On Sunday, the honorable Prime Minister of India, Narendra Modi has launched the SVAMITVA Scheme (1) via video conferencing. The scheme or ownership involves the physical distribution of property cards. He also asserted the move as ‘historical’ that would transform rural India.
It will pave the way for villagers to use their property as a financial asset to take loans and other fiscal benefits.
While commenting on the development, PMO, the Prime Minister’s Office, stated that the launch would enable over one lakh property owners to download their property cards via an SMS link sent on their mobile phones. Then, the respective state governments would distribute the property cards physically.
Notably, the SVAMITVA scheme covers beneficiaries from 763 villages from six states. It includes 346 from Uttar Pradesh, 221 from Haryana, 100 from Maharashtra, 44 from Madhya Pradesh, 50 from Uttarakhand, and two from Karnataka.
SVAMITVA Scheme to Make Atma Nirbhar Rural India
Narendra Modi has also interacted with several beneficiaries of the scheme. Notably, the SVAMITVA stands for Survey of Villages and Mapping with Improvised Technology in Village Areas.
He added that the central scheme would make people living in rural India, Atma Nirbhar, or self-reliant. The government will make sure that the cards will reach every village in the country. Moreover, the property record will lead to confidence in the property owners while also opening up new investment gateways.
PM Modi also stated that the scheme would strengthen gram panchayats and lead to easy land management in India’s villages. With the system, beneficiaries would have a right and a legal document to prove that your house or property is yours. Moreover, it would also help in getting a loan from the bank.
The SVAMITVA scheme by PM Modi would enable rural masses to use their property is a financial asset. He aims to create a geospatial database for all rural properties.