Mo Ghara’ Scheme:- Bhubaneswar: As Odisha Chief Minister Naveen Patnaik completed four years of his fifth term, the state Cabinet authorized the start of a new housing plan called “Mo Ghara” to give financial help to low and middle-income people in rural regions on Monday.
According to official sources, the scheme will cover all such families who were excluded from existing housing schemes due to stringent eligibility criteria or insufficient allocation, as well as those who received housing assistance in the past but now want to upgrade or expand their homes.
A recipient can obtain a house loan of up to Rs 3 lakh under the ‘MO GHARA’ (Government House Assistance in Rural Areas) Scheme, which can be repaid in 10 years, except for a one-year moratorium period, in simple payments. They can choose from four loan amounts: Rs 1 lakh, 1.5 lakh, 2 lakh, and 3 lakh.
The state government would shoulder the scheme’s expenditures of Rs 2150 crore for about 4 lakh beneficiaries during a two-year period.
Mo Ghara’ Criteria for Eligibility
This initiative will be available to the rural families listed below.
- If the family is dwelling in a kutcha home or a single pucca room with an RCC roof.
- If the household has never received any government housing help or has received assistance worth less than Rs.70,000/- in the past.
- If the family’s monthly income is less than Rs.25,000.
- If the household does not have a personal non-commercial motorized four-wheeler.
- If no one in the household is a regular Government / PSU employee or is receiving a monthly pension from the Government / PSU.
- If the family owns less than 5 acres of irrigated land or less than 15 acres of non-irrigated land.
- On completion of the house, the state government would disburse capital subsidies to the recipients’ loan accounts. Increased capital subsidies would be given to disadvantaged groups such as SC/ST and PWD-headed households. The subsidy rates determined by the State Cabinet today are as follows:
- The capital subsidy issued to the recipients’ loan accounts would result in a large reduction in EMI for payback, making repayment more affordable.
- Banks will not charge the recipient any processing fees for loan approval.
- To further alleviate the financial burden on the beneficiaries, the State Government has eliminated the registration cost and stamp taxes necessary for the mortgage of the title deed. The fees for obtaining certified copies of essential papers from Sub-Registrar offices, which are required by banks in order to process loan applications under this plan, would also be eliminated.
- The legal consultation price is also capped at Rs. 1000/-, which the State Government would pay to banks.
- Beneficiaries may also get assistance under appropriate rural sanitation, drinking water, and rural electricity initiatives if they are judged to be eligible and have not previously received assistance.
How may the scheme’s advantages be obtained by the beneficiaries?
The government is creating a dedicated web platform for online application submission, monitoring, and program implementation (https://rhodisha.gov.in/moghara).
Before submitting applications that will be authenticated using OTP, candidates must first register on this site. Applications will be accepted through this portal beginning on June 16, 2023.
The applicant may register on her/his own or through the services of Mo-Seva Kendra.
During the application process, the applicant must provide information as well as papers such as a passport-sized photo and an Aadhaar card, as well as a KYC document (Voter ID, PAN Card, Job Card, PAN Card, Job Card, and Driver License), as well as caste certificates, PwD certificates, income certificates, and land records.
The applicant will invest at least 10% of the loan amount as margin money, either in cash or in kind or work.
The applicant must hold a clear land title in Gharabari Kisam of the Sthitiban Category. She or he will mortgage the title deed to the land and register it at the appropriate Sub record office. On completion of a predetermined stage of construction, the loan will be disbursed in two-thirds payments.
If the recipient is interested, he or she may repay the loan amount early than the 10-year repayment period. They can also choose to pay greater EMls. The bank will not charge any prepayment fees during this time.
Mo Ghara scheme FAQ’s
| Q- What is the Mo Ghara scheme? |
| A- The Mo Ghara scheme is a housing plan initiated by the Odisha Government to provide financial assistance to low and middle-income families in rural areas. |
| Q- Who is eligible for the Mo Ghara scheme? |
| A- The eligibility criteria for the Mo Ghara scheme include: :-Families residing in kutcha homes or single pucca rooms with an RCC roof. :-Families who have never received any government housing assistance or have received assistance worth :-less than Rs. 70,000 in the past. :-Families earning less than Rs. 25,000 every month. :-Families without a personal non-commercial motorized four-wheeler. :-Families without any regular Government/PSU employee or monthly pension from the Government/PSU. :-Families owning less than 5 acres of irrigated land or less than 15 acres of non-irrigated land. |
| Q- What is the loan amount available under the Mo Ghara scheme? |
| A- Beneficiaries of the Mo Ghara scheme can obtain a house loan of up to Rs. 3 lacks. They can choose from four loan amounts: Rs. 1 lakh, 1.5 lakh, 2 lakh, and 3 lakh are the available amounts. |
| Q- How long is the repayment period for the Mo Ghara scheme loan? |
| A- The Mo Ghara scheme loan can be repaid in 10 years, including a one-year moratorium period, in simple payments. |
| Q- What are the subsidy details of the Mo Ghara scheme? |
| A- Upon completion of the house, the state government will disburse capital subsidies to the recipients’ loan accounts. Increased subsidies will be provided to disadvantaged groups such as SC/ST and PWD-headed households. The subsidy rates will be determined by the State Cabinet. |
| Q- Are there any processing fees for loan approval? |
| A- No, banks will not charge any processing fees for loan approval under the Mo Ghara scheme. |
| Q- Are there any additional financial benefits for the beneficiaries? |
| A- To alleviate the financial burden, the State Government has eliminated the registration cost and stamp taxes required for the mortgage of the title deed. The fees for obtaining certified copies of essential papers from Sub-Registrar offices, necessary for loan processing, will also be eliminated. The State Government will cap the legal consultation price at Rs. 1000, which will be paid to banks. |
| Q- Can beneficiaries receive assistance under other initiatives? |
| A- Yes, eligible beneficiaries may also receive assistance under appropriate rural sanitation, drinking water, and rural electricity initiatives if they have not previously received assistance. |
| Q- How can beneficiaries apply for the Mo Ghara scheme? |
| A- Beneficiaries can apply for the Mo Ghara scheme through the dedicated web platform created by the government. They need to register on the website (https://rhodisha.gov.in/moghara) and submit their applications. The registration process may require documents such as a passport-sized photo, an Aadhaar card, KYC document, caste certificates, PwD certificates, income certificates, and land records. |
| Q- Is there any margin money requirement? |
| A- Yes, the applicant is required to invest at least 10% of the loan amount as margin money, which can be paid in cash, kind, or through work. |
| Q- What are the conditions regarding land ownership? |
| A- Applicants must hold a clear land title in Gharabari Kisam of the Sthitiban Category. They will mortgage the land’s title deed and record it at the relevant Sub record office. The loan will be disbursed in two-thirds of payments at predetermined stages of construction. |
| Q- Can the loan be repaid earlier than the 10-year repayment period? |
| A- Yes, beneficiaries have the option to repay the loan amount earlier than the 10 |
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