With a view to improving the financial position of the auqaf and the Waqf Boards and to enable them to enlarge the area of their welfare work, this yojana has been formulated with a view to protect vacant Waqf land from encorachers and to develop economically viable projects on these properties for generating more income and/or to which welfare activities. Under the yojana, interest free loan is advanced to various Waqf Boards and Waqf institutions in the country for construction of economically viable buildings on the Waqf land, such as commercial complex, marriage halls, hospitals, cold storage etc.
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