Friday, May 27th, 2022 12:58:44

Govt to give property cards  to every household to ensure bank loans, says PM Modi

Updated: October 12, 2020 12:15 pm
Prime Minister Narendra Modi yesterday virtually launched the physical distribution of Property Cards under the SVAMITVA Scheme to transform rural India and empower millions of people.

Survey of Villages and Mapping with Improvised Technology in Village Areas, SVAMITVA is a Central Sector Scheme, which was launched in April this year with an aim to provide the record of rights to village household owners in rural areas and issue Property Cards.

Mr Modi said, the villagers will get the legal rights of their houses through property cards which will help them further to avail loans from banks and other financial facilities.

He said, the initiative will prevent illegal capturing of their properties.

The Prime Minister congratulated the lakhs of people who have got the ownership letters or property cards of their homes saying this will bring historic changes in the villages of the country.

He said, yesterday, the country has taken another major step towards Aatma Nirbhar Bharat.

Mr Modi said, the ownership plan is going to help a lot in making the people living in the village self-reliant.

He said, there are so many youths in the village who want to do something on their own, but they face many problems in getting loans from the bank in the name of their house.

The Prime Minister said, by showing the property card, now it is very easy to get loans from banks.

He said one lakh beneficiaries from Haryana, Karnataka, Madhya Pradesh, Maharashtra, Uttarakhand and Uttar Pradesh have been handed over the legal papers of their houses yesterday.

The Prime Minister promised to give such property cards to every household in the next three – four years in every village of the country.

Mr Modi said, he is happy that such a huge work is being done yesterday, on the birth anniversary of two great sons of India – Bharat Ratna awardees Lokanayak Jayaprakash Narayan and Nanaji Deshmukh.

He said, experts from all over the world have been insisting that the ownership of land and house plays a big role in the development of the country.

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