The Government of India launches bike, scooty and car schemes regularly to help citizens purchase vehicles at an affordable rate. The main motive of these schemes by the government is to allow low-income groups, students, women and farmers to have their own two-wheeler or four-wheeler vehicles. You can buy your own bike and car by applying for these schemes online through authorised portals to receive financial assistance, subsidies and loan facilities for the same. These government schemes can be applied online using your phone from home without any issues. There are various schemes designed for the purchase of a car and a bike at lower rates or a loan to get your vehicle easily.
In this article, we provide the steps to apply for bike and car scheme by the government of India from your phone, so that you can own a car, bike or scooty, along with the eligibility, documents required and a step-by-step process for the same.
Why Government Vehicle Schemes Are Beneficial
Bikes and cars are an integral part of an individual’s life as they are useful for our daily activities, like going to school for students, carrying goods for farmers and low-income groups. However, owning a vehicle is not always possible for individuals of low income group, students and farmers. This is why the government has introduced vehicle schemes to make it affordable and feasible for everyone. The main benefits of these schemes are:
- Subsidies and financial assistance for the purchase of a new vehicle
- Reduced the financial burden on individuals to get their own vehicle
- You can start your daily commuting business to be self-employed
- Easy access to vehicle loans at lower interest rates
- Easy repayment options for the loan taken
Eligibility and Documents Required
The vehicle subsidies and schemes are primarily designed for residents of rural areas, delivery workers and small business owners to support their respective work. You must check the eligibility criteria to see if you can avail the benefits of the vehicle schemes and loans by the government of India. Additionally, keep your documents ready before applying for subsidies on vehicle purchases.
To be eligible for vehicle subsidies and schemes, you must be an Indian citizen above 18 years of age. You should also have a valid driving licence or a learner’s licence, and your income should be below a certain limit, which varies according to the scheme. You must keep the following documents ready before applying for any scheme:
- Proof of identity, such as an Aadhaar card or passport
- PAN card
- Address proof (Residential certificate or voter card)
- Income proof (Income certificate)
- Recent Passport-size photograph
- Bank account details (Bank passbook or cancelled cheque)
Steps to Apply for Bike and Car Scheme by Government of India
You can own your own vehicle, either a bike or a car, as you need, with the help of the government’s support. The process to check the eligibility and apply for the bike or car scheme to purchase a new vehicle at subsidized rate or vehicle loanis simple and easy. Apply for the government scheme in the following steps:
Step 1: Connect to the internet and launch any web browser on your phone
Step 2: Search for bike or car schemes by the govenment are per your requirements.
Step 3: Visit the government’s official website for the scheme.
Step 4: Look for the bike or car scheme section on the page for subsidy and loan.
Step 5: Register for the scheme on the portal with your mobile number and Aadhaar details.
Step 6: Fill in the application form with all the necessary details using your phone.
Step 7: Upload the supporting documents required according to the scheme, along with your photo and signature.
Step 8: Choose the vehicle that you want to purchase, such as scooty, bike or car.
Step 9: Review the application form and submit the form.
Step 10: Screen the application reference number to track the status.
Note: Do not access any website that is not trusted to avoid the misuse of data and information. Always use a governement authorized portal and website to stay away from fraud and scams.
How the Selection and Approval Process Works
Once you’ve successfully submitted the application to apply for a subsidy and a loan to purchase your new vehicle, the application will be reviewed by the concerned authority and department. If your application meets the eligibility criteria and you have the supporting documents for the scheme, your application will be approved. You can avail the eligible benefits of the vehicle scheme from the concerned department or financial institution.
You will receive the following approval information after approval:
- Purchase of a vehicle at affordable rates from the registered dealer
- Receive the subsidy amount in your bank account
- Loan approval letter from the financial institution partnered for the scheme.
- Vehicle purchase authorisation letter from the scheme-providing department
The status of the application would be communicated to you through email or SMS for further processing.
Important Things to Keep in Mind
There are various online schemes and loans sanctioned by the government of India to support you in the purchase of your vehicle. However, there are also various spam websites with the motive of doing fraud activities using the details of the applicants. You must therefore ensure the following things so that you can safely complete the entire application process:
- Never share your personal details and OTPs with unknown websites
- Verify all the schemes from authorised sources, such as government portals and websites
- Always read the terms and conditions of any loan to see if you are ready for the same
- Always keep copies of the application form and documents uploaded
- Stay alert to scams and fake schemes to protect yourself from fraudulent activities
Conclusion
The government-backed schemes are one of the best ways to own your vehicle at subsidised rates. This ensures that all the individuals from low-income groups and students get access to government facilities to get a bike to support their career and profession. The process to apply for a vehicle scheme by the government of India is simple and easy, which can be done using your phone through the official portal. You can use the scooty, bike or car purchased with the help of the subsidies and loans to carry out delivery services, commuting business and a medium of transportation for college and institutions.