CLSS for MIG home loans extended till March 2020

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By Accommodation Times Bureau


The Ministry of Housing and Urban Development has extended the Credit Link Subsidy Scheme (CLSS) on home loan for MIG under PMAY till March 31, 2020, Housing & Urban Affairs Minister Hardeep Puri said.

Puri on Monday in a press conference said, “The performance of the CLSS has been very good for the middle income groups, and by the end of this year, the number of beneficiaries could be up to one lakh rupees. So far, the number of beneficiaries of middle income group is 93,007 and grant of Rs 1,960.45 crore has been distributed.”

The Credit Linked Subsidy Scheme (CLSS) is a benefit under the Pradhan Mantri Awas Yojana which focuses on helping the Middle-Income Groups, Economically Weaker Sections, and Lower Income Groups in India by bringing down their housing loan EMIs by over Rs.2,000 per month by offering an interest subsidy.

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