Svamitva Scheme
26-12-2024
06:30 PM
1 min read
Overview:
The Prime Minister of India will distribute over 50 lakh property cards under SVAMITVA Scheme on 27th December.
About SVAMITVA Scheme:
- The Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) is a central sector scheme launched in 2020.
- It was launched with a vision to enhance the economic progress of rural India by providing ‘Record of Rights’ to households possessing houses in inhabited areas in villages through the latest surveying drone technology.
- The scheme seeks to achieve the following objectives
- To bring financial stability to the citizens in rural India by enabling them to use their property as a financial asset for taking loans and other financial benefits.
- Creation of accurate land records for rural planning.
- Determination of property tax, which would accrue to the GPs directly in States where it is devolved or else, add to the State exchequer.
- Creation of survey infrastructure and GIS maps that can be leveraged by any department for their use.
- To support the preparation of a better-quality Gram Panchayat Development Plan (GPDP) by making use of GIS maps.
- To reduce property related disputes and legal cases.
- Nodal Ministry: The Ministry of Panchayati Raj (MoPR) is the Nodal Ministry for implementation of the scheme.
Q1: What is Property tax?
It means the annual sum of money that a landowner/property owner must pay to the local government or the municipal corporation of his/her area.
Source: PIB