SVAMITVA Scheme: Transforming Rural Land into Bankable Assets
The SVAMITVA scheme uses drone mapping to create legal property records, unlocking Rs 135 lakh crore worth of land assets and expanding access to credit. Over 10,900 loans have been sanctioned using property cards. The scheme has mapped over 3.30 lakh villages, enhancing financial inclusion and local governance.
- Country:
- India
India's SVAMITVA scheme is making waves in rural land governance by digitizing property records through drone mapping, unlocking an estimated Rs 135 lakh crore in rural land assets.
According to a study by IIM Ahmedabad and the World Bank, more than 10,900 loans totaling Rs 1,679 crore have been granted using property cards generated by the scheme.
Launched in 2020, SVAMITVA has mapped around 3.30 lakh villages, resulting in 3.14 crore property cards across 1.89 lakh villages, significantly enhancing credit access, financial autonomy, and reducing land disputes.
(With inputs from agencies.)
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