The Scheme For Loan And Advances to the Beneficiary For Construction Of House, initiated by the Tripura Building and Other Construction Workers Welfare Board under the Labour Department of Tripura, provides credit-linked interest subsidies to registered construction workers for constructing their own houses.
Benefits
- Interest Subsidy:
- A 6.5% credit-linked interest subsidy is provided on eligible loans.
- Loan Features:
- Maximum loan amount: ₹6 lakh.
- Maximum loan tenure: 20 years.
- Direct Subsidy:
- The subsidy is directly credited to the loan account to reduce the financial burden.
Eligibility Criteria
- Registration:
- The applicant must be a registered active construction worker under the Tripura Building and Other Construction Workers Welfare Board for at least 5 years.
- Age:
- The worker should have a minimum of 20 years before retirement.
- House Ownership:
- The applicant must not own a pucca house anywhere in India.
- Land Ownership:
- The worker must own a minimum land area of 30 square meters for house construction.
- Previous Assistance:
- The applicant should not have availed of housing assistance under any central/state government schemes.
- Income Limit:
- Annual income must not exceed ₹3,00,000.
- Category:
- The applicant must belong to the Economically Weaker Section (EWS).
Application Process
Online – Through Common Service Centers (CSCs):
- Document Collection:
- Gather all required documents.
- Visit CSC:
- Go to the nearest Common Service Center (CSC) for Biometric Verification.
- Application Submission:
- The CSC agent will fill out the application form and upload the necessary documents.
- Acknowledgment:
- Request a receipt with essential details, including date, time, and unique identification number.
Documents Required
- BOC Worker Registration Card.
- Aadhaar Number or Aadhaar Enrollment ID.
- Self-Certificate/Affidavit as Proof of Income.
- Identity and Residential Proof (e.g., PAN Card, Voter ID, Driving License).
- Proof of belonging to a Minority Community (if applicable).
- Nationality Proof.
- EWS/LIG/MIG Certificate (as applicable).
- Salary Slips or IT Return Statements.
- Property Valuation Certificate.
- Bank Details and Account Statement.
- Affidavit/Proof of no ownership of a pucca house.
- Affidavit/Proof of home construction under the scheme.
Frequently Asked Questions (FAQs)
- What is the purpose of the scheme?
- To provide financial assistance to construction workers for constructing their homes.
- What subsidy is offered?
- A 6.5% interest subsidy on home loans.
- Who is eligible?
- Registered construction workers under the Tripura Building and Other Construction Workers Welfare Board with a minimum of 5 years of registration.
- What is the loan tenure?
- The loan tenure is a maximum of 20 years.
- Can the loan be used to purchase an existing house?
- No, the scheme is specifically for constructing a new house.
- Is the subsidy available on the entire loan amount?
- Yes, the subsidy is applicable on loans up to ₹6 lakh.
- What happens if the application is rejected?
- Applicants can seek clarification from the concerned authority or reapply after addressing the issues.
- Are there income restrictions?
- Yes, the annual income should not exceed ₹3,00,000.
- Can non-residents of Tripura apply?
- No, the scheme is only for residents of Tripura.
- How will I know the status of my application?
- Applicants can check the status through the concerned CSC or contact the Welfare Board.
Contact Information
For detailed guidelines, visit the Labour Department of Tripura or inquire at the nearest Common Service Center (CSC).