Manipur Govt Scheme for Loans and Advances for Construction of House | Manipur Govt House Construction Scheme
The Loans and Advances for Construction of a House (LACH) scheme, offered by the Manipur Building and Other Construction Workers’ Welfare Board (MBOCWWB), provides affordable housing loans to registered construction workers in Manipur. This government initiative helps building workers construct their own homes with low-interest financial assistance, promoting welfare in the construction sector.
Key Benefits of the Manipur Govt LACH Scheme
- Loan Amount Based on Skill Level:
- Unskilled Labour: ₹1,00,000
- Semi-Skilled Labour: ₹1,50,000
- Skilled Labour: ₹2,00,000
- Interest Rate: Simple interest at 5% per annum.
- Repayment Period: Up to 5 years.
- Additional Subsidy: Potential subsidy up to 25% of the loan/advance amount (as per sanction order).
- Beneficiaries must submit a house completion certificate within six months from the date of loan disbursement.
This scheme is designed for registered building and other construction workers, offering subsidized loans to make home ownership accessible.
Eligibility Manipur Govt LACH Scheme
To qualify for the Manipur construction workers house loan:
- Must be a registered member of the Manipur Building and Other Construction Workers’ Welfare Board.
- Membership should be active and contributions up-to-date.
- Applicant must execute a surety bond before availing the loan.
- Proof of skill level (unskilled, semi-skilled, or skilled) determines the loan amount.
- The worker should demonstrate ability to repay the loan in installments.
How to Apply for Manipur Govt LACH Scheme
The application process is offline for easy access:
- Visit the Manipur Building and Other Construction Workers’ Welfare Board office during working hours.
- Request a hard copy of the prescribed application form from the designated staff.
- Fill in the form with required details and attach supporting documents (e.g., registration proof, estimated construction expenses, etc.).
- Submit the completed form to the board.
- Upon approval, receive the sanction order and loan disbursement.
- Offciali advertisement: https://www.myscheme.gov.in/schemes/lach
- Official website: https://www.myscheme.gov.in
- Guidlines: Click here
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FAQ: Manipur Govt LACH Scheme
The official myScheme.gov.in page for the LACH scheme does not feature a dedicated FAQ section with extensive question-answer pairs. Instead, key details are provided in the scheme description, benefits, and process sections. Below is a comprehensive FAQ compiled from available official and reliable sources for the scheme:
1. What is the Loans and Advances for Construction of a House scheme in Manipur? It is a welfare initiative by the Manipur Building and Other Construction Workers’ Welfare Board to provide low-interest loans to registered construction workers for building their own houses.
2. Who is eligible for this house construction loan scheme? Registered construction workers under the MBOCWWB with active membership. The applicant must be able to repay the loan and provide a surety bond.
3. What are the loan amounts available under the LACH scheme?
- Unskilled workers: ₹1,00,000
- Semi-skilled workers: ₹1,50,000
- Skilled workers: ₹2,00,000
4. What is the interest rate and repayment tenure? 5% simple interest per annum, with a repayment period of up to 5 years.
5. Is there any subsidy available? Yes, a subsidy of up to 25% on the loan/advance amount may be provided, as mentioned in the sanction order.
6. What documents are required to apply?
- Proof of registration with MBOCWWB
- Active membership verification
- Estimated cost of house construction
- Sanction order copy (for subsidy claims)
- Surety bond
7. How to apply for the scheme? Visit the MBOCWWB office, obtain and fill the application form, and submit it offline.
8. What is the requirement after receiving the loan? The beneficiary must submit a house completion certificate to the Board within six months from the date of loan disbursement.
9. Where can I get more details or the application form? Contact the Manipur Building and Other Construction Workers’ Welfare Board directly or visit https://www.myscheme.gov.in/schemes/lach for the official listing.
This Manipur construction workers housing loan scheme supports affordable home building—apply today if you’re a registered worker! For the latest updates, refer to official government portals.