To ensure better environment and control vehicular pollution in the city, the Chandigarh State Transport Authority has entered into an agreement with Punjab National Bank for providing financial assistance to the interest buyers of lPG auto rickshaw.
Bhawna Garg, UT Secretary Transport on Monday signed the agreement with the PNB. These finance facilities would be governed by the PNB’s “Scheme for Advances to owners for lPG Auto Rickshaw in UT Chandigarh.”
The rate of interest for the said financial assistance would be 10.75 per cent per annum instead of 13 per cent per annum. There are about 2,700 lPG autos rickshaws already registered with the STA, Chandigarh and about 2,000 more auto rickshaws are expected to be registered during the coming financial year. Further, the Chandigarh Administration is considering to provide the financial assistance/subsidy to the lPG auto rickshaw purchasers to the tune of Rs10,000.