Home » PM Modi launches property card scheme to help rural households | India News

PM Modi launches property card scheme to help rural households | India News

by newsking24

MUMBAI: Prime Minister Narendra Modi launched a property card scheme on Sunday that he vowed would offer readability of property rights in villages and allow farmers to make use of their property as collateral for loans from monetary establishments.
Two-thirds of India’s inhabitants lives in rural areas, the place few possess correct land information and property disputes are widespread.
“This is a historic effort towards rural transformation,” PM Modi stated in a webcast speech whereas launching the bodily distribution of property playing cards underneath the ‘SVAMITVA’ (possession) scheme.
The authorities plans to make use of drone know-how to map land parcels in rural areas and canopy some 620,000 villages over the subsequent 4 years, he stated.
“Despite owning houses, people were facing multiple problems while borrowing from banks. These people can now borrow very easily from banks after showing property cards issued under ownership scheme,” the Prime Minister stated.
An preliminary batch of 100,000 folks from over 750 villages throughout six states will start to obtain the digitised property playing cards this month.
Each card could have a singular id quantity much like the Aadhaar card – the world’s greatest biometric id challenge, overlaying greater than a billion folks in India.

On the event, Modi additionally interacted with a number of beneficiaries of the Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and stated it’s large step for the nation in the direction of turning into ‘aatmanirbhar’ (self-reliant).
“Experts across the world have stressed that property ownership rights play a big role in a country’s development,” he stated to focus on the importance of the measure.
The youth dwelling in villages now can avail of financial institution loans in opposition to their properties to start out out on their very own, he stated, asserting it’s crucial for a creating nation like India to have clear land possession rights.
Property rights will give the youth self-confidence that may result in their self-reliance, he stated.
The beneficiaries are from 763 villages throughout six states, together with 346 from Uttar Pradesh, 221 from Haryana, 100 from Maharashtra, 44 from Madhya Pradesh, 50 from Uttarakhand and two from Karnataka.
The Prime Minister’s Office (PMO) has stated the launch will allow round one lakh property holders to obtain their property playing cards by way of an SMS hyperlink despatched on their cellphones, and this could be adopted by the bodily distribution of property playing cards by respective state governments.

Source hyperlink

Related Articles

Leave a Reply

Select Language »
%d bloggers like this: