Field | Skills & Employment |
| How to apply | Offline |
Contents of this entry
Overview
This scheme aims to support self-employment for registered drivers and conductors by providing financial assistance for the purchase of vehicles to eligible beneficiaries.
The “Motor Vehicle Driver-Conductor Welfare Scheme- Chief Minister Self-Employment Scheme for Drivers/Conductors” has been launched by the Transport Department, Government of Madhya Pradesh. The scheme aims to promote self-employment and economic stability among registered transport vehicle drivers and conductors. Under this scheme, financial assistance, margin money subsidy, interest subsidy, and credit support are provided to the beneficiaries for purchasing their own transport vehicle.
Further facts from the listing
| Scheme for | Individual |
|---|---|
| DBT (direct bank transfer) | No |
Benefits
Financial Assistance
Project Cost: Rs. 20,000 to Rs. 10,00,000
Margin Money Subsidy:
- General Category: 15 percent of project cost, up to Rs. 1,00,000 (Scheduled Caste, Scheduled Tribe, Other Backward Class (excluding creamy layer)
- Below Poverty Line, Women, Minority, and Persons with Disabilities: 30 percent of project cost, up to Rs. 2,00,000
- Interest Subsidy: 5 percent per annum, for up to 7 years, subject to a maximum of Rs. 25,000 per year
- Credit Guarantee Fee: Provided as per prevailing rates for up to 7 years
Non-Financial Benefits
- No collateral security required by banks
- Priority issuance of permits under the Rural Transport Scheme
Mode of Disbursement
- Subsidies are released through the concerned bank directly to the loan account of the beneficiary
Expected Time of Disbursement
- Loan applications are disposed of within 30 days
- Loan amount is disbursed within 15 days after approval
Validity
- The benefit can be availed of only once by an eligible beneficiary
Eligibility
- Age
- 18 to 45 years
- Gender
- Female, Male
- State
- Madhya Pradesh
- The applicant should be a permanent resident of Madhya Pradesh.
- The applicant should be a registered transport vehicle driver or conductor.
- The applicant should possess a valid commercial driving or conductor license issued in Madhya Pradesh.
- The applicant should be registered on the Samagra Portal.
- The applicant should be between 18 and 45 years of age.
- The applicant should have passed at least class 5th.
- The applicant should not be a defaulter of any nationalized bank, cooperative bank, or financial institution.
Who cannot apply
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Documents
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Application steps
Offline
Samagra ID Registration Process:
Step 1: Visit the official website: samagra.gov.in.
Step 2: Click on the option “Register Family” or “Register Member”.
Step 3: Enter the Aadhaar number and other required information.
Step 4: Enter the OTP received on the registered mobile number.
Step 5: Carefully fill in all the required details and upload the necessary documents.
Step 6: Enter the captcha code and click on “Submit Application.”
Offline Samagra ID Registration Process:
Step 1: Visit the nearest Lok Seva Kendra, MP Online Kiosk, or Common Service Center (CSC).
Step 2: Provide the required documents and necessary information to complete the registration process.
After Samagra Registration:
Step 1: Step 1: The interested applicant downloads the application form (Page No. 9) from the official website.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the District or Regional Transport Office.
Questions and answers
Who can apply for this scheme?
Registered transport vehicle drivers and conductors of Madhya Pradesh can apply.
What is the maximum project cost allowed?
The maximum permissible project cost under the scheme is Rs. 10,00,000.
Is collateral security required?
No collateral security is required for availing loans under this scheme.
How many times can the benefit be availed?
The benefit can be availed only once by an eligible beneficiary.
Is there any age limit?
Yes, applicants must be between 18 and 45 years of age.
What is the interest subsidy rate?
The interest subsidy is provided at 5 percent per annum for up to 7 years.
What is the maximum interest subsidy per year?
The maximum interest subsidy available is Rs. 25,000 per year.
Which banks provide loans under the scheme?
Loans are provided through nationalized banks, cooperative banks, and financial institutions.
How long does loan approval take?
Loan applications are generally approved within 30 days of submission.
Is educational qualification mandatory?
Yes, a minimum educational qualification of Class 5 is mandatory.
Do beneficiaries get priority for transport permits?
Yes, beneficiaries receive priority for permit issuance under the Rural Transport Scheme.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
Documents from the provider
- Guidelines transport.mp.gov.in, PDF
- Official Website transport.mp.gov.in
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry reproduces the official listing and has not yet been rewritten or reviewed by our team. Read the official call before you apply.
Filed under
- StateMadhya Pradesh290
- FieldSkills & Employment396
- FieldTransport & Infrastructure104
- Eligible groupUnemployed170
- AgencyTransport Department15
- LevelState4048
- Award typeCash2722
- KeywordConductor5
- KeywordDriver7
- KeywordFinancial Assistance1213
- KeywordInterest Subsidy28
- KeywordOther Backward Class20
- KeywordScheduled Caste250
- KeywordScheduled Tribe157
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