The above scheme is operated by the Directorate of Panchayat through the Block Development Officers.

Eligibility:- Any person who is born and residing in Goa whose annual income from all the sources does not exceed Rs.25000 per annum and who does not own a house either in his own name or in the name of any of his family members shall be eligible to avail of the benefits of this scheme for construction of new house or for repairs or improvement of the existing house.

Amount of Loans: – The maximum amount of loans which can be sanctioned under this scheme is Rs.20000/- which is relasesed in three installments. The first installment of Rs.5000/- is released at the time of Sanction of loan. The Second installment of Rs.1000/- if released on the recommendations of the Respective Block Development Officer after verified that the construction has reached up to the Plinth level. The third and the last installment of Rs.5000/- is released on a furnishing a certificate by the Block Development Officer that the Construction has reached up to the Roof level. The loan carries interest at such rates as may be fixed by the Govt. from the time to time.

Recovery:-The principal amount of loan along with interest is recoverable in 20 equal annual installments, the first installment being payable on the expiry of 18 months from the date of its disbursement. The application for loan along with the required documents shall be submitted to the Block Development Officer who shall forward it with his recommendations to the Director of Panchayats within a week from its receipt. The application for loan shall be accompanied with the following documents:-Title Documents
(a) Permission from the Panchayats
(b) Site Plan
(c) Model of the House
(d) Photograph of the Applicant
(e) Income Certificate
(f) Residential Certificate
(h) Certificate from the Mamlatdar to the effect that the applicant and his father or mother were born in Goa.
The total estimated costs of the construction or improvement or repairs of the house should not exceed Rs.25,000/-.The construction, improvement or repairs should becompleted within a period of one year from the date of disbursement of the first installments. The land and the house are required to be mortgaged in favour of the Government.
No loan under this scheme can be granted to a person who has already obtained or applied for loan for the same purpose under any other scheme of the Government, housing society, Corporation or Bank. The Director of Panchayats is the sanctioning authority under this scheme.