PM Modi's SVAMITVA Scheme; 1 Lakh People to Receive 'Property Cards'

In a first-of-its-kind initiative, one lakh people from rural areas will receive "property cards" from the government, according to "Survey of Villages and Mapping with Improvised Technology in Village Areas" (SVAMITVA) scheme launched by PM Modi on October 11. While launching the scheme, PM Modi said that people could now use their properties as "financial assets" for availing loans. He further stated that banks cannot deny loans to people with proper documents.