Pradhan Mantri Gram Parivahan Yojana (PMGPY) – Interest Free Commercial Vehicle

Pradhan Mantri Gram Parivahan Yojana (PMGPY) is a new central government yojana to be Launched shortly by the central government. Under the PMGPY scheme, the government would offer interest free loans for women self help group to purchase passenger vehicles. The scheme will be started on the traces of ongoing rural plot “Pradhan Mantri Gram Sadak Yojana”. The motto behind this scheme is to give better facilities to the village people.

The vehicle could be started soon to Give on interest free loan Vehicle in the areas where the roads have already been constructed under the PM Gram Sadak Yojana. So as per the data collected by the PM Gram Sadak Yojana, they will be allot the vehicle to rural people.

The objective of PM Gram Parivahan Yojana is to improve the Public transportation facility across the country also generate employment options. Throughout the strategy, where the roads are constructed but there is no or transport facilities are avilable , government would like to bridge the difference between cities and villages.

Initially under the plot project, interest would be provided by authorities to free Loans for on at least vehicles in 250 blocks across the country. This commercial vehicle’s maximum seating capacity could be 10 people. The number of vehicle might be expanded to provide loan for 80000 commercial passenger vehicles across the nation.

That loan of maximum Rs. 6 lakh would be provided under the PMGPY and the bank loan tenure. The government has already conducted a poll in rural areas of Bilaspur in Chhattisgarh to look at the feasibility of this scheme.

According to study, the best alternative is to Give loan at free interest rate of interest for 10 to 12 seater passenger vehicle to run to a stretch of 20 to 22 kilometer which links at leas 10 to 14 small villages.

The scheme is expected to improve public transportation in rural Areas and also generate employment options, among women across the india.

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