New NABARD Workshop - Last 4 year trend. March 5 at 5 PM. Register here

    Question

    What is the primary benefit of the property card issued

    under the SVAMITVA scheme?
    A It serves as proof of residence for availing government subsidies Correct Answer Incorrect Answer
    B It acts as collateral for securing loans from financial institutions Correct Answer Incorrect Answer
    C It allows the holder to participate in village governance elections Correct Answer Incorrect Answer
    D It provides a legal document to apply for housing construction permits Correct Answer Incorrect Answer
    E It allows the government to monitor rural housing structures for compliance Correct Answer Incorrect Answer

    Solution

    The property card acts as a legal document that can be used as collateral to secure loans from financial institutions.

    Practice Next