‘Mo Ghara’ Scheme; Know Eligibility Criteria And Other Details
Odisha Government approved ‘Mo Ghara’ scheme. The decision was taken at the Cabinet meeting chaired by Hon’ble Chief Minister Naveen Patnaik.
Under ‘Mo Ghara’ Yojana in Panchayati Raj & Drinking Water Department, the State Government will provide financial support to meet aspiration of the lower and lower middle-class households in rural areas.
The scheme under Panchayati Raj & Drinking Water Department will cover all such families who were left out in the existing housing schemes due to stringent eligibility criteria or due to insufficient allocation and also those who had received housing assistance of smaller amount in the past and now wants to upgrade or expand their houses.
In this scheme a beneficiary can avail housing loan upto ₹ 3 Lakh which can be repaid in 10 years excluding 1 year moratorium period in easy installments.
They can opt for one of the four slabs of the loan amount – ₹. 1 Lakh, 1.5 Lakh,2 Lakh and 3 Lakh.
According to news portals, the government might bear the expenses of ₹ 2150 crore for approximate 4 lakh beneficiaries (1 Lakh from each loan slab) over a period of two years for the scheme.
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Mo Ghara Scheme Eligibility Criteria:
The following categories of rural households will be eligible under this scheme.
1. If the family is staying in a kutcha house or one pucca room with RCC roof.
2. If the family has either not availed any Govt. housing assistance or has availed assistance of below ₹.70,000 /- in the past.
3. If the income of the family per month is below ₹.25,000/-
4. If the family does not possess a non-commercial motorized Four-Wheeler for personal use.
5. If the family does not have any member as a regular Government/PSU employee or drawing a monthly pension for the service period from Government/PSU.
6. If the family owns below 5 acres of irrigated land or below 15 acres non-irrigated land.
7. State Government will release capital subsidy to the loan account of the beneficiaries on completion of the house. Enhanced capital subsidy will be available to the vulnerable categories like SC/ST and PWD headed households. The rates of the subsidy as decided by the State Cabinet today is as follows:
8. The capital subsidy released to the loan accounts of the beneficiaries will result in significant reduction in EMI for repayment and thus make the repayment more affordable.
9. Banks will not charge any processing fee from the beneficiary for sanction of the loan.
10. ln order to further reduce the financial burden for the beneficiaries, the registration fee and stamp duties required during mortgage of tittle deed have been waived off by the State Government. The charges for getting certified copies of relevant documents from the Sub-Registrar offices as required by bank for processing of loan applications under this scheme will also be waived.
11. The legal consultation fee is also standardized to ₹. 1000/- maximum, which State Government will reimburse to the banks.
12. The beneficiaries can also avail support under relevant schemes of rural sanitation, drinking water, rural electrification etc. if found eligible and not availed earlier.
To apply for check for more information about the scheme, please visit the related Govt Website.