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SLABCH

Scheme For Loan And Advances to the Beneficiary For Construction Of House

Launched by the Tripura Building and Other Construction Workers Welfare Board, this scheme provides registered construction workers in Tripura with financial assistance for house construction. Eligible beneficiaries can obtain loans up to ₹6 lakh with a 6.5% credit-linked interest subsidy, repayable over a maximum of 20 years, easing their financial burden.

State Cash

States / UT: Tripura

Nodal department: Labour Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Housing & Shelter

Sub-categories: Shelter, integrated support and assistance, Housing

Target beneficiaries: Individual

Tags: Financial Assistance, Construction Worker, Shelter, Housing

Details

The Scheme For Loan And Advances to the Beneficiary For Construction Of House was launched by the Tripura Building and Other Construction Workers Welfare Board, under the Labour Department of Tripura. This scheme offers registered construction workers a credit-linked interest subsidy for the construction of dwelling house.

Benefits

  • 1. Credit-linked interest subsidy at 6.5% for eligible loans. 1. Loan amount up to ₹6lakh, repayable over a maximum period of 20 years. Note: Direct subsidy credited to the loan account to reduce financial burden
  1. Credit-linked interest subsidy at 6.5% for eligible loans.
  2. Loan amount up to ₹6 lakh, repayable over a maximum period of 20 years.

Note: Direct subsidy credited to the loan account to reduce financial burden.



Eligibility

  1. The worker should be a registered active BOC worker under the Tripura Building and Other Construction Workers Welfare Board.
  2. The worker must be a registered construction worker for at least 5 years.
  3. The worker should have a minimum of 20 years before retirement.
  4. The registered construction worker must not hold any pucca house in any part of the country.
  5. The registered construction workers should have a minimum land area (30 Square meters) as per their income status for the construction of Houses.
  6. The beneficiary family should not have availed of any central assistance under any housing scheme from the central/ state Government.
  7. The worker's annual income should not exceed ₹3,00,000/-.
  8. The worker should belong to the economically weaker section (EWS) category.


Application Process

Online - via CSC

Step 1: The applicant should gather copies of the necessary documents needed to apply for the concerned scheme.
Step 2: The applicant should visit the nearest Common Service Center (CSC) and complete the Biometric Verification Process.
Step 3: The applicant should ensure that the CSC agent completes all mandatory fields in the application form and uploads copies of all required documents.
Step 4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).

Documents Required

No document list is available for this scheme yet.

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