📷 Image: Wikimedia Commons / Pulakit Singh
Sarkari Yojana
Uttarakhand offers construction workers Rs 50,000 low‑interest housing loan
✍️ timesofindia.indiatimes.com
🗓 18 Sep 2026, 03:46 AM
👁 9
The Uttarakhand government has launched a scheme allowing construction workers to obtain a housing loan of up to Rs 50,000 at a reduced interest rate.
The state government of Uttarakhand announced a new housing finance scheme aimed specifically at construction workers. Under the programme, eligible workers can apply for a loan of up to Rs 50,000 to build or purchase a home, with the interest rate set lower than market norms.
Eligibility is limited to individuals employed in the construction sector, and applicants must meet basic documentation requirements such as proof of employment and residence in the state. The loan amount is modest, reflecting the scheme’s focus on facilitating first‑time home ownership for low‑income laborers.
Interested workers can submit applications through designated government offices or partner banks, where the process is streamlined to reduce paperwork. Officials expect the initiative to improve housing security for a vulnerable segment of the workforce and to stimulate local construction activity.
The scheme is part of Uttarakhand’s broader effort to provide affordable financial products to underserved groups, aligning with national objectives of inclusive growth and housing for all.
Eligibility is limited to individuals employed in the construction sector, and applicants must meet basic documentation requirements such as proof of employment and residence in the state. The loan amount is modest, reflecting the scheme’s focus on facilitating first‑time home ownership for low‑income laborers.
Interested workers can submit applications through designated government offices or partner banks, where the process is streamlined to reduce paperwork. Officials expect the initiative to improve housing security for a vulnerable segment of the workforce and to stimulate local construction activity.
The scheme is part of Uttarakhand’s broader effort to provide affordable financial products to underserved groups, aligning with national objectives of inclusive growth and housing for all.