Indira Mahila Shakti Prashikshan Evam Kaushal Sanvardhan Yojna -RS-CIT 2026
This scheme offers loans up to ₹50,000 to registered construction workers in Uttarakhand to help them buy Read More... or build a house, with a low interest rate. Read less
Details
The Uttarakhand Building and Other Construction Workers Welfare Board (UKBOCWWB) is running a scheme to help registered construction workers own a home. This initiative, under the Labour Department of Uttarakhand, provides financial support through loans.
What Is This Scheme?
The "Financial Assistance for Purchase or Construction of House" scheme is designed to make homeownership achievable for construction workers. It allows them to take a loan to buy or construct a house at a very nominal interest rate.
Who Can Benefit From This Scheme?
This scheme is for individuals who are registered as building and other construction workers with the Uttarakhand Building and Other Construction Workers Welfare Board. It's a stepping stone for them to secure a home for their families.
Why This Scheme Is Important
Owning a house is a dream for many. This scheme addresses that need by providing accessible financial aid. It aims to improve the living conditions of construction workers by enabling them to invest in a permanent shelter, offering them security and stability.
Objective
Benefits
Sources and references
Eligibility Criteria
- You must be a construction worker registered with the Uttarakhand Building and Other Construction Workers Welfare Board.
- To get a loan for house purchase or construction, you need to have been a member of the fund for at least five years.
- You must also have a minimum of 15 years left until you reach your retirement age.
How To Apply
To apply for this financial assistance, registered construction workers need to submit their application online. This process is managed through the Shramik Suvidha Kendras.
Documents Required
- Labour Card
- Aadhaar Card
- Bank account details
- A handwritten self-declaration stating that you haven't received similar aid from any other government department for the same purpose.
FAQ’s
What is the main goal of this scheme?
The scheme's main aim is to give construction workers financial help through loans, so they can buy or build their own home at a low interest rate.
Can you tell me how much loan money is available?
Yes, you can get a loan of up to ₹50,000 to purchase or construct a house under this scheme.
What's the interest rate on this loan?
The loan is offered at a minimum interest rate of 5% per year.
Who is allowed to apply for this assistance?
Only construction workers who are registered with the Uttarakhand Building and Other Construction Workers Welfare Board are eligible to apply.
Do I need to be a member for a certain period?
Yes, you must have been a member of the Welfare Fund for at least five years to be eligible.
Are there any age limits or conditions?
Yes, you must have at least 15 years remaining until you reach your retirement age.
How do construction workers apply for this scheme?
The application process is entirely online and can be completed through the Shramik Suvidha Kendras.
How is the loan paid back?
The loan amount that is approved will be repaid in equal installments, as decided by the Board.
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