What you get
The benefit is 10% of the loan or ₹5,000, whichever is lower.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the amount of the subsidy?
The subsidy is 10% of the loan amount or [?]5,000, whichever is less.
Who is eligible for the subsidy?
Construction workers registered under the M.P. Building and Other Construction Workers Welfare Board with a valid identity card.
What is the age limit for eligibility?
The worker should be up to 60 years of age.
How many times can a worker avail of the subsidy?
The subsidy can be availed once in a lifetime.
When can the subsidy be claimed?
The subsidy can be claimed within 3 months of purchasing the equipment.
Do I need to provide any documents?
Yes, a valid identity card issued by the Mandal is required.
Can the subsidy be used for any tool or equipment?
The subsidy is available for tools and equipment related to the worker's construction work.
Is there a deadline for applying for the subsidy?
Yes, applications must be made within 3 months of purchasing the equipment.
Can I apply for the subsidy if I’m self-employed?
Yes, as long as you are a registered construction worker with a valid identity card.
Do I need to repay the subsidy?
No, the subsidy is a one-time financial assistance and does not require repayment.