1 / 6

How can I start a petrol pump and what are the requirements

A new dealer selection process has been formulated in order to promote the transparency in awarding of petrol pump license and franchise by petroleum companies in India. Below are the requirements for setting up a petrol pump:<br>1) Basic Eligibility Criteria: To be eligible to obtain a petrol pump license and start a petrol pump, the individual must be an Indian Citizen and a resident of India, as per the Income Tax rules. The applicant must also be not less than 21 years old and not more than 55 years.<br>2) Education Requirement: Rural petrol pump applicants, who are SC/ST or OBC, must have passed minimum 10th standard and all other applicants must have passed a minimum 10 2 level of examination. In case of application under open category, the applicant must have passed minimum 10 2 level of examination for rural petrol pumps.<br>3) Investment Requirement: To start a petrol pump, the applicant must show the ability to invest a minimum of Rs.25 lakhs in case of regular petrol pumps and Rs.12 lakhs in case of rural petrol pumps. The funds for investment can be in the following forms:<br>a) Funds in savings accounts, deposits with Bank/Registered Companies/Postal Schemes<br>b) National Savings Certificates, etc.<br>c) Bonds<br>d) Shares of listed Companies in Demat Form<br>e) Mutual Funds<br>f) It’s important to note that cash, jewelry for which ownership cannot be established will not be considered. Also, balance in current account will not be considered. <br>4) Land Requirement: Land is a major criterion in the selection of petrol pump dealers. The applicants are first classified into two groups as follows:<br>a) Applicants having suitable piece of land in the advertised location/area either by way of ownership / long term lease.<br>b) Applicants having Firm Offer for a suitable piece of land for purchase or long term lease.<br><br>If you are fit the eligibility criteria, you can apply online on the websites of the petroleum companies in India. Nayara Energy provides transparent, seamless and quick enrolment & commissioning process. Visit their website for more information or call them on 1800-1200-330.<br><br>

shantanu77fan
Télécharger la présentation

How can I start a petrol pump and what are the requirements

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Company Overview • NayaraEnergy is an integrated downstream oil company of international scale with strong presence in the hydrocarbon value chain from refining production to marketing in a number of segments including Retail. • Nayara Energy is committed to enhance Franchisee business by supplying high quality petrol & diesel at reasonable rates to our Franchisees, adding other profitable business lines, sales commission and performance based returns on the core investment to keep our dealers viable for business at all times.

  2. How can I start a petrol pump and what are the requirements? • A new dealer selection process has been formulated in order to promote the transparency in awarding of petrol pump license and franchise by petroleum companies in India. Below are the requirements for setting up a petrol pump: • Basic Eligibility Criteria: To be eligible to obtain a petrol pump license and start a petrol pump, the individual must be an Indian Citizen and a resident of India, as per the Income Tax rules. The applicant must also be not less than 21 years old and not more than 55 years. • Education Requirement: Rural petrol pump applicants, who are SC/ST or OBC, must have passed minimum 10th standard and all other applicants must have passed a minimum 10+2 level of examination. In case of application under open category, the applicant must have passed minimum 10+2 level of examination for rural petrol pumps.

  3. How can I start a petrol pump and what are the requirements? • Investment Requirement: To start a petrol pump, the applicant must show the ability to invest a minimum of Rs.25 lakhs in case of regular petrol pumps and Rs.12 lakhs in case of rural petrol pumps. • The funds for investment can be in the following forms: • Funds in savings accounts, deposits with Bank/Registered Companies/Postal Schemes • National Savings Certificates, etc. • Bonds • Shares of listed Companies in Demat Form • Mutual Funds • It’s important to note that cash, jewelry for which ownership cannot be established will not be considered. Also, balance in current account will not be considered. • Land Requirement: Land is a major criteri

  4. How can I start a petrol pump and what are the requirements? • Land Requirement: Land is a major criterion in the selection of petrol pump dealers. The applicants are first classified into two groups as follows: • Applicants having suitable piece of land in the advertised location/area either by way of ownership / long term lease. • Applicants having Firm Offer for a suitable piece of land for purchase or long term lease. • If you are fit the eligibility criteria, you can apply onlineon the websites of the petroleum companies in India. Nayara Energy provides transparent, seamless and quick enrolment & commissioning process. Visit their website for more information or call them on 1800-1200-330.

  5. Thank Youhttps://www.nayaraenergy.com/

More Related