December 19, 2015
Bengal’s Gati Dhara scheme gains tremendous momentum
West Bengal government’s Gati Dhara scheme for unemployed youths of the State has gained tremendous momentum. Initially a corpus of Rs 50 crore was allotted for the scheme which is now to be extended to another Rs 100 crore.
The West Bengal Cabinet had cleared a proposal to offer financial help of up to Rs 1 lakh to unemployed persons aged between 20 and 45 to buy “small vehicles”. The move may encourage people to buy taxis and small buses.
The Gati Dhara scheme was outlined by the Finance Minister in the budget in February. The Cabinet on Tuesday announced that families with a monthly income of Rs 25,000 or less would qualify for financial support under the scheme.
The project was initially aimed at those planning to buy no-refusal taxis, luxury taxis or small goods vehicles. Now the scheme is extend to small buses with low-seating capacity. Those interested will be able to get a loan of up to 30% of the total amount needed to buy a vehicle.