New Delhi, June 14: The Centre will launch a new scheme to provide interest-free loan to women self-help groups in rural areas on the purchase of small commercial vehicles, to boost public transport and generate employment.
The new scheme is likely to be called ‘Pradhan Mantri Gram Parivahan Yojana’ and launched on August 15. It will be on the lines of the ongoing rural roads scheme, ‘Pradhan Mantri Gram Sadak Yojana’. “The scheme will be a revolutionary move as it will not only revamp the public transport system in rural areas but will also generate enough employment options, especially for women,” Union Rural Development Minister Narendra Singh Tomar said.
Roads have already been constructed in these areas, so by providing more and easily available modes of public transport, the government wants to bridge the gap between villages and cities, Tomar added.
To begin with, it will be implemented in 250 blocks across the country and the Centre will provide interest-free loan on at least 1,500 commercial vehicles with a seating capacity of 10 each, according to sources in the ministry. There will be a ceiling of Rs 6 lakh on the loan amount and the repayment period will be of about six months, they added.
According to the sources, after loan instalment is paid, an individual can earn up to Rs 6,000-9,000 per month. To study the feasibility of the scheme, a survey was carried out in rural areas of Bilaspur in Chhattisgarh.
Press Trust of India
