LACH
What this is
The "Loans and Advances for Construction of a House" scheme by the Manipur Building and Other Construction Workers' Welfare Board provides financial support to registered construction workers to build their own houses. Beneficiaries can avail loans based on their skill level, with amounts ranging.
In detail
The "Loans and Advances for Construction of a House" scheme by the Manipur Building and Other Construction Workers' Welfare Board provides financial support to registered construction workers to build their own houses. Beneficiaries can avail loans based on their skill level, with amounts ranging from ₹1,00,000/- to ₹2,00,000/-. The loan carries a 5% simple interest, with a 5-year repayment period, and the worker must submit a completion certificate within six months of receiving the loan.
Who qualifies
- The construction worker should be registered under the Manipur Building and Other Construction Workers' Welfare Board.
- The construction worker should have an active labor card.
- The construction must execute a surety bond.
What you get
> Financial assistance for house construction for building workers:
- Unskilled Labour: ₹1,00,000/-.
- Simi-Skilled Labour: ₹1,50,000/-.
- Skilled Labour: ₹2,00,000/-.
> Rate of Interest:
- Simple interest rate of 5% per annum.
> Repayment:
- 5-year repayment period with monthly installments.
not about the scheme.
Provenance
| schemeName | Loans and Advances for Construction of a House | myScheme · 2026-09-02 |
| schemeOpenDate | ... | not published at source |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | False | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |