Sarkari Yojana
Loans and Advances for Construction of a House
About Loans and Advances for Construction of a House
Under the “Loans and Advances for Construction of a House” scheme, the Manipur Building and Other Construction Workers’ Welfare Board helps registered construction workers build homes of their own. Loan amounts depend on the worker’s skill level and range from ₹1,00,000/- to ₹2,00,000/-. Interest is 5% simple, repayment runs over 5 years, and a completion certificate must be submitted within six months of the loan being received.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Loans and Advances for Construction of a House, applicants must satisfy the following conditions:
Registration with the Manipur Building and Other Construction…
Registration with the Manipur Building and Other Construction Workers' Welfare Board is required.
The worker must hold a labor card that…
The worker must hold a labor card that is active.
A surety bond has to be executed by…
A surety bond has to be executed by the construction worker.
Benefits Provided
Loans and Advances for Construction of a House provides the following benefits to eligible applicants:
Financial assistance for house construction for building workers:
Unskilled Labour can receive ₹1,00,000/-
Unskilled Labour can receive ₹1,00,000/-.
For Simi-Skilled Labour, the amount is ₹1,50,000/-
For Simi-Skilled Labour, the amount is ₹1,50,000/-.
Skilled Labour is eligible for ₹2,00,000/-
Skilled Labour is eligible for ₹2,00,000/-. Rate of Interest:
Interest is charged as simple interest at 5%…
Interest is charged as simple interest at 5% per annum. Repayment:
The loan is repaid through monthly installments over…
The loan is repaid through monthly installments over 5 years.
Documents Required
Applicants should keep the following documents ready before starting the application:
Registration Certificate
Registration Certificate.
Receipt for the Last Contribution paid
Receipt for the Last Contribution paid.
Copy of the cost estimate for building the…
Copy of the cost estimate for building the house.
Copy of the Sanction Order (granting loan/advance for…
Copy of the Sanction Order (granting loan/advance for construction of house in respect of the subsidy up to 25% of the amount of loan/advance received).
Aadhaar Card of the applicant and of the…
Aadhaar Card of the applicant and of the construction worker.
Bank Passbook's First Page
Bank Passbook's First Page.
How to Apply
Offline Application
Applicants can apply for Loans and Advances for Construction of a House through the offline application process outlined below.
Application Process
Step-1: During office hours, go to the Manipur Building and Other Construction Workers Welfare Board and ask the staff in charge of issuing and receiving applications for a printed copy of the prescribed form.
OR
Open the official website and download the application form.
Step-2: Complete all mandatory fields and enclose copies of the mandatory documents (self-attested, if required).
Step-3: Hand the signed and completed form, with documents, to the Labour Board Inspector
Step-4: Obtain a receipt or acknowledgement from the Labour Board Inspector, checking that it records the date and time of submission and a unique identification number (if applicable).
NOTE:
A surety bond has to be submitted to the board by the applicant.
Within six months of the date of Drawal of the Loan or Advance, the beneficiary building worker must give the Board a completion certificate.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.