The Loans and Advances for Construction of a House Scheme, initiated by the Manipur Building and Other Construction Workers’ Welfare Board, provides financial support to registered construction workers for building their own homes. The scheme offers loans based on skill levels at a minimal interest rate, ensuring affordable access to housing.
Key Benefits
- Loan Amount:
- Unskilled Labour: ₹1,00,000/-
- Semi-Skilled Labour: ₹1,50,000/-
- Skilled Labour: ₹2,00,000/-
- Interest Rate:
- Simple interest of 5% per annum.
- Repayment Period:
- 5 years, with repayment in monthly installments.
- Completion Certificate:
- The worker must submit a completion certificate within six months of receiving the loan.
Eligibility Criteria
- Registration:
- The applicant must be registered with the Manipur Building and Other Construction Workers’ Welfare Board (BOCWWB).
- Labor Card:
- The worker must hold an active labor card.
- Surety Bond:
- The worker must execute a surety bond before availing of the loan.
- Membership Status:
- The worker’s membership must be active and up-to-date.
Application Process
Offline Application
- Obtain Application Form:
- Visit the Manipur Building and Other Construction Workers’ Welfare Board during office hours to collect the application form.
- Alternatively, download the form from the official website.
- Fill Out the Form:
- Complete the application form, ensuring all mandatory fields are filled.
- Attach Required Documents:
- Include copies of all necessary documents (self-attested if required).
- Submit Application:
- Submit the completed form along with the documents to the Labour Board Inspector.
- Request a receipt or acknowledgment with details such as date, time, and a unique identification number.
Important Notes:
- Submit the surety bond to the Board.
- Provide the completion certificate to the Board within six months of receiving the loan.
Documents Required
- Certificate of Registration (with BOCWWB).
- Payment Receipt:
- Proof of the last contribution payment.
- House Construction Estimate:
- A detailed cost estimate for the construction.
- Sanction Order Copy:
- Document granting the loan or advance.
- Aadhaar Card:
- For both the applicant and the construction worker.
- Bank Details:
- Copy of the first page of the bank passbook showing account details.
Frequently Asked Questions (FAQs)
Loan Details
- What is the maximum loan amount?
- Up to ₹2,00,000/- for skilled laborers.
- What is the interest rate?
- 5% simple interest per annum.
- What is the repayment period?
- 5 years, with monthly installments.
Eligibility
- Who is eligible for the loan?
- Registered construction workers with an active labor card and membership in the Manipur BOCWWB.
Process and Documentation
- What documents are required to apply?
- Registration certificate, Aadhaar card, construction estimate, and others as listed.
- How do I apply for the loan?
- Applications must be submitted offline to the Labour Board Inspector.
Compliance
- Is there a penalty for not submitting a completion certificate?
- Non-compliance may result in penalties or recovery actions.
- What is the purpose of the surety bond?
- To ensure compliance with loan terms, including repayment and construction.
Repayment
- What happens if I fail to repay on time?
- The Board may impose penalties or initiate recovery actions.
- When does loan repayment start?
- Repayment starts after the loan is disbursed, as per the terms specified by the Board.
Contact Information
- Office Address:
Manipur Building and Other Construction Workers’ Welfare Board,
Department of Labour, Government of Manipur. - Helpline: Refer to the official website for updated contact details.
- Email: For specific queries, email the Board through the contact section on their official website.
Additional Resources
- Guidelines: Available on the official website.
- Application Form: Downloadable from the Board’s portal.
- Updates: Regular updates are provided through the official communication channels.
This comprehensive guide provides all necessary details for eligible construction workers to apply for the Loans and Advances for Construction of a House Scheme in Manipur.