Over the years, the Government of India has introduced several schemes and subsidies to encourage and popularise the use of e-rickshaws in India.

Sodyco is a leading name in the e-rickshaw industry today. We promise a battery-operated, eco-friendly solution as a business vehicle. 

Let’s learn more about the government schemes for e-rickshaw owners and dealers:-

• The National Electric Mobility Mission (NEMMP)

The Ministry of Heavy Industries introduced it in 2013. The goal of this initiative is to achieve fuel security in India by utilising hybrid and electric vehicles. By the end of 2020, the goal for this objective is to sell 5-6 million electric vehicles.

• PMMY (Pradhan Mantri Mudra Yojana) 2015

The Pradhan Mantri Mudra Yojana offers low-interest loans to small enterprises in the following categories, which must be repaid within five years:

• Shishu – Up to Rs. 50,000 in loans
• Kishore – Loans between Rs 50,001 and Rs 5,00,000
• Tarun – Loans in excess of Rs 5,000,000

This program also applies to the purchasing of electric rickshaws.

• The National Urban Livelihoods Mission

This program, which began in 2013, aims to eliminate urban poverty by fostering self-employment. Procurement help is provided to owners/operators by facilitating loans in cities such as Jamshedpur and Ranchi as part of this scheme. As it is a micro and small business, it is also eligible for MSME loans. This scheme was created by the Ministry of Micro, Small, and Medium Enterprises to ensure that current or new MSMEs receive loans of up to Rs. 1 crore with no collateral.

Conclusion

The above-mentioned schemes are beneficial for those looking to buy an e-rickshaw or an e-rickshaw dealership. We hope that our blog helped you come across these schemes and help you understand how you can become financially independent through. Then, if you want to learn more about e-rickshaws, be sure to check out our other blogs by clicking here.