The Home Loan Interest Subsidy Scheme is an initiative by the Gujarat Labour Welfare Board, under the Labour, Skill Development & Employment Department, Government of Gujarat. This scheme provides a 3% interest subsidy on home loans to organized sector workers to ease the financial burden of owning a house. The scheme supports workers in realizing their dream of homeownership by offering interest relief on loans up to ₹15 lakhs.
Key Highlights of Gujarat Housing Loan Subsidy
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Scheme Name: Home Loan Interest Subsidy Scheme
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Launched By: Gujarat Labour Welfare Board, Labour Department
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Target Beneficiaries: Workers in the organized sector
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Subsidy Amount: 3% interest subsidy (maximum loan cap: ₹15 lakhs)
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Maximum House Value: ₹30 lakhs
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Minimum Loan Tenure: 15 years or more
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Mode of Application: Online via Sanman Portal
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Subsidy Disbursement: Direct Benefit Transfer (DBT) to the applicant’s bank account
Benefits of the Scheme
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3% Interest Subsidy on home loans taken by organized sector workers.
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Applicable on loans up to ₹15,00,000 or the actual interest paid, whichever is lower.
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The maximum house purchase price must not exceed ₹30,00,000.
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Subsidy credited directly to the beneficiary’s bank account via DBT.
Eligibility Criteria
To be eligible for the scheme;
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Applicant must be employed in the organized sector in Gujarat.
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Must have completed one year of continuous service in the factory/company/organization.
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Labour Welfare Fund contributions must be deposited with the Gujarat Labour Welfare Board.
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The purchase value of the house should not exceed ₹30 lakhs.
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The home loan tenure must be 15 years or more.
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Loans must be availed from Nationalized/Scheduled Banks or NBFCs.
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The application must be submitted within one year of the date of property purchase.
How to Apply Online via Sanman Portal
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Visit the official Sanman Portal at https://sanman.gujarat.gov.in
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Under Citizen Login, click on “Please Register Here”.
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Enter your Aadhaar Number, select user type, and enter your Labour Welfare Fund Account Number.
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Click ‘Fetch’ and verify the auto-filled details.
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Complete registration by entering your details and creating a password.
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After registration, log in using your User ID and Password.
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Select the Home Loan Interest Subsidy Scheme and read the guidelines.
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Fill the application form and upload all required documents.
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Agree to the Rules and Regulations, and submit the form.
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You will receive a confirmation email with your application number.
Necessary Documents for Application
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Recent passport-size photograph
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Identity card issued by the contractor/employer
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Aadhaar Card of the worker
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Labour Welfare Fund Account Number
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Loan sanction letter and proof of loan
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Annual Loan Statement or Interest Certificate
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Self-declaration
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Bonafide Certificate from employer
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Bank account details (passbook copy or cancelled cheque)
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Additional documents as required by the portal
Note: If you don’t have a Labour Welfare Fund Account Number, contact your factory/organization’s HR or compliance official.
Frequently Asked Questions (FAQs)
Q: Who launched the Home Loan Interest Subsidy Scheme?
A: The Gujarat Labour Welfare Board under the Government of Gujarat.
Q: What is the interest subsidy offered under the scheme?
A: A 3% interest subsidy on home loans up to ₹15 lakhs.
Q: What is the maximum eligible loan amount?
A: ₹15 lakhs or actual interest paid, whichever is lower.
Q: How is the subsidy amount disbursed?
A: Through Direct Benefit Transfer (DBT) to the worker’s bank account.
Q: Who can apply for this scheme?
A: Workers from the organized sector in Gujarat who meet all eligibility criteria.
Q: What is the minimum loan tenure required?
A: 15 years or more.
Q: Which institutions can issue loans under this scheme?
A: Only Nationalized/Scheduled Banks or NBFCs.
Q: Is there a time limit to apply?
A: Yes, applications must be submitted within one year from the date of the purchase document.
Q: Can any sector worker apply for this scheme?
A: Only workers from the organized sector are eligible.
