Government to give guarantee on loan under Rajiv Gandhi Self-Employment Start-up Scheme: CM

Chief Minister Thakur Sukhvinder Singh Sukhu urged the banks to provide loans at concessional interest rates for the public welfare schemes of the government so that more and more people could avail the benefits of the schemes. He was presiding over a meeting with representatives from public sector, co-operative and private banks here today.

In order to provide self-employment opportunities to the youth, the state government has initiated the first phase of Rs 680 crore Rajiv Gandhi Self-Employment Startup Scheme, under which 50 percent subsidy was being provided on the purchase of e-taxi with a motive to get attached these e-taxis with government offices so as to provide self employment with a fixed income, he reiterated.

Under this scheme, banks should provide loans to the youth at concessional rates to reduce the EMI burden, urged the Chief Minister and assured that the government will give guarantee on the loan for e-taxi. In the second phase, self-employment opportunities will be provided to the youth by setting up solar energy projects upto Panchayat level, he said. He also asked all the banks to send the interest rates to the state government in stipulated time. The state government will issue 500 e-taxi permits in the first phase and its number will be increased on the basis of demand said Sh. Sukhu and added that diesel vehicles will also be phased out in all the government departments and e-vehicles will be promoted.