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Skills & Employment; Banking,Financial Services and Insurance

Loans for Tools (MBOCWWB)

Under the scheme, a one-time grant will be granted to all members of the fund for the purchase of tools subject to the conditions.

Authority

State/ UT

Region

Meghalaya

Status

Verified 2026

Updated

March 2026

What you get

- Under this scheme, registered building and construction workers will receive a one-time grant of up to ₹10,000/- for the purchase of tools.

Who can apply

The beneficiary should be a resident of Meghalaya.; The beneficiary should be engaged in any building or other construction work.; The beneficiary should be registered under the Meghalaya Building & Other Construction Workers Welfare Board.; The beneficiary who has completed 3 years of membership in the fund will be eligible for this loan.; The beneficiary who remits contributions regularly will be eligible for this loan.; The beneficiary should have completed 55 years.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

Who is eligible for the Loans for Tools scheme?

The registered building and construction workers who have completed 3 years of membership in the fund and those who remit contributions regularly will be eligible for this loan.

What is the maximum grant amount under this scheme?

Beneficiaries can receive a one-time grant of up to [?]10,000/- for the purchase of tools.

Is there an age requirement for eligibility?

Yes, beneficiaries should have completed 55 years of age to be eligible for this loan.

How is the grant amount sanctioned?

The grant is sanctioned upon the production of a valid cash memo or voucher from an authorized dealer. The tools must be presented before an official of the Board for inspection and photograph.

Is there any identification mark placed on the tools?

Yes, the Board embosses a mark (logo or serial number) onto the tool after production and inspection. Tools marked in this way cannot be used for subsequent claims.

Can the beneficiary sell the tools purchased under this scheme?

No, beneficiaries are prohibited from selling the tools purchased under this scheme and are not entitled to a second grant.

How is the loan amount recovered?

The loan amount shall be recovered in not more than sixty installments.

Can a beneficiary apply for multiple grants under this scheme?

No, each beneficiary is entitled to only one grant under this scheme.

How to apply for scheme?

Applications can be made online at http://megbocwwb.gov.in/bocw_services

Can the application be tracked?

Yes, applications can be tracked from the Dashboard after logging into http://megbocwwb.gov.in/bocw_services