Back to Schemes
Housing & Shelter

Scheme For Loan And Advances to the Beneficiary For Construction Of House

The Scheme for Loan and Advances to the Beneficiary for Construction of House was launched by the Tripura Building and Other Construction Workers Welfare Board, under the Labour Department of Tripura.

Authority

State/ UT

Region

Tripura

Status

Verified 2026

Updated

March 2026

What you get

- Credit-linked interest subsidy at 6.5% for eligible loans. | - Loan amount up to ₹6 lakh, repayable over a maximum period of 20 years. | Note: Direct subsidy credited to the loan account to reduce financial burden.

Who can apply

The worker should be a registered active BOC worker under the Tripura Building and Other Construction Workers Welfare Board.; The worker must be a registered construction worker for at least 5 years.; The worker should have a minimum of 20 years before retirement.; The registered construction worker must not hold any pucca house in any part of the country.; The registered construction workers should have a minimum land area (30 Square meters) as per their income status for the construction of Houses.; The beneficiary family should not have availed of any central assistance under any housing scheme from the central/ state Government.; The worker's annual income should not exceed ₹3,00,000/-.; The worker should belong to the economically weaker section (EWS) category.

Required Paperwork

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

Common Questions

What is the purpose of the scheme?

To offer interest-subsidized loans for registered construction workers to build homes.

What subsidy is offered under this scheme?

A 6.5% interest subsidy on loans up to [?]6,00,000/-.

Who is eligible for the scheme?

Registered BOC workers with no other house, an income below [?]3,00,000, and a minimum 5-year registration.

What is the loan tenure under the scheme?

Loans can be repaid over a period of up to 20 years.

Can the loan be used to purchase an existing house?

No, the loan is intended for new construction.

Is the interest subsidy available on the entire loan amount?

Yes, the subsidy applies to loans up to [?]6,00,000/-.

What documentation is required to apply?

Proof of registration, income, land ownership, and no prior assistance are needed.

Who approves the loan application?

The TBOCWW Board reviews applications and partners with banks for loan processing.

What is the role of the bank in this scheme?

The bank processes the loan and applies the interest subsidy on approved loans.

Can non-residents of Tripura apply for this scheme?

No, only registered BOC workers in Tripura are eligible.

How can I apply for this scheme?

Submit your application through the TBOCWW Board or authorized officer.

Will the subsidy be credited upfront?

Yes, it's credited directly to the loan account upon approval.

What happens if my loan application is rejected?

The Board may provide an opportunity to reapply or appeal.

Are there any income restrictions for applicants?

Yes, only those with annual incomes under [?]3,00,000/- qualify.

How will I know the status of my application?

The tied-up bank or TBOCWW Board will inform applicants of their application status.