The GHMC has launched the second phase of ‘driver-cum-owner’ scheme where 300 unemployed youth are to be given brand new Maruti Dzire cars.
The first tranche of the scheme saw 105 vehicles handed over by Deputy CM Moahmood Ali four months ago.
Special Officer and Commissioner Somesh Kumar said that in the second phase, 90 per cent of the bank loan has been allotted to SC/ST category with 10 per cent beneficiary contribution and for others, it will be 80 per cent bank loan and 20 per cent beneficiary contribution.
The Maruti Suzuki firm itself is giving a special discount of Rs.76,000 and loan is by the State Bank of Hyderabad for a period of six years. A subsidy of 35 per cent is given to SC/ST beneficiaries under SCSP/TSP component of Industrial Investment Promotion Policy (IIPP) 2010-15.
