Benefits of SVAMITVA Scheme
- Villagers will be able to get bank financing by utilising their property as security once their property rights are delivered through an official document.
- A village’s property records will also be kept up to date at the Panchayat level, enabling the collection of related taxes from the owners. Building rural infrastructure and facilities will be funded by the revenue from these local taxes.
- The market value of the residential properties, including the land, is likely to increase after title problems are resolved and an official record is created.
- Accurate property records can be used to speed up tax collection, the approval of new building and structural plans, the issuance of building permits, and the prevention of attempts to seize property.
Svamitva Yojana
A central government project called SVAMITVA, which stands for Survey of Villages and Mapping with Improvised Technology in Village Areas, aims to provide rural India with an integrated property validation solution. For the first time ever, a massive exercise employing the most cutting-edge drone technology is being conducted to the advantage of millions of rural property owners in every town across the nation. On April 24, 2020—National Panchayat Day—it was introduced.