{
  "id": 8048545,
  "title": "How Uttarakhand construction workers can avail Rs 50,000 house loan",
  "url": "https://urgent.news/2026/09/17/how-uttarakhand-construction-workers-can-avail-rs-50-000-house-loan",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T14:45:45.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/how-uttarakhand-construction-workers-can-avail-rs-50000-house-loan-with-minimal-interest-rate/articleshow/134315152.cms"
  },
  "original_language": "en",
  "account": "In Uttarakhand, construction workers seeking to buy or build a home face financial hurdles. To aid these workers, the Uttarakhand government provides a loan scheme through the Uttarakhand building and other construction workers welfare board (UKBOCWWB), under the Labour Department. Eligible registered construction workers can apply for an advance loan of up to Rs 50,000 for their home purchase or construction project. The loan carries a minimum interest rate of 5 percent per annum.\n\nTo qualify, applicants must be registered construction workers with the UKBOCWWB, have contributed to the fund for at least five years, and have at least 15 years left until retirement or superannuation. The application requires a Shramik Card, Aadhaar Card, bank account details, and a handwritten self-declaration that no other department has provided assistance for the same purpose.\n\nThe loan application process is completed online through shramik suvidha kendras. After submission, the application undergoes departmental verification and investigation. If approved, the advance amount is disbursed. The worker must pay interest on the advance amount annually. Once the construction work is completed, proof must be submitted to the Board secretary within six months. The sanctioned amount is then repaid in equal installments as determined by the Board.",
  "summary": "Uttarakhand offers registered construction workers a housing loan at a minimal interest rate. Eligible workers can receive up to Rs 50,000 for house purchase or construction. Applicants need five years of fund membership and fifteen years until retirement. The application process is online, followed by departmental verification and investigation. Approved advances are disbursed and recovered in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}