GHMC DRIVER CUM OWNER PROGRAM

Telangana Drivers become proud owners

Salient features of the programme:

Self employment opportunity to 408 Driver to become Owners.

Now launch of:  303 (SC: 115, ST: 66, Minority: 29, BC: 73, OC: 20)

1st Phase: 105(SC: 39, ST: 34, Minority: 07, BC: 21, OC: 04)

Vehicle Model: Maruti Swift Dzire Tour (Sedan Vehicle)

303 vehicles: 105 in GHMC & 198 in Fleet operators.

Loan by State Bank of Hyderabad, MCTB branch.

Special Discount by Maruti Suzuki:Rs 76,000/- 35% subsidy, i.e. Rs.1,91,000/-, to SC & ST beneficiaries under SCSP/TSP component of Industrial Investment Promotion Policy (IIPP) 2010-15.

Funding Pattern:  
Total Vehicle Cost: Rs 7,04,000/-

Beneficiary Contribution:
SC/ST:Rs 70,000/-
Minority/BC/OC:Rs. 1,00,000/-

Bank Loan:
SC/ST:Rs 5,58,000/-
Minority/BC/OC:Rs 5,28,000/-

Rate of Interest:@ 10.75 % per annum.

Equated Monthly Installment (EMI) for 6 Years:
SC/ST:Rs 7,733/- per month
(After receipt of subsidy).                                    Minority/BC/OC:Rs 10,304/- per month.

Monthly income for DCOs:GHMC Rs.25,000/- PM & Fleet Operators assured to give the business from Rs 45,000 to Rs 60,000.

Names of the Fleet Operators:Dot Cabs, Sky Cabs, Green Cabs, One Cabs & OLA Cabs.

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