E-Rickshaw Kalyan Yojana
The scheme aims to promote self-employment among unemployed youth in the state by providing affordable loans for purchase of e-rickshaws, thereby enhancing their livelihoods. Under this scheme, loans are provided to unemployed youth for purchase of e-rickshaws at an annual interest rate of 9%.
About This Scheme
The scheme “E-Rickshaw Kalyan Yojana” was launched by the Cooperative Department, Government of Uttarakhand. The scheme aims to promote self-employment among unemployed youth in the state by providing affordable loans for the purchase of e-rickshaws, thereby enhancing their livelihoods.
Benefits
Under this scheme, loans are provided to unemployed youth for the purchase of e-rickshaws at an annual interest rate of 9%. Additionally, under the Pradhan Mantri Suraksha Bima Yojana, savings account holders receive an insurance cover of ₹2.00 lakh for an annual premium of ₹12/-.
Beneficiaries aged between 18 and 50 can also avail benefits under the Pradhan Mantri Jeevan Jyoti Bima Yojana by paying a premium of ₹330/- through their savings accounts.
Eligibility Criteria
The applicant must be a permanent resident of Uttarakhand.
The applicant should be currently unemployed.
The applicant must possess a valid driving license.
The applicant must not be more than 55 years of age.
Application Process
Apply Offline
To obtain a loan for purchasing an e-rickshaw, applicant must visit the nearest cooperative bank and collect the application form. It is mandatory for the applicant to open an account with the respective cooperative bank, and both the applicant and two guarantors must be designated as nominal members of the bank.
The application form must be submitted along with the following documents: a dealer’s quotation, details of two guarantors, a permanent residence certificate, Aadhaar card, bank account statement from the relevant bank, voter ID card with a local address, electricity or water bill in the applicant’s name, and a valid driving license. Unemployed individuals residing in urban, semi-urban, or rural areas who are renting a house must also provide a tenancy certificate along with the Uttarakhand Permanent Resident Certificate.
Once the application and documents are submitted, the bank reviews and approves the loan. Upon approval, the bank disburses the funds directly to the dealer. The applicant is then required to repay the loan in daily or monthly installments, along with interest at an annual rate of 9%.
Official Source: View on myScheme.gov.in
Benefits
Under this scheme, loans are provided to unemployed youth for the purchase of e-rickshaws at an annual interest rate of 9%. Additionally, under the Pradhan Mantri Suraksha Bima Yojana, savings account holders receive an insurance cover of ₹2.00 lakh for an annual premium of ₹12/-.
Beneficiaries aged between 18 and 50 can also avail benefits under the Pradhan Mantri Jeevan Jyoti Bima Yojana by paying a premium of ₹330/- through their savings accounts.
Application Process
Apply Offline
To obtain a loan for purchasing an e-rickshaw, applicant must visit the nearest cooperative bank and collect the application form. It is mandatory for the applicant to open an account with the respective cooperative bank, and both the applicant and two guarantors must be designated as nominal members of the bank.
The application form must be submitted along with the following documents: a dealer’s quotation, details of two guarantors, a permanent residence certificate, Aadhaar card, bank account statement from the relevant bank, voter ID card with a local address, electricity or water bill in the applicant’s name, and a valid driving license. Unemployed individuals residing in urban, semi-urban, or rural areas who are renting a house must also provide a tenancy certificate along with the Uttarakhand Permanent Resident Certificate.
Once the application and documents are submitted, the bank reviews and approves the loan. Upon approval, the bank disburses the funds directly to the dealer. The applicant is then required to repay the loan in daily or monthly installments, along with interest at an annual rate of 9%.
References & Official Links
Scheme Details
| Full Name | E-Rickshaw Kalyan Yojana |
| Short Title | ERKY |
| Level | State |
| Scheme For | Individual |
| Categories | Business & Entrepreneurship |
| States | Uttarakhand |
| Gender | All |
| Age Range | 18 — 50 years |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |
Deepika Raikwar · 📅 02 Jun 2026
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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