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Uttarakhand Offers Rs 50,000 House Loan to Construction Workers
Uttarakhand government provides registered construction workers with loans up to Rs 50,000 for housing at a minimal interest rate of 5%. Eligibility includes five years of membership.
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What Happened?
Uttarakhand government provides registered construction workers with loans up to Rs 50,000 for housing at a minimal interest rate of 5%. Eligibility includes five years of membership.
Why it matters
This scheme provides financial support to construction workers, helping them secure housing.
Key points
- Registered construction workers can apply for a loan up to Rs 50,000.
- The loan has a minimum interest rate of 5% per annum.
- Applicants must be registered with the UKBOCWWB for at least five years.
- A self-declaration certificate is required stating no other assistance has been received.
- The application process is online through shramik suvidha kendras.
Key insights
- The scheme could improve housing access for low-income construction workers.
- It may encourage more workers to register with the UKBOCWWB.
- The low-interest loan could alleviate financial burdens for families.
AI Quick Summary
Uttarakhand's scheme offers Rs 50,000 loans to construction workers for housing at 5% interest.
Source
Times of India
