EAC-PM Proposes Urban SVAMITVA Scheme to Enhance Land Records Integration
EAC-PM Working Paper suggests SVAMITVA-like scheme for urban India
The Economic TimesImage: The Economic Times
The Economic Advisory Council to the Prime Minister of India (EAC-PM) has proposed a SVAMITVA-like scheme for urban areas to improve land record integration across states. This initiative aims to enhance transparency and efficiency in urban land markets, drawing from the successes of the existing SVAMITVA scheme in rural India.
- 01EAC-PM recommends a SVAMITVA-like scheme for urban India.
- 02The scheme aims to integrate scattered land records across various state and municipal bodies.
- 03SVAMITVA has improved credit access and economic agency for women in rural India.
- 04The proposal could facilitate easier land assembly for businesses.
- 05The paper highlights significant increases in loan amounts for women and backward class borrowers under SVAMITVA.
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A recent working paper from the Economic Advisory Council to the Prime Minister of India (EAC-PM) advocates for a SVAMITVA-like scheme tailored for urban India. The proposal aims to address the fragmentation of land records managed by multiple state and municipal authorities, which complicates land ownership verification. The original SVAMITVA scheme, designed for rural areas, has successfully enhanced access to formal credit, especially for women and marginalized communities. The paper, co-authored by Soumya Kanti Ghosh, Pulak Ghosh, and Falguni Sinha, emphasizes that implementing a similar scheme in urban settings could improve the transparency and competitiveness of urban land markets. It suggests that creating property cards for urban areas would allow businesses to acquire contiguous land parcels more efficiently. The analysis also points out that SVAMITVA has led to a 23% increase in sanctioned loan amounts in districts where it was implemented, with notable benefits for women borrowers and those from backward classes. The paper underscores the potential of combining the SVAMITVA Act with existing legal protections for women to foster a more inclusive economic environment.
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The proposed scheme could significantly improve access to land ownership and credit for urban residents, particularly benefiting women and marginalized communities.
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