Cabinet approves the increase in the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme for the Middle Income Group under Pradhan Mantri Awas Yojana

apartmentsBy Accommodation Times Bureau

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the increase in the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG) under Pradhan MantriAwasYojana (Urban).

 

To further enhance the scope, coverage and outreach of the Scheme, the Cabinet has approved the following:

 

  1.         i.            increasing the carpet area in the MIG I category of CLSS from the existing 90 square metre to “up to 120 square metre” and increasing the carpet area in respect of MIG II category of CLSS from the existing 110 square metre to “up to 150 square metre”; and
  2.       ii.            making the above change effective from 01.01.2017 i.e. the date the CLSS for MIG had become effective.

 





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