Telangana Own Your Auto Scheme

Telangana Government under its Own Your Auto Scheme will provide 50% subsidy on the purchase of 3 wheeler autorickshaw for self employment purpose. Remaining 50% cost of the 3 wheeler autorickshaw can also cover with bank loan.
Read the complete article to get full details about the scheme.

Introduction of Telangana Own Your Auto Scheme: A Brief Insight

• Telangana Government launched Own Your Auto Scheme in the year 2015.
• The main aim of government behind starting this scheme is to financially support poor and eligible people from minoritites community of Telangana to start their self employment activity.
• Government had observed that many youths belonging to minority community engaged in lying 3 wheeler autorickshaw but they didn’t own them which makes difficult for them to save money.
• So to support youths to own their own 3 wheeler autorickshaw, Telangana Government started Own Your Auto Scheme.
• This scheme will be implemented by Minorities Finance Corporation of the Telangana Government,
• Government will now provide subsidy and bank loan facility on the purchase of 3 Wheeler Autorickshaw with 3 people seating capacity under Own Your Auto Scheme.
• 50% Subsidy on the cost of CNG or LPG 3 wheeler autorickshaw will be provided to applicants under Telangana Government’s Own Your Subsidy Scheme.
• Subsidy under this scheme will be applicable on Bajaj, TVS and Piaggio auto company three wheelers.
• Government also provides the facility to take bank loan for remaining 50% cost of the vehicle.
• The benefit of susbidy under this scheme is not available for all.
• Applicants in the age group of 21 to 55 years, having valid 3 wheeler autorickshaw license and blongs to minority community i.e. Muslim, Buddhist, Jain, Parsi, Sikh or Christian are only eligible to purchase the 3 wheeler and avail the benefit of 50% subsidy under Own Your Auto Scheme.
• If the annual family income of any applicant is more than Rs. 2 lakh per year then they are not eligible to apply for this scheme.
• Telangana Own Your Auto Scheme Online Application Form will be availabe time to time onOnline Beneficiary Management and Monitoring System Portal.
• Contact District Minorities Welfare Officer (DMWO) in case any help or assistance required regarding Own Your Auto Scheme of the Telangana Government.
• Beneficiary Applicant can also apply for Rajiv Yuva Vikasam Scheme if eligible.

3 Wheeler Autoricshaw Eligible for Subsidy

• The following 3 wheeler model of the vehicle company are eligible for 50% subsidy on the purchase under Own Your Auto Scheme of the Government of Telangana :-
  

  Company Name	Model
  Piaggio	Ape City LPG 4 Stroke Ape City CNG 4 Stroke
  Bajaj	Re Compact LPG 2S Re Compact CNG 2S
  TVS	TVS King 4S LPG Eletrict Start TVS King 4S CNG Electrict Start

Benefits Provided to Eligible Beneficiaries

• Telangana Government under Own Your Auto Scheme will provide the below mentioned benefits to all eligible Applicants :-
  • Government will provide financial assistance as subsidy on Three Wheeler Autorickshaw purchase.
  • The applicable subsidy is 50% cost of Three Wheeler.
  • The other 50% will be borne by the Applicant.
  • Bank Loan Facility is also available for other 50% cost of Three Wheeler Autorickshaw.

Eligibility Conditions Required to be Fulfilled

• 50% subsidy on Three Wheeler Autorickshaw purchase under Telangana Government’s Own Your Auto Scheme will be provided to only those applicants who fulfill the following eligibility criteria of scheme :-
  

  Permanent Residents Applicant from Minority Community of Telangana are Eligible to Apply. The Resident of Applicant should be in any one place :- Rangareddy District GHMC (Greater Hyderabad Municipal Corporation) Applicant’s Family Annual Income should be less than Rs. 2 lakh per annum. Applicant’s Age should be 21 to 55 years. Having Driving License of Three Wheeler is Mandatory.

Documents Required to be Attached

• Applicant will have to submit the below mentioned documents at the time of applying for subsidy on the purchase of Three Wheeler Autorickshaw under Own Your Auto Scheme of Telangana Government :-
  

  Telangana Residence Proof :- Family Ration Card. Voter ID. Applicant Aadhaar Card. Bank Account Passbook. DL. Aadhaar Card of Applicant. Family Certificate of Income. Minority Certificate. (If Available) Driving License of Three Wheeler. Recent Color Photograph. Quotation of the Vehicle. Mobile Number and Email.

How Beneficiaries Can Apply to Avail the Benefit of this Scheme

• Interest Applicant who want self employment can purchase Three Wheeler Autorickshaw and avail the benefit of 50% subsidy under Own Your Auto Scheme of Telangana Government by applying through Online.
• The online application form of Own Your Auto Scheme is not available all the time on the portal.
• Telangana Government will open the portal for online application time to time in every financial year.
• Applicant can find Own Your Auto Online Application Form at Online Beneficiary Management and Monitoring System Portal of Government of Telangana.
• Visit the Portal and Choose Telangana Own Your Auto Scheme to fill the online application form.
• Online Application of Own Your Auto Scheme will appear in which applicant will have to fill basic personal details, contact details, and details of autorickshaw which is going to be purchased.
• Now, Upload all the required documents on the portal.
• Preview all the filled details, submit the application and take a print out of it.
• Visit Minorities Finance Corporation Branch Office and submit the Print Out of Own Your Auto Scheme along with all the documents to District Minorities Welfare Officers.
• DMWO will verify the application and documents and make a list of eligible applicants and forward it to Head Office of Minorities Finance Corporation for further approval.
• Applicants list selected for the grant of subsidy under Telangana Government’s Own Your Auto Scheme will be then forwarded to Vehicle Dealer, Transport Department and to Bank for further process.
• Vehicle Dealer will deliver the vehicle to applicant after receiving the subsidy amount and bank loan amount.
• Transport Department will issue permit in favour of purchased vehicle after applicant submit the vehicle documents.

Important Links Available

• Official Website of Online Beneficiary Management and Monitoring System.
• Official Website of Minorities Finance Corporation Telangana.
• Guidelines of Own Your Auto Scheme Telangana.
• Contact Details of Minorities Finance Corporation Telangana.

Contact Details in Case of Help Needed

• Contact Number of State Minorities Finance Corporation Telangana :- 040 23244501.
• Contact Email of State Minorities Finance Corporation Telangana :- tsmfcinfo@gmail.com.
• Contact Email of State Online Beneficiary Management and Monitoring System Telangana :- helpdesk.obms@cgg.gov.in.

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