FAPCH(UKBOCWWB)

Financial Assistance for Purchase or Construction of House (UKBOCWWB)

The scheme provides loans of up to ₹50,000/- to construction workers registered with the Uttarakhand Building and Other Construction Workers Welfare Board (UKBOCWWB) for the purchase or construction of a house, at a minimum interest rate of 5% per annum.

State Cash

States / UT: Uttarakhand

Nodal department: Department Of Labour

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Housing & Shelter

Sub-categories: Loan, Housing

Target beneficiaries: Individual

Tags: Loan, House, Construction Worker, Building Worker, Labour

Details

The “Financial Assistance for Purchase or Construction of House” scheme is implemented by the Uttarakhand Building and Other Construction Workers Welfare Board (UKBOCWWB) under the Labour Department, Government of Uttarakhand. The scheme aims to provide loans to registered construction workers for the purchase or construction of a house at a minimal interest rate.

Benefits

  • 1. Under the scheme registered construction workers are eligible to receive an advance loan amount of up to ₹50 000/- for the purchase or construction of a house subject to the conditions specified by the Board. 1. Interest of at least 5% per annum is applicable on this loan
  1. Under the scheme, registered construction workers are eligible to receive an advance loan amount of up to ₹50,000/- for the purchase or construction of a house, subject to the conditions specified by the Board.
  2. Interest of at least 5% per annum is applicable on this loan.

Eligibility

  1. The applicant must be a construction worker registered with the Uttarakhand Building and Other Construction Workers Welfare Board.
  2. To avail an advance loan for the purchase or construction of a house, the worker must have been a member of the fund for at least five years and should have a minimum of 15 years remaining until superannuation/retirement age.

Application Process

Online - via CSC

  • The online application is submitted through Shramik Suvidha Kendras.
  • Along with the application form, the applicant must attach the Shramik Card, Aadhaar Card, bank account details, and a handwritten self-declaration certificate stating that no assistance has been taken from any other department for the same purpose.
  • If the application is verified and found correct during the departmental investigation, the advance amount is disbursed, on which the worker is required to pay interest at the rate of 5% per annum.
  • Proof of completion of the work must be submitted to the Secretary of the Board within six months from the date of withdrawal of the advance. The sanctioned advance amount shall be recovered in equal installments as determined by the Board.

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is the main objective of the scheme?
The scheme aims to support construction workers by providing them with financial assistance in the form of loans to buy or build their own house at a subsidized interest rate. <br>
How much loan amount is provided under the scheme?
A loan of up to ₹50,000/- is provided for the purchase or construction of a house. <br>
What is the interest rate applicable on the loan?
The loan is provided at a minimum interest rate of 5% per annum. <br>
Who is eligible to apply for this scheme?
Only construction workers registered with the Uttarakhand Building and Other Construction Workers Welfare Board are eligible. <br>
Is there a minimum membership period required?
Yes. The worker must have been a member of the Welfare Fund for at least five years. <br>
Is there an age-related eligibility condition?
Yes. The applicant must have at least 15 years remaining until superannuation/retirement age. <br>
How can a worker apply for this scheme?
The application must be submitted online through Shramik Suvidha Kendras. <br>
How is the loan repaid?
The sanctioned loan amount is recovered in equal installments as determined by the Board. <br>

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status