With reference to SVAMITVA Scheme, consider the following statements:

1. It is launched by the Ministry of Housing and Urban Affairs.
2. It is a centrally sponsored scheme.
3. It aims to allow citizens to use their property as a financial asset for taking loans and other financial benefits.

Which of the statements given above is/are correct?

Question

With reference to SVAMITVA Scheme, consider the following statements:

1. It is launched by the Ministry of Housing and Urban Affairs.

2. It is a centrally sponsored scheme.

3. It aims to allow citizens to use their property as a financial asset for taking loans and other financial benefits.

Which of the statements given above is/are correct?

Quintessence Classes · Accepted Answer

The correct answer is 3 only. Statement 1 is Incorrect:The SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme is launched by the Ministry of Panchayati Raj. It is not a Ministry of Housing and Urban Affairs initiative, as its primary focus is on rural "Abadi" (inhabited) areas.Statement 2 is Incorrect:SVAMITVA is a Central Sector Scheme, not a Centrally Sponsored Scheme. This means it is 100% funded by the Central Government.Statement 3 is Correct:One of the core objectives of the scheme is to provide "Property Cards" (also known as Gharauni in some states) to village household owners. This provides legal ownership rights, which in turn allows rural citizens to use their property as a financial asset (collateral) to secure loans from banks and access other financial benefits.

Answer

1 and 2 only

Answer

2 only

Answer

2 and 3 only

Answer & Explanation

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JKPSC JKAS 2022 Prelims

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