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Success Story

Poor Ramkumar becomes owner of Tata Magic worth Rs three lakh 15 thousand

To provide transport to villagers with his taxi

Bhopal : Tuesday, May 06, 2008 Updated 19:39 IST

Penniless Ramkumar has now become owner of Tata Magic vehicle worth Rs three lakh 15 thousand. He would ply the vehicle as a taxi. Loan has been made available to him to purchase the vehicle by Scheduled Caste Finance Development Corporation. Besides, Ramkumar has also been given the facility to pay half road tax for the next four years.

Born into a poor family, Ramkumar had not even an iota of hope that one day he would own a vehicle worth over Rs three lakh. That is why his joy knows no bounds after owning this costly vehicle.

Due to povery, Ramkumar Bagde, a resident of village Digodha in Kirnapur development block, had to discontinue his education after passing class X examination. He wanted to do a smalltime business as he was unable to make both the ends meet through cultivation on a small piece of land. But finance was the biggest hurdle before him. Sometimes, he used to feel depressed fearing that even his small ambition might not be fulfilled. In the mean time, Ramkumar came to know through newspapers that loans are extended to people belonging to scheduled castes by Antyavasai Sahakari Vikas Samiti. Luck smiled on him since the loan application moved by him was immediately approved.

On depositing an amount to the tune of Rs 12 thousand, the District Antyavasai Sahakari Vikas Samiti provided loan worth Rs three lakh 15 thousand to Ramkumar. He purchased a Tata Magic vehicle from this amount. He wants to use this vehicle as a taxi. He has come to know that there are less means of transport between Hatta and Malwa. Therefore, he plans to ply his taxi on this route. Ramkumar intends to provide better transport facility to villagers of this backward area.

Along with Tata Magic, another fortune was in store for Ramkumar. All taxes on his vehicle have been waived for two years by the R.T.O. He has been given the option of paying half tax for four years. Ramkumar has been given loan on reduced rate of interest and would pay only six percent interest per annum.

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