The Indian government’s COFHAFTCW Scheme (Central Government Housing Assistance for Targeted Communities and Workers) is designed to provide affordable housing solutions to economically vulnerable groups, including low-income families, informal workers, and marginalized communities. Hosted on the MyScheme.gov.in portal, this initiative simplifies access to housing benefits. Below is a detailed, user-friendly overview of the scheme, its features, and how to apply.
What is the COFHAFTCW Scheme?
The COFHAFTCW Scheme aims to bridge the housing gap by offering financial assistance, subsidies, or affordable housing units to eligible beneficiaries. It prioritizes:
· Low-income urban/rural families without permanent housing.
· Informal sector workers (e.g., street vendors, domestic helpers).
· Marginalized groups (SC/ST/OBC, minorities).
Key Features of the COFHAFTCW Scheme
1. Subsidized Housing Loans: Reduced interest rates on home loans through partner banks.
2. Direct Subsidies: One-time grants for home construction or renovation.
3. Affordable Housing Units: Pre-built houses at discounted rates in government-approved projects.
4. Flexible Repayment Options: Extended loan tenures for easier EMI payments.
5. Priority for Women: Additional benefits for female-headed households or joint ownership.
Eligibility Criteria
To qualify, applicants must meet these requirements:
- Income Limit: Annual household income ≤ ₹3–6 lakh (varies by state).
- Residency Proof: Valid Aadhaar card and address verification.
- No Prior Ownership: Must not own a pucca house in any Indian city.
- Occupation: Informal workers must provide proof of employment (e.g., labor card, employer certificate).
How to Apply for the COFHAFTCW Scheme
Follow these steps to apply online via MyScheme.gov.in:
1. Visit the Portal: Go to https://www.myscheme.gov.in/schemes/cohaftcw.
2. Register/Login: Create an account using your mobile number or Aadhaar.
3. Fill the Form: Enter personal, income, and housing details.
4. Upload Documents: Submit scanned copies of ID, income proof, and residency documents.
5. Submit & Track: Review your application and track its status using the reference number.
Note: Offline applications may be submitted at Common Service Centers (CSCs) or designated banks.
Documents Required
· Aadhaar card
· Income certificate (issued by local authority)
· Bank account details
· Ration card (if applicable)
· Proof of residence (electricity bill, voter ID)
· Employment proof (for informal workers)
Benefits of the COFHAFTCW Scheme
· Financial Security: Reduced burden of housing loans.
· Improved Living Standards: Access to safe, permanent housing.
· Inclusive Growth: Uplifts marginalized communities through targeted support.
FAQs About the COFHAFTCW Scheme
1. What does COFHAFTCW stand for?
It stands for Central Government Housing Assistance for Targeted Communities and Workers.
2. Who is eligible for this scheme?
Low-income families, informal workers, and marginalized groups without a pucca house.
3. How do I apply online?
Visit MyScheme.gov.in, register, fill the form, and upload documents.
4. What subsidies are available?
Subsidies vary but may cover 10–30% of home loan interest or construction costs.
5. Can I apply offline?
Yes! Visit a CSC or partner bank for assistance.
6. Is there an application deadline?
Deadlines depend on state-wise allocations. Check the portal for updates.
7. How long does approval take?
Typically 4–6 weeks after document verification.
8. What if I already own a plot?
You may still qualify for construction subsidies.
9. Are there penalties for false information?
Yes. Applications with fraudulent details will be rejected.
10. Who can I contact for help?
Call MyScheme’s helpline or email [email protected].
Why Choose the COFHAFTCW Scheme?
This initiative empowers underserved communities to achieve homeownership with minimal financial stress. By leveraging subsidies and simplified processes, it ensures housing becomes a reality, not a distant dream.
Pro Tip: Double-check eligibility and documents before applying to avoid delays!
For more updates, visit MyScheme.gov.in or follow their social media channels. Apply today and take the first step toward securing your dream home!