What you get
- The scheme offers a 3% Interest Subsidy to workers employed in the organized sector for purchasing their own house. | Note 01: The maximum loan on a house purchased by a worker is ₹15 lakhs or an interest subsidy of 3% taking into account the bank interest on the loan actually taken, whichever is less. | Note 02: The assistance amount will be credited to the beneficiary's bank account through DBT.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who launched the "Home Loan Interest Subsidy Scheme"?
The scheme was launched by the Gujarat Labour Welfare Board, under the Labour, Skill Development & Employment Department, Government of Gujarat.
What is the percentage of Interest Subsidy provided under the scheme?
The scheme offers a 3% Interest Subsidy to eligible workers.
What are the maximum loan limitations under the scheme?
A worker can avail a maximum loan of [?]15 lakhs or the interest subsidy of 3%, whichever is less, considering the actual bank interest on the loan taken.
How is the assistance amount disbursed to beneficiaries?
The assistance amount is credited directly to the beneficiary's bank account through Direct Benefit Transfer (DBT).
Who is eligible to benefit from the scheme?
Workers employed in the organized sector in Gujarat are eligible for the scheme.
What are the criteria for continuous employment under the scheme?
Workers must have been continuously employed with the Factory/Company/Organization for at least one year.
What is the maximum purchase price of a house eligible under the scheme?
The purchase price of the house should not exceed [?]30 lakhs to be eligible for the scheme.
What is the minimum tenure for a home loan under the scheme?
The loan tenure should be 15 years or more.
From which financial institutions can a home loan be availed under the scheme?
Home loans should be obtained from Nationalized/Scheduled Bank/NBFC only.
Is there a deadline for applying for the scheme?
Yes, applications must be submitted within one year from the date of the purchase document.
How can one apply for the benefits of the Scheme?
Applicants can visit the Sanman Portal at https://sanman.gujarat.gov.in/ to apply for the scheme benefits.
Can workers from any sector apply for the scheme?
No, only workers employed in the organized sector in Gujarat are eligible for the scheme benefits.