Financial Assistance for Purchase or Construction of House (UKBOCWWB)
in Uttarakhand
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Financial Assistance for Purchase or Construction of House (UKBOCWWB) in Uttarakhand
Financial Assistance for Purchase or Construction of House (UKBOCWWB) is a government scheme available to eligible residents of Uttarakhand.
Apply for Financial Assistance for Purchase or Construction of House (UKBOCWWB) in Uttarakhand
Scheme Overview
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.
Eligibility Criteria
The applicant must be a construction worker registered with the Uttarakhand Building and Other Construction Workers Welfare Board.
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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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.
Required Documents
| # | Document |
|---|---|
| 1 | Labour Card |
| 2 | Aadhaar Card |
| 3 | Bank account details |
| 4 | A handwritten self-declaration certificate stating that no assistance has been taken from any other department for the same purpose |
Common questions in Uttarakhand
Who can apply for Financial Assistance for Purchase or Construction of House (UKBOCWWB) in Uttarakhand?
Eligible residents of Uttarakhand who meet the scheme’s overall criteria can apply for Financial Assistance for Purchase or Construction of House (UKBOCWWB). Refer to the eligibility section above for the complete checklist.
What documents are required for Financial Assistance for Purchase or Construction of House (UKBOCWWB) in Uttarakhand?
Applicants in Uttarakhand typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
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>