Loan for the Purchase of Work Tool for the Construction Workers

Details

The “Loan for the Purchase of Work Tool for the Construction Workers” by the Delhi Building and Other Construction Workers Welfare Board, Labour Department, Delhi, is a welfare scheme for the registered workers of the board. Through this scheme, an amount not exceeding ₹20,000/- may be sanctioned as loan to the members of the fund, for the purchase of work related tools.

Benefits

• An amount not exceeding ₹20,000/- may be sanctioned as loan to the members of the fund, for the purchase of work related tools.

Note: The loan amount shall be recovered in not more than sixty installments.

Eligibility

For Registration:

• The applicant should be a resident of Delhi.
• The applicant should be a Building/Construction Worker.
• The applicant should be between 18 and 65 years.
• The applicant should have served the Board for at least 90 days in a given year.

For application:

• The applicant should be registered under the Delhi Building and Other Construction Workers Welfare Board for not less than one year.
• The applicant should remit their contribution regularly.
• The applicant should not exceed 55 years of age.