Home Ownership: A Step Towards Self Reliant India
In Oct 2020, the Prime Minister of India, Narendra Modi launched the distribution of property cards under the SVAMITVA scheme. He emphasized the fact that the scheme was a historic move that would lead to a complete transformation of rural India. The launch was made via video conferencing and described how it would make way for the rural population to make use of their property as a financial asset for reaping benefits and taking loans. This would also result in an end to quarrels and disputes among the villagers over land ownership issues. The scheme would provide the people with legal documents stating the ownership. With this proof, the citizen will gain confidence and have the confidence to explore new avenues of investment. It will also provide easier access to bank loans for employment. With homeownership, there would also be a more systematic and better implementation of development programs in the villages. The concept of start-ups in the cities and businesses in the villages h...