To upgrade the tourist transport services and to generate more employment in The Jammu & Kashmir State a scheme has been formulated  to provide the financial assistance to the Travel and Tourist Taxi Operators identified by the Directorate of Tourism (J&K State) for purchase of fresh vehicles.

The beneficiaries identified by the State Government through Directorate of Tourism Jammu & Kashmir shall be eligible for finance under the Scheme.

The finance under this scheme shall be available for purchase of fresh vehicles by way of replacement of old vehicles.

Loan component shall be 85% of the cost of the vehicle subject to a maximum loan amount of 6.05 lacs.

  • Hypothecation of the vehicles to be purchased.
  • Third party guarantee of two persons having sound means to withstand the liability.

Margin shall be 15% up to the vehicle cost of 7.12 lacs. In case the cost of the vehicle exceeds 7.12 lacs, the cost over & above 7.12 lacs shall be wholly contributed by the beneficiaries.