Under the scheme, a one-time grant will be granted to all members of the fund for the purchase of tools subject to the conditions.
Loans for Tools (MBOCWWB) - Introduction
The “Loans for Tools” scheme is implemented by the Meghalaya Building and Other Construction Workers Welfare Board (MBOCWWB), Labour Department, Government of Meghalaya. Under the scheme, a onetime grant will be granted to all members of the fund for the purchase of tools subject to the conditions.
The members of the fund who have completed 3 years of membership in the fund and those who remit contributions regularly will be eligible for this loan.
Benefits
- Under this scheme, registered building and construction workers will receive a one-time grant of up to ₹10,000 for the purchase of tools.
Eligibility
- The beneficiary should be a resident of Meghalaya.
- The beneficiary should be engaged in any building or other construction work.
- The beneficiary should be registered under the Meghalaya Building & Other Construction Workers Welfare Board.
- The beneficiary who has completed 3 years of membership in the fund will be eligible for this loan.
- The beneficiary who remits contributions regularly will be eligible for this loan.
- The beneficiary should have completed 55 years.
Note 01: Operation and maintenance of the tool shall be the sole responsibility of the beneficiary, and the Board shall not be responsible for any after-sales service, parts, or accessories.
Note 02: The grant shall be sanctioned subject to the production of a valid cash memo or voucher from an authorized dealer by the BOCW beneficiary and the tools shall be produced before an official of the Board for inspection & photograph.
Note 03: The Board shall emboss a mark (logo or serial No) onto the tool after production & inspection. A tool so marked cannot be produced again for any subsequent claim(s).
Note 04: A beneficiary is prohibited from selling the tools purchased and shall not be entitled to a second grant.
Note 05: The loan amount shall be recovered in not more than sixty installments.
Application Process
- Step 01: The complete megbocwwb.gov.in along with the required documents is required to be submitted before the Registering Officer of the area.
- Step 02: The Registering Officer, after satisfying himself/herself with all the details, may register the worker as a beneficiary under the Act and issue an identity card affixing the photograph of the worker.
- Step 01: A copy of the prescribed megbocwwb.gov.in duly signed by the applicant shall be submitted to the concerned employer.
- Step 02: The employer is required to countersign the complete application and submit it to the Building & Other Construction Workers' Welfare Board for consideration.