Shahari Waqf Sampatti Vikas Yojana
Shahari Waqf Sampatti Vikas Yojana (Urban Waqf Property Development Scheme)
The Shahari Waqf Sampatti Vikas Yojana, initiated by the Central Waqf Council, aims to provide interest-free loans to Waqf Boards and institutions across India. The primary focus of this scheme is to facilitate the construction of economically viable structures on Waqf land, including commercial complexes, marriage halls, hospitals, and cold storage facilities. This initiative has been in effect since 1974-75 and has recently been extended until 2025-26.
Overview of the Scheme
The Shahari Waqf Sampatti Vikas Yojana is designed to empower Waqf institutions by enhancing their financial capabilities and ensuring that they can protect their land from encroachment. The program aims to support the development of projects that can generate income and broaden welfare initiatives.
Objectives
- To strengthen the financial standing of Waqf Boards and institutions.
- To facilitate the development of Waqf properties for welfare activities.
- To protect vacant Waqf land from encroachment.
- To promote the establishment of economically viable projects on Waqf properties.
Benefits of the Scheme
The scheme offers various benefits aimed at enhancing the infrastructure and financial stability of Waqf institutions:
- Loan assistance for constructing commercially viable buildings on Waqf land.
- Provision of grants-in-aid for social development projects, subject to prior approval from the Ministry.
- The maximum interest-free loan available is ₹2.00 crore or 75% of the estimated project cost (excluding land value), whichever is lower.
Eligibility Criteria
To qualify for the interest-free loan, the following criteria must be met:
- All Waqf Boards (WBs) and registered Waqf institutions must have full possession of the property intended for development.
- Institutions must not be insolvent or deemed unsuitable by the Central Waqf Council (CWC).
- Loans will be granted specifically for developing Waqf properties situated in urban locations.
- Support is available for specific development projects or non-commercial initiatives that receive CWC approval.
Application Process
Offline Application Steps
To apply for a loan under the Shahari Waqf Sampatti Vikas Yojana, follow these steps:
- Submit an application to the concerned Waqf Board (WB) using the designated form, ensuring all necessary details are provided.
- Download the application form from the official website or request it from the relevant Waqf Board office. Make sure to fill in all required information accurately.
- Send the completed application form along with all supporting documents to:
| To, |
| The Secretary, Central Waqf Council, Central Waqf Bhawan, P-13 & 14, Sector-6, Pushp Vihar, Opposite Family Court, Saket, New Delhi – 110017 |
Post-Application Process
- The Waqf Board will evaluate the application, considering the project's feasibility. Eligible applications will be forwarded to the Central Waqf Council (CWC).
- The CWC will assess the application via a Screening Committee, with recommendations made to the Waqf Development Committee (WDC) for approval by the CWC Chairman.
- Upon approval, the CWC will disburse the loan amount according to the relevant procedures outlined in the General Financial Rules (GFR).
- Loans exceeding ₹75 lakh will be released in installments, while those for ₹75 lakh or less will be paid from a revolving fund established through previous loan repayments.
- The first installment, up to 50% of the loan amount, will be disbursed upon submission of necessary documents by the borrowing institution, following GFR provisions.
Important Notes
- Approved projects require Waqf Boards or institutions to submit a loan agreement.
- Loan security may be provided through a Memorandum of Deposit of Title Deed, State Government Guarantee, Bank Guarantee, or State Waqf Board Guarantee.
- CWC will charge an 8% fee of the disbursed loan amount for administrative costs, which must be paid in advance by the Waqf Board or institution before loan release.
- All projects must comply with GFRs and other applicable government regulations and guidelines.
Eligibility Criteria
All Waqf Boards (WBs) and registered Waqf institutions, which are in full possession of property to be developed and in the opinion of Central Waqf Council (CWC) are not insolvent or otherwise suitable, shall be eligible for interest free loan.
Loans under this scheme will be provided for the development of Waqf properties located in urban areas.
Interest-free loan assistance or grants-in-aid, in the public interest, will be provided to WBs and Waqf institutions for specific development projects or non-commercial purposes approved by the CWC.
Note 1: Under this scheme, loan assistance will be provided for projects involving the construction or reconstruction of economically viable buildings or projects on Waqf lands. The augmented income generated from these developments will be utilized by WBs and Waqf institutions to strengthen their financial position and expand the scope of their welfare and charitable activities. The whole purpose is intended to contribute to overall progress and development of the society.
Note 2: Urban Area means a property situated in any area, which is comprised within the jurisdiction of a Municipality (whether known as Municipality, Municipal Corporation, Notified Area Committee, Town Area Committee, Town Committee or by any other name) Cantonment Board and include any area within such distance not being more than 8 kilometers from the local limits of any Municipality or Cantonment Board as the Central/State Government may, having regard to the extent or scope for urbanization of that area and other relevant consideration, specify in this behalf by notification in the Official Gazette.
Benefits
Under this scheme, the Council provides loan assistance through the respective State Waqf Boards for the construction of economically and commercially viable buildings on Waqf land, such as commercial arcades, marriage halls, hospitals, cold storage facilities, etc.
As a special case, Grant-in-aid shall be granted to State Waqf Boards/waqf Institutions with the prior approval of the Ministry for social development projects on waqf land.
Maximum interest free loan payable will be ₹2.00 crore or 75% of the estimated cost of the project (excluding the value of the land), whichever is less.
Application Process
Apply OfflineApplication Process:
Step 1: The agency seeking a loan under the scheme should apply to the concerned Waqf Board (WB) using the prescribed application form
, providing all necessary details.
Step 2: Download the application form from the official website or obtain it from the relevant Waqf Board office. Ensure that all required information is accurately filled in.
Step 3: Submit the completed application form along with the necessary supporting documents to the following address:
To,
The Secretary,
Central Waqf Council,
Central Waqf Bhawan,
P-13 & 14, Sector-6, Pushp Vihar,
Opposite Family Court, Saket,
New Delhi – 110017
Post-Application Process:
Step 1: WB shall consider the application including the feasibility of the project from all angles. The applications found eligible shall be forwarded to Central Waqf Council (CWC) for consideration.
Step 2: The application in CWC will be examined by a Screening Committee and the report of the Screening Committee shall be placed before Waqf Development Committee (WDC) for its recommendation for approved of Chairman, CWC.
Step 3: CWC will release the approved loan amount in accordance with the applicable procedure and provisions as laid down in General Financial Rules (GFR) notified by the Ministry of Finance in this regard.
Step 4: The loans for the amount of more than ₹75 Lakh shall be disbursed in installments to those applicants for whom the funds have been released by the Ministry as Grant in aid. The loans for amount of ₹75 Lakh or less shall be disbursed in installments from the revolving fund created by repayment of loan granted in previous years.
Step 5: First installment of up to 50% of the loan amount will be disbursed initially on submission of requisite documents by the loanee institution in compliance of the provisions of GFR. The remaining amount of the loan will be released in appropriate installments after receipt of UC and satisfactory progress report from the concerned institutions;
Note 1: For approved projects, WBs/ waqf institutions will also be required to submit loan agreement. Security for obtaining loans will be furnished through memorandum of Deposit of Title Deed OR State Government Guarantee OR Bank Guarantee OR State Waqf Board Guarantee; and
Note 2: For all the approved projects, CWC will levy a charge of 8% of disbursed loan amount towards administrative processing cost and the above amount will have to be deposited in advance by WB/ waqf institution before loan amount is released.
Note 3: Compliance with the provisions of GFRs and all other applicable Government of India orders / instructions / notifications / guidelines pertaining to release and recovery of loans shall be the responsibility of the CWC after the release of grants in aid by the Ministry.
References & Official Links
Scheme Details
| Full Name | Shahari Waqf Sampatti Vikas Yojana |
| Short Title | SWSVY |
| Level | Central |
| Scheme For | Infra |
| Ministry | Ministry Of Minority Affairs |
| Categories | Transport & Infrastructure |
| States | All India |
| Gender | All |
| Age Range | Any — 50 years |
| Caste/Category | Minority |
| Area | Urban |
| Source | www.myscheme.gov.in ↗ |