Question: What are the advantages of Meghalaya Agriculture Response Vehicle Scheme?

Answer: Benefits under Meghalaya Agriculture Response Vehicle Scheme:

are provided under the scheme:200 agriculture transport vehicles to be distributed across Meghalaya for individual entrepreneurs
and any registered farmerâ€™s organizations with 50% financial aid.Vehicles will be pre-fitted with GPS devices.Farmers will have
access to more vehicles dedicated to agriculture transportation services.The Project Management Unit will help in the connection
between the farmers and agriculture response vehicles when demand arises.Financing Plan:Financing of the vehicles to the selected
beneficiaries of the scheme shall be done through any branch of Meghalaya Rural Bank (MRB).The bank will sanction 50% of the on-
road vehicle cost of the beneficiary in the form of a term loan.Rate of interest and repayment schedule:Prevailing rate of interest shall be
charged by the bank and the repayment schedule will be 5 years. MRB will keep the rate of interest as fixed for the complete loan
term.Quantum and Nature of Financial Assistance:a) Down payment Support:1. Total down payment will be 50% of the on-road cost of
the vehicle.Out of which, the Agriculture Department, Government of Meghalaya shall pay 90%.And the remaining 10% shall be paid by
the beneficiary.b) EMI support:2. To reduce the burden of the operational cost on the beneficiaries in the first two years of his business,
the Agriculture Department, GoM will support the beneficiary by paying:85% of the EMI in the first 6 months45% of the EMI for 7-12
months35% of the EMI for 13-24 months.3. For the rest of the EMIs after 24 months, the beneficiary shall bear 100% of the
EMI/month.4. Overall, EMI support from the government is 20% of the total EMI to be paid.5. The maximum support from the
government shall be based on the value of the selected models mentioned above.If the beneficiary selects a model which has a lower
value than the selected model, support shall be 50% of the value of that model.If the beneficiary selects a model which has a higher
value than the selected model, the beneficiary shall bear the extra cost associated with it.6. The vehicle shall be fitted with a GPS
tracking device which will be included in the on-road price of the vehicle.EligibilityIndividual applicants:Individuals who are permanent
residents of Meghalaya and are above 18 years and below 58 years of age are eligible for the scheme.The applicant must have a valid
commercial driving license before buying the vehicle from the dealer.The applicant must provide valid government ID proof with an
address such as Aadhaar Card, Voter ID, and Passport, etc.The applicant should not be a defaulter at any financial institution.Any
registered farmerâ€™s association:Any association of farmers involved with agricultural products and legally registered with the
government of Meghalaya such as Cooperatives, Farmer Producer Companies (FPC), Farmer Producer Organisation (FPO), etc. are
eligible to apply for the scheme.The association of farmers must provide an Incorporation Certificate or a registration certificate
whichever is applicable.The Association of farmers should not be a defaulter at any financial institution. Application
ProcessOfflineOnlineStep 01: Physical forms can be collected from the office of the District Agriculture Offices.Step 02: If the applicant
is filling the form physically, he/she will need to hand over the required documents to the District Agriculture Office at the Block
office.Notes:Every detail in the form must be carefully filled.Self-attested required documents must be enclosed along with the
form.Documents enclosed are to be marked correctly in the form.Completed form along with the attached documents must be submitted
to District Agriculture.Officer' or 'District Horticulture Officer' of the concerned district.Incomplete applications will be
rejected.Documents RequiredAs proof of eligibility, the applicants are required to provide proof of their eligibility for the scheme by
submitting the required documents mentioned below:For Individual Applicant:A valid government photo identity with an address such as
Aadhaar Card, Voter ID, Passport, etc.PAN card, if applicableA valid commercial driving licenseA copy of the front page of the savings
account passbook, if applicableDuly filled form, Annexure-1ï»¿Any Registered Farmerâ€™s Association:Incorporation Certificate for
cooperativesRegistration Certificate for companiesGST certificate, if applicablePAN card, if applicableBank account statement for the
last 6 months, if applicableDuly filled form, Annexure-2ï»¿Frequently Asked QuestionsWhat is the objective of the scheme?The
objective of the scheme is to provide Small Commercial Vehicles and pickups at each CD Block across Meghalaya with 50% financial
aid from the Government of Meghalaya.Which department has launched this scheme?Department of Agriculture & Farmersâ€™
Welfare, Government of Meghalaya Who are the beneficiaries under this scheme?Any registered farmerâ€™s association and Individual
entrepreneurs are the beneficiaries under this scheme.What is the percentage of financial aid provided to the beneficiary?50%.How many
agriculture transport will be distributed across the state?200.Which bank will be the financial agency?Financing of the vehicles to the
selected beneficiaries of the scheme shall be done through any branch of Meghalaya Rural Bank (MRB).What will be the repayment
tenure?5 years.How to apply for this scheme?The physical forms can be collected from the office of the District Agriculture Offices and
after filling it, will need to hand over along with required documents to the District Agriculture Office at the Block office.Sources And
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To avail these benefits, you need to meet the following eligibility criteria: MeghalayaMeghalaya Agriculture Response Vehicle SchemeAgricultureEntrepreneurFarmerFarmers AssociationsFinancial
AidResponse VehicleDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked QuestionsThe scheme
â€œMeghalaya Agriculture Response Vehicle Schemeâ€​ was launched by the Department of Agriculture & Farmersâ€™ Welfare,
Government of Meghalaya, aims to provide 50% financial aid to buy commercial vehicles by 200 selected beneficiaries for agriculture
transport. These vehicles will help the community involved in agriculture and allied sectors to transport their agricultural products and
raw materials. The scheme also focuses on the economic upliftment of farmers by providing them with transportation at a competitive
cost.Objectives:To increase the profitability of farmers by providing access to the market by supporting them with a mobility solution.To
provide a mobility solution to various registered farmerâ€™s associations which will increase aggregation and their market reach.To
lower the transportation cost for farmers by introducing agriculture response vehicles for farmers at each CD Block of the State.To
encourage individual entrepreneurship among the rural community by supporting them to buy commercial vehicles thereby creating
livelihood opportunities.OkWas this helpful?ShareNews and UpdatesNo new news and updates availableÂ©2024Powered byDigital
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24303714Last Updated On : 28/03/2024 | v-2.1.1