Current Affair Diary 11/10/2020

SVAMITVA scheme

✓Indian Prime Minister will launch the physical distribution of Property Cards under the SVAMITVA Scheme to transform rural India.

✓Aim: To provide the record of rights to village household owners in rural areas and issue Property Cards.

✓It is being implemented across India in a phased manner over a period of four years.

✓It will cover around 6.62 lakh villages

✓The launch will enable around 1 lakh property holders to download their Property Cards through the SMS link delivered on their mobile phones.

✓This would be followed by physical distribution of the Property Cards by the respective State governments.

✓The move will pave the way for using property as a financial asset by villagers for taking loans and other financial benefits.

#GALLANT IAS

29/10/2020
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