Prime Minister Narendra Modi during the launch event of the physical distribution of Property Cards under SVAMITVA scheme, through video conferencing in New Delhi on Sunday. (ANI)
NEW DELHI :
Having property ownership rights big step towards making country ‘aatmanirbhar’: PM
PRIME Minister Narendra Modi on Sunday launched the physical distribution of property cards under the ‘SVAMITVA’ (ownership) scheme via video conferencing, and asserted that it is a “historic move” that will transform rural India. This will pave the way for villagers to use property as a financial asset for taking loans and other financial benefits, and end disputes among villagers over land ownership, he said. On the occasion, Modi also interacted with several beneficiaries of the Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and said it is big step for the country towards becoming ‘aatmanirbhar’ (self-reliant).
“Experts across the world have stressed that property ownership rights play a big role in a country’s development,” he said to highlight the significance of the measure and noted that only one-third population globally has legal record of the properties they own. The youth living in villages now can avail of bank loans against their properties to start out on their own, he said, asserting it is necessary for a developing country like India to have clear land ownership rights.
Property rights will give the youth self-confidence that can lead to their self-reliance, he said. The beneficiaries are from 763 villages across six States, including 346 from Uttar Pradesh, 221 from Haryana, 100 from Maharashtra, 44 from Madhya Pradesh, 50 from Uttarakhand and two from Karnataka. Modi said his Government will try to give every household similar property cards over the next three-four years.
The PMO has said the launch will enable around one lakh property holders to download their property cards through an SMS link sent on their mobile phones, and this would be followed by the physical distribution of property cards by respective State Governments. He added that a major campaign to connect every village in the country with the optical fiber connection is also going on at a fast pace.