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Reading: PM Narendra Modi to distribute 6.5 million Svamitva property playing cards to 50,000 villages throughout 10 states, two UTs
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StockWaves > Business > PM Narendra Modi to distribute 6.5 million Svamitva property playing cards to 50,000 villages throughout 10 states, two UTs
Business

PM Narendra Modi to distribute 6.5 million Svamitva property playing cards to 50,000 villages throughout 10 states, two UTs

StockWaves By StockWaves Last updated: January 17, 2025 2 Min Read
PM Narendra Modi to distribute 6.5 million Svamitva property playing cards to 50,000 villages throughout 10 states, two UTs
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New Delhi: Prime Minister Narendra Modi will distribute 6.5 million property playing cards to 50,000 villages throughout 10 states and two UTs below the Svamitva scheme on Saturday, to offer data of rights to property homeowners in inhabited rural areas utilizing drone and GIS expertise, mentioned union panchayati raj (PR) secretary Vivek Agarwal.

The Svamitva scheme, launched by Modi in April 2020, is geared toward creating data of rights (RoR) in income paperwork for inhabited areas (versus agricultural land) in villages. The scheme has accomplished drone surveys in 317,000 villages and created 22.4 million property playing cards.

On the nationwide degree, a complete of 346,187 villages have been notified below the scheme and property playing cards have been ready for 153,726 villages.

The parliamentary standing committee on rural improvement and panchayati raj lately raised issues over the implementation of drone-based mapping of land parcels in rural areas.

The scheme covers facets like facilitating monetization of properties and enabling financial institution loans, lowering property-related disputes, and complete village-level planning, which would be the stepping-stone in the direction of making rural India self-reliant.

Banks at the moment are recognizing Svamitva property playing cards as legitimate collateral for asset monetization and mortgaging the property. This permits property homeowners to safe loans and leverage their land for monetary help and improvement.

The panchayati raj ministry is planning to showcase the success of the Svamitva scheme globally. For this, the ministry in collaboration with the exterior affairs ministry will host a global workshop on land governance in India with participation of 40 representatives from 20 international locations throughout southeast Asia, Africa and Latin America in March, Agarwal mentioned.

The secretary mentioned that the ministry is planning to take part within the World Financial institution Land Governance convention in Washington in Might to spotlight India’s achievements and encourage worldwide adoption of the Svamitva mannequin.

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