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PM distributes over 65 lakh property cards under SVAMITVA Scheme

Prime Minister Narendra Modi on Saturday distributed over 65 lakh property cards under the SVAMITVA Scheme to owners through video conferencing. The property cards have been distributed in over 50 thousand villages across ten states and two Union Territories. Speaking on this occasion, the Prime Minister termed this day historic for the rural economy. He said, over two crore 25 lakh property documents have been issued in the last five years since the implementation of SVAMITVA scheme. Modi said, lack of proper property documents is a big problem which causes disputes. He said proper documentations of the property will facilitate getting loans from the banks, and protect from illegal encroachments. 

Union Minister of Panchayatiraj Rajiv Ranjan Singh said, the property card is a document that strengthens the rural economy. In villages, people own fields and homes, but they didn't have any official proof of ownership. Based on these cards, they can now avail loans from banks and financial institutions, he added.

SVAMITVA scheme aims to provide Record of Rights to property owners in village areas. The Svamitva scheme was launched in 2020 to enhance the economic development of rural India by providing a Record of Rights to households through advanced drone technology for surveying. It also facilitates property monetization, enables access to institutional credit through bank loans, reduces property-related disputes, and supports better property assessments and property tax collection in rural areas.The drone surveys have been completed in over three lakh 17 thousand villages so far, covering 92 per cent of the targeted areas. The scheme has reached full saturation in Puducherry, Andaman and Nicobar Islands, Tripura, Goa, Uttarakhand, and Haryana.
   

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