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IRSBC

Interest Subsidy Scheme for Professional Loans for Construction Workers

T

State

States / UT: Rajasthan

Department: Labour Department

Nodal department: Labour Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Construction Workers, BOCW Workers

Tags: Construction Workers, Financial Assistance, Interest Subsidy, Rajasthan, Labour Department, Economic Support, Registered Workers, Loans, Business, Welfare, State Scheme, DBT

Details

The scheme is established under the provisions of Section 22(1)(h) of the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, and the rules framed under the Rajasthan Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 2009. The purpose of this scheme is to relieve registered beneficiaries engaged in building and other construction work from the burden of interest payments on loans taken from financial institutions/banks for business purposes. This scheme will be applicable to registered construction workers who are contributing regularly and are registered as beneficiaries under Section 12 of the Act. The scheme will be effective throughout the state of Rajasthan.

Benefits

  • - Relief from the burden of interest payments on loans taken for business purposes
  • Financial assistance to registered construction workers
  • Support for the economic upliftment of construction workers
  • Relief from the burden of interest payments on loans taken for business purposes
  • Financial assistance to registered construction workers
  • Support for the economic upliftment of construction workers

Eligibility

Registered construction workers under the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996, who are contributing regularly and are registered as beneficiaries under Section 12 of the Act.

Application Process

Online

  1. Visit the official website: Labour Department Rajasthan
  2. Apply online through the designated portal.
  3. Submit required documents:
    • Aadhar Card Copy
    • Jan Aadhar/Bhamashah Card Copy
    • Bank Passbook Copy
    • Other relevant documents
  4. For more information, refer to the notification: Scheme Notification

Documents Required

No document list is available for this scheme yet.

References

Apply

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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