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Home Loan Interest Subsidy Scheme- Gujarat Labour Welfare Board

Under the scheme, a 3% Interest Subsidy is provided to workers who are employed in the organized sector to buy their own house and get relief from interest deductions on loans taken from banks.

Ministry / Department
Labour and Employment Department
Level
State
Benefit type
cash
Last verified: Recently

What is Home Loan Interest Subsidy Scheme- Gujarat Labour Welfare Board?

Under the scheme, a 3% Interest Subsidy is provided to workers who are employed in the organized sector to buy their own house and get relief from interest deductions on loans taken from banks.

Benefit
1. The scheme offers a 3% Interest Subsidy to workers employed in the organized sector for purchasing their own house. **Note 01:** The maximum loan on a house purchased by a worker is ₹15 lakhs or an interest subsidy of 3% taking into account the bank interest on the loan actually taken, whichever is less. **Note 02:** The assistance amount will be credited to the beneficiary's bank account through DBT.
Level
State — Gujarat
Ministry / Dept.
Labour and Employment Department
Benefit type
cash
Key eligibility
1. The workers who are working in the organized sector in the state of Gujarat will be eligible to get the benefit of this scheme. 1. The workers should have been working continuously with the Factory/Company/Organization for one year and his/her Labour Welfare Fund should have been deposited in the
Last verified
Recently

Benefits

1. The scheme offers a 3% Interest Subsidy to workers employed in the organized sector for purchasing their own house. **Note 01:** The maximum loan on a house purchased by a worker is ₹15 lakhs or an interest subsidy of 3% taking into account the bank interest on the loan actually taken, whichever is less. **Note 02:** The assistance amount will be credited to the beneficiary's bank account through DBT.

Eligibility

1. The workers who are working in the organized sector in the state of Gujarat will be eligible to get the benefit of this scheme. 1. The workers should have been working continuously with the Factory/Company/Organization for one year and his/her Labour Welfare Fund should have been deposited in theArea: GujaratBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Application Process for Scheme Benefit: Step 01: The applicant may visit the Sanman Portal: https://sanman.gujarat.gov.in/ Step 02: On the home page, under the tab ‘Citizen Login’, click on ‘ Please Register Here ’. Step 03: Enter your Aadhaar Card Number, select user type, and then enter your Labour Welfare Fund Account Number. Step 04: Now, click on ‘Fetch’ & verify the details. Step 05: Enter user details and Password. Step 06: After successful registration, the applicants can login through their User ID and Password. Step 07: Now, select the scheme and read the instructions carefully for the selected scheme. Step 08: Fill out the application form and upload all the relevant documents. Step 09: Agree with the Rules & Regulations and submit the application form. A confirmation email with the application Number will be sent on the registered email ID.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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