Assistance for Purchase of House (HBOCWWB)

Details

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The scheme “Assistance for Purchase of House” is implemented by the Haryana Building and Other Construction Workers Welfare Board (HBOCWWB), Labour Department, Government of Haryana. Under this scheme, interest free loan is provided to registered construction workers, who have minimum five year’s regular membership, for purchase or construction of their houses. This facility is available once in lifetime.

Benefits

  1. Under this scheme, an interest-free loan of up to ₹2,00,000/- is provided to registered construction workers for the purchase or construction of their houses.

Note: The Board will provide financial assistance in the shape of interest compensation upto ₹1,00,000/- through banks to the construction workers, who are beneficiaries of Pradhan Mantri Awaas Yojana for the construction of a house.

Eligibility

  1. The applicant should be registered under the Haryana Building & Other Construction Workers Welfare Board.
  2. The registered worker should have regular membership for at least 5 years and 8 years are left to attain the age of 60 years.
  3. The maximum age of the worker should be 52 years. So that he/she can repay the loan in the next 8 years.
  4. This facility will be available once in a lifetime.
  5. The application frequency is limited to once.