Interest Free Loan (CBOCWWB)
The Interest Free Loan scheme in Chandigarh offers financial assistance to registered construction workers for purchasing specific items.
Key facts
| Benefit | Interest free loan of ₹25,000 |
|---|---|
| Who | Registered construction workers in Chandigarh |
| How paid | Recovered from salary in equal installments |
| Implemented by | Chandigarh Building and Other Construction Workers Welfare Board |
| Official portal | http://labour.chd.gov.in |
| Application window | Open all year for registered construction workers. |
Benefits
Beneficiaries can receive a one-time interest-free loan of up to ₹25,000 for purchasing items such as motorcycles, refrigerators, and televisions. The loan is to be repaid in equal monthly installments.
Who can apply
- For: construction worker
- Resident of Chandigarh
- not income tax payer
- no government employee in family
- poor household
This scheme is available to registered construction workers residing in Chandigarh who are not income tax payers, do not have any government employees in their family, and belong to poor households. Applicants must have been members of the Chandigarh Building and Other Construction Workers Welfare Board for at least six months.
Who is not eligible
- Income tax payers
- Government employees in family
- Defaulters of earlier loans
How to apply
Interested applicants can apply online through the official website of the Labour Department of Chandigarh.
- Visit the Labour Department Chandigarh website at http://labour.chd.gov.in/
- Select the 'INTEREST FREE LOAN' scheme under the Grant of Welfare Schemes section.
- Click on 'Click here to Apply/Register' at the bottom of the page.
- If not registered, complete the registration process by filling in the required details.
- Log in using your User ID and Password to access the application page.
- Fill in the application form with personal and workplace details, and select the Interest Free Loan scheme.
- Upload all necessary documents and submit the application.
- Print the acknowledgment receipt for future reference.
Documents required
- Passport size photograph
- Filled-in/signed form of CBOCW Board
- A copy of Aadhaar Card of applicant
- BOCW Card, if any
- Copy of Aadhaar Card of nominee
- Bank details
- Receipt of payment file
- Any other relevant documents
Common problems and how to fix them
| Problem | What to do |
|---|---|
| Application rejected | Ensure all mandatory documents are attached and correctly filled before resubmitting the application. |
| Loan not received | Check with the employer to confirm that the loan amount is being deducted from salary and deposited to the Board. |
Frequently asked questions
Who is eligible to apply for the loan?
Eligibility is limited to registered construction workers in Chandigarh who are not income tax payers and do not have government employees in their family.
What items can the loan be used to purchase?
The loan can be used for purchasing specific items such as motorcycles, refrigerators, televisions, coolers, fans, and bicycles.
What documents are required for the application?
Applicants need to provide a passport-size photograph, Aadhaar card, BOCW card (if applicable), bank details, and other relevant documents.
How is the loan amount repaid?
The loan is repaid in equal monthly installments, which are deducted from the worker's salary by the employer.
Can I apply for more than one item at a time?
No, the loan can only be applied for one item at a time.
What happens if I have defaulted on a previous loan?
Individuals who have defaulted on earlier loans are not eligible to receive a new loan under this scheme.
Always confirm the latest details on the official portal before applying.
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