Staff Writer
Pune: Piaggio Vehicles Pvt Ltd (PVPL) has partnered with State Bank of India (SBI) to provide financing support for three-wheelers under the Uttar Pradesh government’s CM Yuva Yojna, aimed at promoting youth entrepreneurship and employment generation in the state.<\/p>\n\n\n\n
The company said it has signed a memorandum of understanding (MoU) with SBI’s Lucknow Circle to facilitate financing for its range of electric and internal combustion engine (ICE) three-wheelers through the bank’s network of more than 1,600 branches across central and eastern Uttar Pradesh.<\/p>\n\n\n\n
The CM Yuva Yojna seeks to create employment opportunities for 1.5 lakh youth in Uttar Pradesh by encouraging self-employment and small business ownership.<\/p>\n\n\n\n
Under the scheme, eligible entrepreneurs aged between 25 and 40 years can avail interest-free loans backed by government subsidy, financing covering up to 85-90 per cent of vehicle cost, a repayment tenure of four years and waiver of guarantor requirements, the company said.<\/p>\n\n\n\n
Piaggio said it will also set up dedicated CM Yuva Help Centres across its dealership network in Uttar Pradesh to assist applicants with financing and enrolment under the programme.<\/p>\n\n\n\n
The partnership combines SBI’s financing reach with Piaggio’s portfolio of commercial three-wheelers to improve access to vehicle ownership and support livelihood generation across the state.<\/p>\n\n\n\n
Piaggio Vehicles Executive Vice President, CV Domestic Business and Retail Finance, Amit Sagar said the initiative aims to make vehicle ownership more accessible while creating opportunities for self-employment and enterprise development.<\/p>\n\n\n\n
SBI Deputy General Manager Vibhash Kumar said the collaboration would help expand affordable financing access for aspiring entrepreneurs and strengthen self-employment opportunities in Uttar Pradesh.<\/p>\n","protected":false},"excerpt":{"rendered":"
Staff WriterPune: Piaggio Vehicles Pvt Ltd (PVPL) has partnered with State Bank of India (SBI) to provide financing support for three-wheelers under the Uttar Pradesh government’s CM Yuva Yojna, aimed at promoting youth entrepreneurship and employment generation in the state. The company said it has signed a memorandum of understanding (MoU) with SBI’s Lucknow Circle […]<\/p>\n","protected":false},"author":1,"featured_media":4390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[106,110],"tags":[],"class_list":["post-4389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-electric-vehicles-evs","category-three-wheelers"],"_links":{"self":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/comments?post=4389"}],"version-history":[{"count":1,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4389\/revisions"}],"predecessor-version":[{"id":4391,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4389\/revisions\/4391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media\/4390"}],"wp:attachment":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media?parent=4389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/categories?post=4389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/tags?post=4389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}