ARF (NFS) - Small Road &Water
Transport Operator's Scheme (SRWTO)
1. Objective: The object of the scheme is to provide credit
for purchase of road transport vehicles and water transport units such
as boat launches for transport of rural farm and non-farm products and
passengers to/from urban marking centers.
2. Eligible Borrowers: Individuals, group of individuals including partnership
proprietary firms and co-operative enterprises.
3. No.of units per Borrower: 10 vehicles subjected to RBI ceiling
4. Items of investment: Cost of chasis, body building expenses
and taxes and insurance payable on purchase of vehicle.
5. Project outlay&loan unit: Maximum loan of Rs 20 lakhs per borrower with a project outlay of Rs 30 lakhs.
6. Margin: A margin of 15% of the cost of the vehicle will have to be provided by the borrower.
7. Repayment of loan: 3-5 yrs including a moratorium of upto 6 months.
8. Security: As fixed by the apex bank in the respective loan
rules,in accordance with the guidelines issued by RBI/NABARD/RCS.
9. Rate of interest: Interest rate will be fixed by KSCARDB from time to
time, in accordance with the guidelines issued by RCS/NABARD/RBI.
10. Reporting system: The monthly SRWTO disbursement progress statement should be furnished in the prescribed formats by PCARDB.
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