Period and other important points

  • The maximum time allowed for replacement is 33 months through EMIs
  • The e-rickshaw that has been purchased using the loan amount is taken as security of advance that is advancing the loan towards the debtor
  • For the loan amount that sums up to Rs. 10 lakhs, there is no collateral or guarantee from the third party. These loans have been covered in the Credit Guarantee Scheme of CGTMSE