Loans for Tools (MBOCWWB)
in Meghalaya
Last updated:
Loans for Tools (MBOCWWB) in Meghalaya
Loans for Tools (MBOCWWB) is a government scheme available to eligible residents of Meghalaya.
Apply for Loans for Tools (MBOCWWB) in Meghalaya
Scheme Overview
Under the scheme, a one-time grant will be granted to all members of the fund for the purchase of tools subject to the conditions.
Eligibility Criteria
The beneficiary should be a resident of Meghalaya.
The beneficiary should be engaged in any building or other construction work.
The beneficiary should be registered under the Meghalaya Building & Other Construction Workers Welfare Board.
The beneficiary who has completed 3 years of membership in the fund will be eligible for this loan.
The beneficiary who remits contributions regularly will be eligible for this loan.
The beneficiary should have completed 55 years.
**Note 01:** Operation and maintenance of the tool shall be the sole responsibility of the beneficiary, and the Board shall not be responsible for any after-sales service, parts, or accessories.
**Note 02:** The grant shall be sanctioned subject to the production of a valid cash memo or voucher from an authorized dealer by the BOCW beneficiary and the tools shall be produced before an official of the Board for inspection & photograph.
**Note 03:** The Board shall emboss a mark (logo or serial No) onto the tool after production & inspection. A tool so marked cannot be produced again for any subsequent claim(s).
**Note 04:** A beneficiary is prohibited from selling the tools purchased and shall not be entitled to a second grant.
**Note 05:** The loan amount shall be recovered in not more than sixty installments.
Benefits
Under this scheme, registered building and construction workers will receive a one-time grant of up to ₹10,000/- for the purchase of tools.
Required Documents
| # | Document |
|---|---|
| 1 | Photograph of the worker |
| 2 | ID Proof of worker (Electoral Card, Ration Card, Driver's License, Aadhaar Card, Passport are acceptable) |
| 3 | Employer Certificate/Self Certification (Issued Either by the Labour Inspector or the Employer or SDO/AEE of Works Department) |
| 4 | Bank Passbook of the worker |
| 5 | eShram ID card, if any |
| 6 | Age proof of concerned building worker/applicant i.e. School certificate, Certificate from the Registrar of Birth and Deaths, Certificate from the Medical Officer not below the rank of an Assistant Surgeon in Government Service, Electoral Photo Identity C |
| 7 | Nomination Form duly signed by the applicant |
| 8 | Self-declaration towards non-enrolment as a member of any other welfare fund/ board |
| 9 | SC/ST Certificate (if applicable) |
| 10 | Any other documents as required |
| 11 | MBOCWWB ID Card of the concerned worker |
| 12 | Invoice Copy of Instruments Purchased |
| 13 | Bank account details/Bank Passbook |
| 14 | Any other documents as required |
Common questions in Meghalaya
Who can apply for Loans for Tools (MBOCWWB) in Meghalaya?
Eligible residents of Meghalaya who meet the scheme’s overall criteria can apply for Loans for Tools (MBOCWWB). Refer to the eligibility section above for the complete checklist.
What documents are required for Loans for Tools (MBOCWWB) in Meghalaya?
Applicants in Meghalaya 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 registered building and construction workers who have completed 3 years of membership in the fund and those who remit contributions regularly will be eligible for this loan.