"Experts across the world have stressed that property ownership rights play a big role in a country's development," he said to highlight the significance of the measure and noted that only one-third population globally has legal record of the properties they own.
The youth living in villages now can avail of bank loans against their properties to start out on their own, he said, asserting it is necessary for a developing country like India to have clear land ownership rights.
Property rights will give the youth self-confidence that can lead to their self-reliance, he said.
The beneficiaries are from 763 villages across six states, including 346 from Uttar Pradesh, 221 from Haryana, 100 from Maharashtra, 44 from Madhya Pradesh, 50 from Uttarakhand and two from Karnataka.
Modi said his government will try to give every household similar property cards over the next three-four years.
The Prime Minister's Office (PMO) has said the launch will enable around one lakh property holders to download their property cards through an SMS link sent on their mobile phones, and this would be followed by the physical distribution of property cards by respective state governments.
The prime minister spoke against the backdrop of the pictures of socialist icon Jayaprakash Narayan and RSS stalwart Nanaji Deshmukh, both of whom have their birth anniversary on Sunday, and recalled their ideals of village empowerment.
Noting that Deshmukh had observed that when villagers remain trapped in disputes, neither will they be able to develop themselves nor the society, Modi said he believed the ownership will become a great medium to end many disputes in villages.
He said an unprecedented level of development has taken place in villages over the last six years, which never happened in the preceding six decades.
People have got benefits like having bank account, electricity connection, access to toilets, getting gas connection, having a pucca house and a piped drinking water connection.
He added that a major campaign to connect every village in the country with the optical fiber connection is also going on at a fast pace.
The 'SVAMITVA' scheme will make village management easier for gram panchayats in a systematic way like municipalities and municipal corporations, he said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.