Tool/Equipment Purchase Subsidy Scheme (MPBOCWWB)

About This Scheme

Launched on 1st January 2018, the "Tool/Equipment Purchase Subsidy Scheme" offers financial assistance to construction workers registered under the M.P. Building and Other Construction Workers Welfare Board, helping them purchase tools and equipment related to their work. To be eligible, workers must possess a valid identity card from the Mandal, and they can receive a subsidy of up to 10% of the loan taken for the tool kit, or ₹5,000, whichever is less, within 3 months of the equipment purchase date.

Eligibility

For Registration as a Building/ Construction Worker: 1. The applicant should be a resident of Madhya Pradesh. 1. The applicant should be a Building/ Construction Worker. 1. The applicant should be between 18 and 60 years. 1. The applicant should have engaged in any building or other construction work for at least 90 days during the preceding 12 months. 1. The applicant should be registration is renewed annually. For the Application of the Welfare Scheme: 1. The applicant should be registered Under the Building and Other Construction Workers Welfare Board of Madhya Pradesh. 1. The worker should possess a valid identity card issued by the Mandal. 1. The worker should be up to 60 years of age. 1. The subsidy should be available once in a lifetime for the worker.

Benefits

The benefit is 10% of the loan or ₹5,000, whichever is lower.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.