Credit Linked Subsidy Scheme (CLSS), an interest subsidy scheme under Pradhan Mantri Awas Yojana - Housing for All (Urban), was recently launched by Ministry of Housing and Urban Poverty Alleviation (MoHUPA). Owing to the rising urbanisation and the growth in housing demands in India, this scheme was introduced to cater to Economical Weaker section/ Lower Income Group (LIG)/ Middle Income Group (MIG) for purchase/construction/extension/improvement of house.
|Any adult earning member irrespective of his/ her marital status can be treated as a separate household.|
|Under this scheme, the beneficiary family should comprise of husband, wife and unmarried children.|
|For EWS & LIG: Statutory Towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.
Note: States/UTs will have the flexibility to include in the Mission the Planning area as notified with respect to the Statutory Town and which surrounds the concerned municipal area.
|For MIG: Statutory Towns as per Census 2011 and towns notified subsequently will be eligible for coverage under CLSS for MIG.
Note: Planning Area as notified with respect to the Statutory Town and which surrounds the concerned municipal area will also be covered under the Scheme.
|CLSS Scheme Type||Household Income||Woman Ownership||Loan Purpose||Carpet Area (Max) (sqm)||Interest Subsidy (%)||Subsidy calculated on||Max Subsidy (Rs.)||Validity of scheme|
|EWS||Upto Rs. 3,00,000||Mandatory||Purchase/Self Construction/Extension||30 sqm||6.50 %||Rs. 6 Lakhs||2.67 Lakh||31-Mar-2022|
|LIG||Rs. 3,00,001 to Rs. 6,00,000||Mandatory||60 sqm||6.50 %||Rs. 6 Lakhs||2.67 Lakh||31-Mar-2022|
|MIG 1 #||Rs. 6,00,001 to Rs. 12,00,000||Not Mandatory||120 sqm||4.00 %||Rs. 9 Lakhs||2.35 Lakh||31-Mar-2019|
|MIG 2 #||Rs. 12,00,001 to Rs. 18,00,000||Not Mandatory||150 sqm||3.00 %||Rs. 12 Lakhs||2.30 Lakh||31-Mar-2019|
* Loans are at the sole discretion of Fullerton India Home Finance Co. Ltd. *Visit www.mhupa.gov.in for more details on the scheme. Please Note: Government of India/NHB reserves the sole discretion to award benefits under this scheme by assessing the eligibility of beneficiaries. The above contents herein is a brief summary of the related announcement.