InvestorQ : What is the purpose of launching distribution property cards under SVAMITVA by Prime minister Narendra Modi?
Tanu Shukla made post

What is the purpose of launching distribution property cards under SVAMITVA by Prime minister Narendra Modi?

Answer
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krithika Saxena answered.
1 week ago


A property card basically provides information about the ownership of a property and the history of holdings of land located in an urban area.

The government hopes this move will pave the way for using the property as a financial asset by villagers for taking loans and other financial benefits. This is also the first time that such a large-scale exercise involving modern technology is being carried out to benefit millions of rural property owners.

The launch will enable around one lakh property holders to download their Property Cards through SMS link delivered on their mobile phones.

This would be followed by the physical distribution of the Property Cards by the respective State governments.