Loans and Advances for Construction of a House
in Manipur
Last updated:
Loans and Advances for Construction of a House in Manipur
Loans and Advances for Construction of a House is a government scheme available to eligible residents of Manipur.
Apply for Loans and Advances for Construction of a House in Manipur
Scheme Overview
The "Loans and Advances for Construction of a House" scheme by the Manipur Building and Other Construction Workers' Welfare Board provides financial support to registered construction workers to build their own houses. Beneficiaries can avail loans based on their skill level, with amounts ranging.
Eligibility Criteria
The construction worker should be registered under the Manipur Building and Other Construction Workers' Welfare Board.
The construction worker should have an active labor card.
The construction must execute a surety bond.
Benefits
Unskilled Labour: ₹1,00,000/-.
Simi-Skilled Labour: ₹1,50,000/-.
Skilled Labour: ₹2,00,000/-.
Simple interest rate of 5% per annum.
5-year repayment period with monthly installments.
Required Documents
| # | Document |
|---|---|
| 1 | Certificate of Registration. |
| 2 | Payment Receipt of the Last Contribution. |
| 3 | Estimate Cost Copy of the House Construction. |
| 4 | Sanction Order Copy (granting loan/advance for construction of house in respect of the subsidy up to 25% of the amount of loan/advance received). |
| 5 | Aadhaar Card of the applicant and construction worker. |
| 6 | First Page of Bank Passbook. |
How to Apply in Manipur
Step-1: The interested applicant should visit (during office hours) the Manipur Building and Other Construction Workers Welfare Board and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to …
Offline Step-1: The interested applicant should visit (during office hours) the Manipur Building and Other Construction Workers Welfare Board and request a hard copy of the prescribed format of the application form from the staff exclusively entrusted to issue and collect filled-in applications. OR The interested applicant visits the official website and downloads the application form. Step-2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required). Step-3: Submit the duly filled and signed application form along with the documents to the Labour Board Inspector Step-4: Request a receipt or acknowledgement from the Labour Board Inspector 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). NOTE: The applicant submits the surety bond to the board. The completion certificate shall be submitted to the Board by the beneficiary building worker within six months from the date of Drawal of the Loan or Advance.
Common questions in Manipur
Who can apply for Loans and Advances for Construction of a House in Manipur?
Eligible residents of Manipur who meet the scheme’s overall criteria can apply for Loans and Advances for Construction of a House. Refer to the eligibility section above for the complete checklist.
What documents are required for Loans and Advances for Construction of a House in Manipur?
Applicants in Manipur typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Up to [?]2,00,000 depending on the skill level of the beneficiary.