Thu. Oct 22nd, 2020

Prime Minister Narendra Modi will launch circulation of residential or commercial property cards under the Survey of Towns And Mapping With Improvised Technology In Town Areas(SVAMITVA)plan at 11am on Sunday. These cards are physical copies of

home titles of the villagers ‘homes and the surrounding locations they own( as opposed to the cultivated land). The SVAMITVA scheme, which was launched by the PM in April, enables rural masses to use home as a financial asset, the Prime Minister’s Office said in a statement on Friday.PM Modi will communicate with some of the recipients of the scheme as part of the event in which cards

will be handed over toaround 132,000 landowners. Union minister for panchayati raj Narendra Singh Tomar will exist in the programme. According to the PMO, the beneficiaries are from 763 towns including 346 from Uttar Pradesh, 221 from Haryana, 100 from Maharashtra, 44 from Madhya Pradesh, 50 from Uttarakhand and two from Karnataka.Beneficiaries from all states other than Maharashtra will receive physical copies of the residential or commercial property cards within one day but since the western state has

a system of recuperating the small expense of these cards, it will take a month’s time there, the PMO declaration read.The scheme is being implemented across the country in a phased way. It will cover 662,000 villages from 2020 to 2024 and pave the way for using residential or commercial property as a monetary property by villagers for taking loans and other financial advantages, the statement added.Millions of rural homeowner will take advantage of the first of its kind plan that includes the most modern-day ways of technology

, the PMO declared. Source

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