- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
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Meghalaya Agriculture Response Vehicle Scheme
Meghalaya
Agriculture
Entrepreneur
Farmer
Farmers Associations
Financial Aid
Response Vehicle
Details
The scheme “Meghalaya Agriculture Response Vehicle Scheme” was launched by the Department of Agriculture & Farmers’ Welfare, Government of Meghalaya, aims to provide 50% financial aid to buy commercial vehicles by 200 selected beneficiaries for agriculture transport. These vehicles will help the community involved in agriculture and allied sectors to transport their agricultural products and raw materials. The scheme also focuses on the economic upliftment of farmers by providing them with transportation at a competitive cost.
Objectives:
- To increase the profitability of farmers by providing access to the market by supporting them with a mobility solution.
- To provide a mobility solution to various registered farmer’s associations which will increase aggregation and their market reach.
- To lower the transportation cost for farmers by introducing agriculture response vehicles for farmers at each CD Block of the State.
- To encourage individual entrepreneurship among the rural community by supporting them to buy commercial vehicles thereby creating livelihood opportunities.
Benefits
The following benefits are provided under the scheme:
- 200 agriculture transport vehicles to be distributed across Meghalaya for individual entrepreneurs and any registered farmer’s organizations with 50% financial aid.
- Vehicles will be pre-fitted with GPS devices.
- Farmers will have access to more vehicles dedicated to agriculture transportation services.
- The Project Management Unit will help in the connection between the farmers and agriculture response vehicles when demand arises.
Financing Plan:
- Financing of the vehicles to the selected beneficiaries of the scheme shall be done through any branch of Meghalaya Rural Bank (MRB).
- The bank will sanction 50% of the on-road vehicle cost of the beneficiary in the form of a term loan.
Rate of interest and repayment schedule:
- Prevailing rate of interest shall be charged by the bank and the repayment schedule will be 5 years. MRB will keep the rate of interest as fixed for the complete loan term.
Quantum and Nature of Financial Assistance:
a) Down payment Support:
1. Total down payment will be 50% of the on-road cost of the vehicle.
- Out of which, the Agriculture Department, Government of Meghalaya shall pay 90%.
- And the remaining 10% shall be paid by the beneficiary.
b) EMI support:
2. To reduce the burden of the operational cost on the beneficiaries in the first two years of his business, the Agriculture Department, GoM will support the beneficiary by paying:
- 85% of the EMI in the first 6 months
- 45% of the EMI for 7-12 months
- 35% of the EMI for 13-24 months.
3. For the rest of the EMIs after 24 months, the beneficiary shall bear 100% of the EMI/month.
4. Overall, EMI support from the government is 20% of the total EMI to be paid.
5. The maximum support from the government shall be based on the value of the selected models mentioned above.
- If the beneficiary selects a model which has a lower value than the selected model, support shall be 50% of the value of that model.
- If the beneficiary selects a model which has a higher value than the selected model, the beneficiary shall bear the extra cost associated with it.
6. The vehicle shall be fitted with a GPS tracking device which will be included in the on-road price of the vehicle.
Eligibility
Individual applicants:
- Individuals who are permanent residents of Meghalaya and are above 18 years and below 58 years of age are eligible for the scheme.
- The applicant must have a valid commercial driving license before buying the vehicle from the dealer.
- The applicant must provide valid government ID proof with an address such as Aadhaar Card, Voter ID, and Passport, etc.
- The applicant should not be a defaulter at any financial institution.
Any registered farmer’s association:
- Any association of farmers involved with agricultural products and legally registered with the government of Meghalaya such as Cooperatives, Farmer Producer Companies (FPC), Farmer Producer Organisation (FPO), etc. are eligible to apply for the scheme.
- The association of farmers must provide an Incorporation Certificate or a registration certificate whichever is applicable.
- The Association of farmers should not be a defaulter at any financial institution.
Application Process
Offline
Online
Step 01: Physical forms can be collected from the office of the District Agriculture Offices.
Step 02: If the applicant is filling the form physically, he/she will need to hand over the required documents to the District Agriculture Office at the Block office.
Notes:
- Every detail in the form must be carefully filled.
- Self-attested required documents must be enclosed along with the form.
- Documents enclosed are to be marked correctly in the form.
- Completed form along with the attached documents must be submitted to District Agriculture.
- Officer' or 'District Horticulture Officer' of the concerned district.
- Incomplete applications will be rejected.
Documents Required
As proof of eligibility, the applicants are required to provide proof of their eligibility for the scheme by submitting the required documents mentioned below:
For Individual Applicant:
- A valid government photo identity with an address such as Aadhaar Card, Voter ID, Passport, etc.
- PAN card, if applicable
- A valid commercial driving license
- A copy of the front page of the savings account passbook, if applicable
- Duly filled form, Annexure-1
Any Registered Farmer’s Association:
- Incorporation Certificate for cooperatives
- Registration Certificate for companies
- GST certificate, if applicable
- PAN card, if applicable
- Bank account statement for the last 6 months, if applicable
- Duly filled form, Annexure-2
Frequently Asked Questions
What is the objective of the scheme?
The objective of the scheme is to provide Small Commercial Vehicles and pickups at each CD Block across Meghalaya with 50% financial aid from the Government of Meghalaya.
Which department has launched this scheme?
Department of Agriculture & Farmers’ Welfare, Government of Meghalaya
Who are the beneficiaries under this scheme?
Any registered farmer’s association and Individual entrepreneurs are the beneficiaries under this scheme.
What is the percentage of financial aid provided to the beneficiary?
50%.
How many agriculture transport will be distributed across the state?
200.
Which bank will be the financial agency?
Financing of the vehicles to the selected beneficiaries of the scheme shall be done through any branch of Meghalaya Rural Bank (MRB).
What will be the repayment tenure?
5 years.
How to apply for this scheme?
The physical forms can be collected from the office of the District Agriculture Offices and after filling it, will need to hand over along with required documents to the District Agriculture Office at the Block office.
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You need to sign in before applying for schemes
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It seems you have already initiated your application earlier.To know more please visit
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You need to sign in before applying for schemes
Something went wrong. Please try again later.
It seems you have already initiated your application earlier.To know more please visit
Apply Now
Check Eligibility
Meghalaya Agriculture Response Vehicle Scheme
Meghalaya
Agriculture
Entrepreneur
Farmer
Farmers Associations
Financial Aid
Response Vehicle
Details
Benefits
Eligibility
Application Process
Documents Required
Frequently Asked Questions
The scheme “Meghalaya Agriculture Response Vehicle Scheme” was launched by the Department of Agriculture & Farmers’ Welfare, Government of Meghalaya, aims to provide 50% financial aid to buy commercial vehicles by 200 selected beneficiaries for agriculture transport. These vehicles will help the community involved in agriculture and allied sectors to transport their agricultural products and raw materials. The scheme also focuses on the economic upliftment of farmers by providing them with transportation at a competitive cost.
Objectives:
- To increase the profitability of farmers by providing access to the market by supporting them with a mobility solution.
- To provide a mobility solution to various registered farmer’s associations which will increase aggregation and their market reach.
- To lower the transportation cost for farmers by introducing agriculture response vehicles for farmers at each CD Block of the State.
- To encourage individual entrepreneurship among the rural community by supporting them to buy commercial vehicles thereby creating livelihood opportunities.
Was this helpful?
Share
News and Updates
No new news and updates available
