Interest Subvention Scheme 2026

This scheme by the Himachal Pradesh Building and Other Construction Workers Welfare Board offers ₹20,000 yearly to Read More... registered workers to support the care of their mentally retarded or disabled children. Read less

Details

Caring for a child with special needs can be challenging, and financial support can make a significant difference. The Himachal Pradesh government, through its Building and Other Construction Workers Welfare Board, has a scheme to help construction workers in this regard.

What Is This Scheme?

The Mentally Retarded Children Benefit Scheme is a welfare initiative by the Himachal Pradesh Building and Other Construction Workers Welfare Board. It provides a yearly financial aid of ₹20,000 to registered construction workers. This fund is specifically for supporting the expenses related to the care of their children who are mentally retarded or have disabilities.

Who Can Benefit From This Scheme?

The scheme is designed for individuals who are registered as building or construction workers with the Himachal Pradesh Building and Other Construction Workers Welfare Board. The primary beneficiaries are the workers themselves, who receive the financial assistance to better care for their dependent children with mental disabilities.

Why This Scheme Is Important

This scheme aims to ease the financial burden on construction workers who have children with mental disabilities. By providing annual financial support, it helps ensure that these children receive necessary care, medical attention, and educational support, thereby promoting their well-being and development. It recognizes the special needs of such families and offers a helping hand.

Objective

This scheme by the Himachal Pradesh Building and Other Construction Workers Welfare Board offers ₹20,000 yearly to registered workers to support the care of their mentally retarded or disabled children.

Benefits

Amount of Loan:

The minimum loan size is ₹5.00 lakhs.
The maximum loan size is ₹500.00 lakhs for Micro and Small Manufacturing Enterprises.
₹200.00 lakhs for manufacturing and allied services enterprises towards building, gross block of plant and machinery directly involved in production. The loan/s over and above these limits will carry contract rate of interest.

Rate of Interest:

KSFC shall sanction loans with prevailing contract rate of interest and the promoters shall pay the interest accordingly. To avail the interest subvention under the scheme, the beneficiary / borrower shall be regular in repayment of installments of all the loans availed by the Enterprises from KSFC. The effective interest rate to be paid by beneficiary /borrower is the difference of contract rate and interest subvention of 5.5% p.a. reimbursed by Government of Karnataka.

Interest Subsidy [Subvention] Period:

The unit is eligible for interest subsidy [subvention] for a period of 5 years from the date of first disbursement of the loan, even though if the repayment period extends beyond 5 years.

Sources and references

Website

Eligibility Criteria

To be eligible for this scheme, construction workers must meet certain conditions:

For Registration with the Board:

Must be a resident of Himachal Pradesh.
Must be working as a building or construction worker.
Age should be between 18 and 60 years.
Must have worked in building or construction for at least 90 days within the last 12 months.

*Please note that worker registration needs to be renewed every year.

For Applying for the Benefit:

The worker must be registered with the Himachal Pradesh Building and Other Construction Workers Welfare Board and have an active membership.
The worker must be currently engaged in building or construction work.
The child applying for the benefit must be mentally retarded/disabled and be a dependent of the registered worker.

How To Apply

Registered construction workers can apply for the Mentally Retarded Children Benefit Scheme by following these general steps. It is advisable to check the official Himachal Pradesh Building and Other Construction Workers Welfare Board website or contact their local office for the most current and detailed application procedure.

Ensure you meet all the eligibility criteria for both worker registration and the benefit application.
Obtain the application form from the relevant office or download it from the official portal.
Fill out the application form accurately, providing all requested details about yourself and your child.
Attach all the necessary documents as listed.
Submit the completed application form along with the documents to the concerned office of the Himachal Pradesh Building and Other Construction Workers Welfare Board.

Official Address for Queries/Submission:

Himachal Pradesh Building and Other Construction Workers Welfare Board,
Labour Department, Block No. 34, SDA Complex, Kasumpati, Shimla - 171009, Himachal Pradesh.

Documents Required

When applying for the Mentally Retarded Children Benefit Scheme, you will typically need to provide the following documents:

Identity Proof (like Aadhaar Card or Voter Card) of the worker.
Bank Account Details, usually a copy of the bank passbook showing account number, IFSC code, and name.
Labour Card issued by the Board.
An ID Proof of the worker issued by the Himachal Pradesh Building and Other Construction Workers Welfare Board.

FAQ’s

What is the main purpose of the Mentally Retarded Children Benefit Scheme?

This scheme, run by the Himachal Pradesh Building and Other Construction Workers Welfare Board, aims to provide financial help of ₹20,000 per year to registered construction workers. This aid is for supporting the care of their children who have mental disabilities.

Can a construction worker apply for this benefit if they have two children with mental disabilities?

Yes, if a registered worker has more than one child who meets the criteria of being mentally retarded or disabled, they can submit a separate application for each eligible child.

What documents do I need to submit when applying for the scheme?

You will generally need to provide your Aadhaar Card or Voter Card for identity proof, your bank passbook copy, your Labour Card, and an ID card issued by the Board.

How much money will I receive each year from this scheme?

You will receive ₹20,000 annually as financial assistance to help with the care of your mentally retarded or disabled child.

Who is eligible to register as a construction worker in Himachal Pradesh?

To register, you must reside in Himachal Pradesh, be between 18 and 60 years old, and have worked in construction for at least 90 days in the past year. Your registration needs annual renewal.

What is the age limit for construction workers to apply for this scheme?

Construction workers applying for this scheme must be between 18 and 60 years of age to be registered with the Himachal Pradesh Building and Other Construction Workers Welfare Board.

Is there a specific last date to apply for the financial benefit?

The scheme doesn't mention a fixed deadline, but it's important that your worker membership with the Board is active when you apply. For the latest information, it's best to get in touch with the HPBOCWWB directly.

Can I apply for this scheme if I am no longer working as a construction worker?

No, this benefit is only for workers who are actively registered and engaged with the Himachal Pradesh Building and Other Construction Workers Welfare Board. Retired or inactive workers are not eligible.

Where can a construction worker get registered with the HPBOCWWB?

You can get registered by visiting the local Labour Welfare Office in your area or by registering yourself on the official website of the Himachal Pradesh Building and Other Construction Workers Welfare Board.

How can I use the ₹20,000 financial aid provided by the scheme?

The financial assistance is intended to cover the various needs of your mentally retarded or disabled child. This can include medical expenses, educational costs, therapy, or any other essential expenses related to their care and well-being.