Financial Assistance for Purchase or Construction of House (UKBOCWWB)

Description
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
• 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.
• Interest of at least 5% per annum is applicable on this loan.

Eligibility Criteria
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.
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Required Documents
• Labour Card
• Aadhaar Card
• Bank account details
• A handwritten self-declaration certificate stating that no assistance has been taken from any other department for the same purpose

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