ARF (NFS) - Small Road &Water Transport Operator's Scheme (SRWTO)
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.
Individuals, group of individuals including partnership proprietary firms and co-operative enterprises.
No.of units per Borrower
10 vehicles subjected to RBI ceiling
Items of investment
Cost of chasis, body building expenses and taxes and insurance payable on purchase of vehicle.
Project outlay&loan unit
Maximum loan of Rs 20 lakhs per borrower with a project outlay of Rs 30 lakhs
A margin of 15% of the cost of the vehicle will have to be provided by the borrower.
Repayment of loan
3-5 yrs including a moratorium of upto 6 months.
As fixed by the apex bank in the respective loan rules,in accordance with the guidelines issued by RBI/NABARD/RCS.
Rate of interest
Interest rate will be fixed by KSCARDB from time to time, in accordance with the guidelines issued by RCS/NABARD/RBI.
The monthly SRWTO disbursement progress statement should be furnished in the prescribed formats by PCARDB.