Untapping Economic Potential of Rural India through SVAMITVA Property Cards
- The SVAMITVA Scheme was launched by Prime Minister Narendra Modi on National Panchayati Raj Day, 24th April 2020.
- The scheme aims to provide “Record of Rights” to rural household owners in inhabited areas (Abadi land).
- It was conceptualized to issue property cards backed by state revenue or Panchayati Raj Acts.
- Property cards serve as formal documentation of land ownership, a key to financial inclusion and rural development.
- Abadi areas had long lacked scientific surveys and accurate records, leading to presumptive ownership and disputes.
- Lack of clear titles prevented rural residents from accessing institutional credit that requires collateral.
- Land, being a widely acceptable form of collateral, becomes ....
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