Swamitva Yojana Will Enable Home Loans for Rural Landowners

In a significant reform for rural landowners aimed at improving the finances of rural property, Prime Minister Narendra Modi, handed over the physical copies of property titles of their homes and surrounding areas to 1,32,000 landowners in 763 villages across the country, under the Svamitva project launched by him in April this year. The Swamitva scheme is aimed to create a record of land ownership in rural areas. The scheme will provide ownership rights to people in the villages and will also help in settling the land disputes which go on for years. The title deeds, which handed over to the villagers, will enable them to access bank finance using their property as collateral, and will also help in keeping a record of properties in rural India. The title deeds will also map all urban or Abadi (populated) areas of 6.40 lakh villages in the country by 2024. The title deeds will also help in ending the property disputes that have gone on for years. The residential land in villages will be measured using drones to create a non-disputable record. It is the latest technology for surveying and measuring of land. The scheme will be carried out in close coordination with the Central Panchayati Raj ministry, Survey of India, Panchayati Raj departments and Revenue departments of various states.