Prime Minister Narendra Modi distributed approximately 6.5 million Svamitva property cards on Saturday, emphasizing that this initiative will enhance economic activities and aid in poverty reduction.
During a video conference with some beneficiaries, he noted that the scheme will facilitate access to loans and enable individuals to benefit from government programs. The property cards are being issued in over 50,000 villages across 10 states, including Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh, Maharashtra, Mizoram, Odisha, Punjab, Rajasthan, Uttar Pradesh, and the Union Territories of Jammu & Kashmir and Ladakh.
“With the distribution of these 6.5 million cards today, around 22.4 million villagers will now possess Svamitva property cards,” the Prime Minister stated.
He pointed out that property rights represent a significant global challenge, referencing a United Nations study that highlighted the lack of legal documentation for property ownership in numerous countries. The UN has recognized the importance of property rights in alleviating poverty.
Modi explained that an esteemed economist had described village property as “dead capital,” as it was unutilized and unable to generate income. “India also faced this issue. Villagers hold property worth billions, yet lack documentation. This led to disputes, property encroachments, and banks’ refusal to grant loans,” he observed, criticizing previous governments for their inaction on this matter.
He noted that marginalized groups, including Dalits, backward classes, and tribals, were particularly affected. “With legal property rights, many individuals have been able to secure loans to start their own businesses. For farmers, these property cards serve as a guarantee of financial security,” he added.
Modi asserted that the Svamitva and Bhu-Adhaar initiatives will lay the groundwork for rural development.
The event also featured Union Minister for Panchayati Raj, Rajiv Ranjan Singh ‘Lalan’, Union Minister of State for Panchayati Raj S P Singh Baghel, and Ministry of Panchayati Raj Secretary Vivek Bharadwaj. Several chief ministers, Union ministers, and state ministers joined the event virtually.
Additionally, physical distribution events for the property cards are taking place in over 230 districts, with around 13 Union ministers expected to participate from various locations across the country to supervise these regional distribution ceremonies.