What you get
- Under this scheme, the Council provides loan assistance through the respective State Waqf Boards for the construction of economically and commercially viable buildings on Waqf land, such as commercial arcades, marriage halls, hospitals, cold storage facilities, etc. | - As a special case, Grant-in-aid shall be granted to State Waqf Boards/waqf Institutions with the prior approval of the Ministry for social development projects on waqf land. | - Maximum interest free loan payable will be ₹2.00 crore or 75% of the estimated cost of the project (excluding the value of the land), whichever is less.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the primary objective of scheme?
The scheme aims to protect vacant waqf land from encroachers and develop economically viable projects on these properties to generate more income and expand welfare activities.
Who implements the scheme?
The Central Waqf Council (CWC) is the implementing agency for this scheme.
What types of projects are eligible for interest-free loans under scheme?
Projects involving the construction or reconstruction of economically viable buildings on waqf lands, such as commercial complexes, marriage halls, hospitals, and cold storage facilities, are eligible.
Who can apply for the interest-free loan?
All Waqf Boards (WBs) and registered waqf institutions that are in full possession of the property to be developed and are not insolvent are eligible to apply.
Is there a geographical limitation for the projects?
Yes, the waqf property to be developed must be situated in an urban area.
What is considered an 'urban area' under SWSVY?
An urban area is defined as any area within the jurisdiction of a municipality, municipal corporation, notified area committee, town area committee, town committee, or any area within 8 kilometers from such jurisdictions, as specified by the government.
What is the maximum loan amount available under scheme?
The maximum interest-free loan provided is ₹2.00 crore or 75% of the estimated project cost (excluding the value of the land), whichever is less.
Are there any provisions for grants-in-aid under the scheme?
Yes, as a special case, grants-in-aid may be provided to State Waqf Boards or waqf institutions for social development projects on waqf land, with prior approval from the Ministry.
How can an agency apply for a loan?
The agency must apply to the concerned Waqf Board using the prescribed application form, providing all necessary details and supporting documents.
Where can one obtain the application form?
The application form can be downloaded from the official website of the Central Waqf Council or obtained from the relevant Waqf Board office. https://centralwaqfcouncil.gov.in/content/forms
To whom should the completed application be submitted?
Completed applications should be submitted to: | To, | The Secretary, | Central Waqf Council, | Central Waqf Bhawan, | P-13 & 14, Sector-6, Pushp Vihar, | Opposite Family Court, Saket, | New Delhi – 110017.
Are there any penalties for defaulting on loan repayment?
Yes, failure to repay the loan as per the agreed terms may result in penalties, including legal action as deemed appropriate by the Central Waqf Council.