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Purchase of Electric Vehicles to Taxi and Van Operators
Purchase of Electric Vehicles to Taxi and Van Operators
Maximum Loan Amount
Rs 3.0 Million
Interest Rate
0.5% p.a
Repayment Period
Up to 7 years
Purpose of Loan
To meet costs of purchase of Electric Vehicles
Financing
90% of cost of project up to a maximum of Rs 3M
10% own funds
10% own funds
Eligibility
Taxi/Van Operators holding a valid licence issued by NLTA
Security
As per DBM Terms & Conditions