Prime Minister Modi has launched the physical distribution of property cards under the ‘SVAMITVA’ (ownership) scheme via video conferencing, and asserted that it is a “historic move” set to transform rural India.
Daily Current Affairs Quiz 2020
Key-Points
The SVAMITVA scheme, which was launched in April this year, aims to provide the record of rights to village household owners in rural areas and issue Property Cards.
The Scheme is being implemented across the country in a phased manner over a period of four years and will cover around 6.62 lakh villages of the country.
The launch will enable around one lakh property holders to download their Property Cards through the SMS link delivered on their mobile phones. This would be followed by physical distribution of the Property Cards by the respective State governments.
The move will pave the way for using property as a financial asset by villagers for taking loans and other financial benefits.
