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.
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.
The “Home Loan Interest Subsidy Scheme” was launched by the Gujarat Labour Welfare Board, Labour, Skill Development & Employment Department, Government of Gujarat. 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.
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.
Step 1: Online — Step 01
The applicant may visit the Sanman Portal: https://sanman.gujarat.gov.in/
Step 2: Online — Step 02
On the home page, under the tab ‘Citizen Login’, click on ‘Please Register Here’.
Step 3: Online — Step 03
Enter your Aadhaar Card Number, select user type, and then enter your Labour Welfare Fund Account Number.
Step 4: Online — Step 04
Now, click on ‘Fetch’ & verify the details.
Step 5: Online — Step 05
Enter user details and Password.
Step 6: Online — Step 06
After successful registration, the applicants can login through their User ID and Password.
Step 7: Online — Step 07
Now, select the scheme and read the instructions carefully for the selected scheme.
Step 8: Online — Step 08
Fill out the application form and upload all the relevant documents.
Step 9: Online — 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.
The scheme was launched by the Gujarat Labour Welfare Board, under the Labour, Skill Development & Employment Department, Government of Gujarat.
The scheme offers a 3% Interest Subsidy to eligible workers.
A worker can avail a maximum loan of [?]15 lakhs or the interest subsidy of 3%, whichever is less, considering the actual bank interest on the loan taken.
The assistance amount is credited directly to the beneficiary's bank account through Direct Benefit Transfer (DBT).
Workers employed in the organized sector in Gujarat are eligible for the scheme.
Workers must have been continuously employed with the Factory/Company/Organization for at least one year.
The purchase price of the house should not exceed [?]30 lakhs to be eligible for the scheme.
The loan tenure should be 15 years or more.
Home loans should be obtained from Nationalized/Scheduled Bank/NBFC only.
Yes, applications must be submitted within one year from the date of the purchase document.
Applicants can visit the Sanman Portal at https://sanman.gujarat.gov.in/ to apply for the scheme benefits.
No, only workers employed in the organized sector in Gujarat are eligible for the scheme benefits.
Applications are accepted only on the official government portal.
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