Context: The Government has distributed around 1.25 crore property cards under the SVAMITVA Scheme in the country.
SVAMITVA Scheme
oTo bring financial stability to the citizens in rural India by enabling them to use their property as a financial asset for taking loans and other financial benefits.
oGranting property rights through an official document will empower villagers to leverage their property as collateral, facilitating access to bank finance.
oProperty records for the village will be systematically maintained at the Panchayat level, streamlining the collection of associated taxes from property owners.