Under the scheme, interest free loan to Waqf Boards (WBs)/waqf institutions is granted to various Waqf Boards and Waqf Institutions in the country for construction of economically...
Department: · Level: central
1. 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. 1. 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. 1. 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.
1. 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. 1. Loans under this scheme will be provided for the development of Waqf properties located in urban areas. 1. 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 Municipali...
**Offline** ***Application Process:*** **Step 1:** The agency seeking a loan under the scheme should apply to the concerned Waqf Board (WB) using the [prescribed application form](https://centralwaqfcouncil.gov.in/content/forms), 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 w...