Shahari Waqf Sampatti Vikas Yojana (Former Scheme for Grants-in-aid to Waqf Development of Urban Waqf Properties)
The Scheme for the Development of Urban Waqf Properties, a pioneering programme of the Council for developing the waqf property on commercial line was launched in 1974-75 with the Grant-in-Aid of the Government of India aimed at augmenting the resources of the Waqf Institutions and for better realization of their objectives.The scheme was appreciated by the State Waqf Boards as it made impact for enhancing the revenues of the Waqf/Board and hence it continued. Under this scheme the Council provides loan assistance through the respective State Waqf Boards for taking up economically/commercially viable buildings on Waqf land, such as commercial arcades, Marriage halls, Hospitals, Cold Storage etc. The Ministry of Minority Affairs, Government of India has been providing annual Grant -in -Aid under for this specific purposes. After Evaluation of the Scheme for Grants-in-aid to Waqf Development of Urban Waqf Properties,it has been renamed in 2017 as Shahari Waqf Sampatti Vikas Yojana and was approved uptil 2019-20.However, the scheme has been further extended upto 2020-21.