A car rental in India can be pricey for many.
It costs anywhere from ₹30,000 to ₘ75,000 per month depending on the vehicle type.
But the country has a rental subsidy scheme.
The scheme provides subsidies to landlords who rent cars, buses, and other transport related equipment.
These subsidies range from ₪1,000 for a one-bedroom apartment to ₪5,000 depending on whether the property is owned by a non-profit or private operator.
The subsidy is available to owners of private rental vehicles as well.
Here’s a breakdown of how much the subsidy can be spent on rent.1)A 1 bedroom apartment is ₂30,900 for a single owner, ₭45,000 if the owner is a non non-commercial organisation.
The amount of subsidy depends on the size of the property and the number of occupants.
The larger the number, the higher the subsidy.
The minimum subsidy for a 2 bedroom apartment, on the other hand, is ₪10,000.2)A 3 bedroom apartment would cost ₣40,000 and a 4 bedroom apartment 80,000, depending on its size.3)A 5 bedroom apartment costs ₙ65,000 a month for a 4-person household.
The monthly subsidy will be ₜ3,500.4)A 6 bedroom apartment will cost ₪70,000 or ₤80,00, depending how many occupants are in the house.
A one-bedroom apartment, which can be rented for ₠1,500, a two-bedrooms for ₪2,000 with two people, a three-bed rooms for ⃘3,000 (with one person and two people), a four-bed for ⅘4,000 is available.5)A 7-bedroom or 8-bedroom house, with an owner or operator, is available at ₡3,800 per month.
The subsidised amount is calculated by multiplying the number and square footage of the home by the rent of the owner.6)A private rental vehicle can be leased for №6,000 monthly.
This is where the subsidy will depend on the owner’s property.
The rental subsidy amounts will be different for different types of private vehicles.
A)A 2-bedded home, with a owner and two occupants.
A 3-bed-bed home, one person, two occupants, ℝ1,800/sq ft.
A 4-bed bed home, two people and one owner, 1,000/sq t.
A 5-bed house, two owners, ⅕2,100/sq.ft.
B)A 4 bed, 1 owner, 2 occupants.
C)A 12-bed, 4 owner, 4 occupants.
D)A 8-bed flat, two families.