+
Svamitva Property Cards: Rural Assets for Loans & Benefits
Real Estate

Svamitva Property Cards: Rural Assets for Loans & Benefits

The Svamitva cards, which establish an individual's ownership of rural property through the Survey of Villages and Mapping with Improvised Technology in Village Areas (Svamitva) initiative, have the potential to be utilized as valuable financial assets for obtaining loans and various benefits.

This potential use was deliberated upon during a meeting organized by the Bankers Institute of Rural Development in Lucknow. The discussion revolved around whether the Svamitva cards should be accepted by states and Union Territories as a means of offering financial security to rural residents. The meeting witnessed insights from experts and practitioners, including officials from state-level bankers committees, state governments, registration departments, banks, and the Reserve Bank of India. The meeting was chaired by Joint Secretary of Panchayati Raj, Alok Prem Nagar, and attended by Deputy Secretary Arun Mishra.

The deliberations aimed to emphasize the significance of property cards as conclusive evidence of ownership, the potential for transferring ownership, valuation of inhabited land, the feasibility of using the cards as collateral for bank financing, and the requirements for registration.

An official mentioned that the discussions primarily focused on registration provisions for property cards. The panelists comprised representatives from banks such as Indian Bank, Canara Bank, ICICI Bank, State Bank of India, Bank of India, Punjab National Bank, Union Bank, as well as regional banks like Pratham UP Gramin Bank, UP State Cooperative Bank, and Baroda UP Gramin Bank.

Additional participants included Commissioner Survey of Karnataka, Manjunathan; Commissioners of Revenue of Karnataka, PS Kumar; Commissioner of SSLR, Gujarat, MA Pandya; Joint Commissioners of Land Records, MP, Akhilesh Jain; and Commissioner of Revenue, Uttarakhand, Chandresh Kumar.

The Svamitva cards, which establish an individual's ownership of rural property through the Survey of Villages and Mapping with Improvised Technology in Village Areas (Svamitva) initiative, have the potential to be utilized as valuable financial assets for obtaining loans and various benefits.This potential use was deliberated upon during a meeting organized by the Bankers Institute of Rural Development in Lucknow. The discussion revolved around whether the Svamitva cards should be accepted by states and Union Territories as a means of offering financial security to rural residents. The meeting witnessed insights from experts and practitioners, including officials from state-level bankers committees, state governments, registration departments, banks, and the Reserve Bank of India. The meeting was chaired by Joint Secretary of Panchayati Raj, Alok Prem Nagar, and attended by Deputy Secretary Arun Mishra.The deliberations aimed to emphasize the significance of property cards as conclusive evidence of ownership, the potential for transferring ownership, valuation of inhabited land, the feasibility of using the cards as collateral for bank financing, and the requirements for registration.An official mentioned that the discussions primarily focused on registration provisions for property cards. The panelists comprised representatives from banks such as Indian Bank, Canara Bank, ICICI Bank, State Bank of India, Bank of India, Punjab National Bank, Union Bank, as well as regional banks like Pratham UP Gramin Bank, UP State Cooperative Bank, and Baroda UP Gramin Bank.Additional participants included Commissioner Survey of Karnataka, Manjunathan; Commissioners of Revenue of Karnataka, PS Kumar; Commissioner of SSLR, Gujarat, MA Pandya; Joint Commissioners of Land Records, MP, Akhilesh Jain; and Commissioner of Revenue, Uttarakhand, Chandresh Kumar.

Next Story
Real Estate

Royal Orchid to Open Regenta Place Baddi in September 2025

Royal Orchid Hotels Ltd. (ROHL), continuing its expansion in North India, has signed a new 43-room Regenta Place property in Baddi, Himachal Pradesh. Scheduled to open in September 2025, the resort aligns with ROHL’s strategy of entering high-potential but underserved destinations, offering premium hospitality beyond metro cities.The development, undertaken in collaboration with Mr Sarvan Kumar, Director of The Golden Castle, will operate under a management agreement and follows ROHL’s asset-light approach.Situated in the scenic Shivalik Hills, within a major pharmaceutical and industrial ..

Next Story
Technology

Anant Raj Expands Data Centre Capacity to 28 MW

Anant Raj Limited, a leading real estate and infrastructure firm based in the National Capital Region (NCR), has operationalised an additional 22 MW of IT load capacity at its data centre campuses in Manesar and Panchkula, Haryana. This brings the company’s total operational data centre capacity—including cloud services—to 28 MW.The expansion signals a major step forward in Anant Raj’s digital infrastructure ambitions. The company expects revenue from its data centre and cloud services segment to grow to approximately Rs 12 billion by FY27, and scale up to nearly Rs 90 billion by FY32,..

Next Story
Infrastructure Urban

Govt Tightens EV Battery Safety and Launches PM E-DRIVE

The Government of India has introduced several measures to enhance electric vehicle (EV) safety standards, address battery fire concerns, and support the widespread adoption of clean mobility. These include rigorous testing protocols, enhanced technical regulations, and targeted financial incentives for EV adoption.The Ministry of Road Transport and Highways (MoRTH), through multiple notifications, has mandated Construction and Functional Safety requirements for electric powertrain vehicles under AIS-038 (Rev. 1)/2015. Updates notified via S.O. 4567(E) on 28 September 2022 introduced revised A..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?