The “Nirman Shramikon ke Liavsayik Rin Par Byaj ki Punarbharan Yojana” is designed to ease the financial burden on construction workers by assisting with the repayment of interest on their business loans. Recognizing the challenges faced by laborers, especially during economic downturns, this scheme aims to reimburse interest payments (up to ₹5,00,000/-) on commercial loans taken for business activities. The initiative underscores the government’s commitment to enhancing the financial resilience of construction workers, enabling them to pursue their entrepreneurial goals and improve their economic stability.
Benefits
- Interest Reimbursement:
The board will reimburse the interest payable on business loans up to ₹5,00,000/-.
Eligibility
- Applicant Requirements:
- Must be a construction worker registered with the board and regularly depositing contributions.
- The loan amount must be utilized solely for the applicant’s own business work.
- The loan cannot be used for purchasing a shop, plot, vehicle, or household goods.
- The applicant must submit a certificate of intention to repay the interest to the financial institution every year.
- The scheme is applicable only for a loan taken by one of the registered beneficiary’s spouse at a time.
- Accuracy of Information:
Any false information provided will result in the beneficiary being liable to deposit the entire sanctioned assistance amount along with the interest in a lump sum.
Application Process
Online
Registration
- Visit the Official Portal:
Go to the designated official portal. - Click on “Register”:
Select the “Register” option. - SSO Registration:
You will be redirected to the SSO registration page. Choose either the “Jan Aadhaar” or “Google” option:- Jan Aadhaar:
Enter your Jan Aadhaar number, click “Next”, select your name and that of your family members, click “Send OTP”, enter the OTP, and then click “Verify OTP”. - Google:
Enter your Gmail ID, click “Next”, enter your password, and follow the prompts.
- Jan Aadhaar:
- Finalize Registration:
A new SSO link will appear. Create your SSO ID password, enter your mobile number, and click “Register”. Then, submit your registration.
Applying for the Scheme
- Log In:
After registration, log in on the official portal. - Access the Dashboard:
Once logged in, the dashboard will open. - Navigate to “LDMS”:
Click on the “LDMS” option. - Select Scheme:
From the side menu under “Welfare Schemes”, select “BOCW Welfare Board”. - Apply for Scheme:
Click on “Apply for Scheme”. A new page will display a list of schemes under the Rajasthan Shramik Card; click on the name of the relevant “Yojana”. - Fill in Details:
Complete the application form with all the required details. - Submit:
Submit your application.
Documents Required
- Copy of the duly filled and complete application form along with self-attested certificates of the beneficiary and his/her spouse.
- Certificate of loan sanction from the financial institution or bank.
- Proof of interest paid on the loan during the year.
- Copy of Aadhaar Card and Jan Aadhaar Card of the beneficiary.
- Copy of the first page of the beneficiary’s savings bank account passbook (showing the beneficiary’s name, account number, and IFSC code).
- Self-declaration certificate by the spouse of the beneficiary stating that no loan is outstanding from any other institution at present.
Frequently Asked Questions
- What is the objective of the scheme?
To alleviate the financial burden of construction workers by reimbursing interest on their business loans. - What benefits are provided under the scheme?
Reimbursement of interest on business loans up to ₹5,00,000/-. - Can the beneficiary use the loan amount to buy a shop?
No, the loan amount can only be used for the beneficiary’s own business work. - How much reimbursement of interest is possible?
Up to ₹5,00,000/-. - Is there an application fee?
The details regarding any application fee are provided in the scheme guidelines. - Can applicants from outside Rajasthan apply?
No, the scheme is only for residents/domiciles of Rajasthan. - How many times will benefits be provided?
Benefits apply to the loan taken by one of the registered beneficiary’s spouse at a time. - What documents are required?
Refer to the “Documents Required” section above. - What happens if any information provided is found to be false?
The beneficiary will be liable to deposit the entire sanctioned assistance amount along with interest in a lump sum.