The Tripura Building and Other Construction Workers Welfare Board (TBOCWWB), under the Labour Department of Tripura, has introduced the ‘Scheme for Loan and Advances to the Beneficiary for Construction of House’. This initiative provides financial assistance to registered construction workers in Tripura, enabling them to construct their own homes.
Loan Details and Benefits
Eligible workers can avail loans of up to Rs 6 lakh, which includes a 6.5% credit-linked interest subsidy. The loan can be repaid over a maximum period of 20 years. This scheme aims to support economically challenged construction workers in achieving home ownership.
Eligibility Criteria
To apply, a worker must be a registered and active ‘Building and Other Construction’ (BOC) worker under the TBOCWWB. The worker should have been registered for at least five years and have at least 20 years of service remaining. Additionally, the worker must not own a pucca house anywhere in India, and their family should not have availed any benefit under any housing scheme from the central or state government.
The applicant must possess a minimum land area of 30 square meters for house construction. The worker's annual income should be under Rs 3 lakh, and they must belong to the Economically Weaker Section (EWS) category.
Application Process
Step 1: Visit the nearest Common Service Centre (CSC) and complete the biometric verification process.
Step 2: Ensure the CSC agent fills all mandatory fields in the application form and uploads copies of all required documents.
Step 3: Obtain a receipt or acknowledgement from the concerned authority, containing essential details such as the date and time of submission and a unique identification number (if applicable).
Documents Required
- Copy of BOC Worker Registration Card
- Aadhaar Number (or Aadhaar Enrolment ID)
- Self-Certificate / Affidavit as Proof of Income
- Identity and Residential Proof (PAN card, Voter ID, Driving License)
- Proof of Minority Community (if applicable)
- Proof of Nationality
- EWS Certificate / LIG Certificate / MIG Certificate (as applicable)
- Salary Slips
- IT Return Statements
- Property Valuation Certificate
- Bank Details and Account Statement
- Affidavit/Proof that the applicant does not own a pucca house
- Affidavit/Proof that the applicant is constructing a home under the scheme
Important Notes
The scheme is not applicable to non-Tripura residents, and the loan is only meant for new construction. Upon approval, the subsidy is directly credited to the worker's bank account. If the application is rejected, the Board may provide an opportunity to reapply. The 6.5% interest subsidy is only applicable up to Rs 6 lakh.
