Yes, you can get a Mudra Loan to purchase a commercial vehicle, to help you with your business.
MUDRA Loans are offered to these targeted customers/segments; Individuals/MSMEs engaged in non-farm entrepreneurial activities; This includes, manufacturing, trading and service enterprises including professionals rendering services across the country. The business setup could be in rural, semi-urban, urban or metro centres.
Mudra Loans for purchase of Commercial Vehicles
Purchase of commercial vehicles for products and passenger transportation, such as auto-rickshaws, small goods transport vehicles, 3 wheelers, e-rickshaws, taxis, and so on. Tractors, tractor trolleys, and power tillers operated solely for commercial purposes are also eligible for PMMY assistance. Two-wheelers operated for commercial purposes are likewise covered under PMMY.
Also Read: Mudra Loan Eligibility & Features