SVAMITVA (Property Cards): A boon for Rural Households — Law Insider

  1. Financial Aspect- A lot of rural households need loans and other financial help while they think of getting materials for next harvest, and it is at this time that they are most vulnerable to all these shrewd moneylenders who charge them high interest rates so that they are never able to repay it and the loan keeps on mounting. Now if they have proper titles to their property, then they can go to banks and receive loans at a much lower rate and without harsh conditions.
  2. Tax benefits- Now with specified card and proper documents, recognition of properties will be easy, which in turn increases the ease to determine how much of tax may be levied on the property and this tax will be collected for the benefit of the gram panchayat.
  3. More liquidity in the market- Now dealing with land parcels will be easy plus there will be exponential growth in credit that will be available to land owners.
  4. Land Dispute- If proper maps and data is available with the Panchayats that a lot of disputes like private illegal encroachments, various construction permits that are required for works like MNAREGA and taxation will be easy to resolve.
  5. Planning for villages- With advanced form of maps the panchayat who are formed for 5 years and who are responsible for development of these areas for the said timeline can work in a better way.
  6. Removal of Middlemen- With the implementation of this scheme, middleman and their role will be reduced. They are the biggest hazard when we think of development and they increase corrupt activities in the panchayat.

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