Over 1.65 lac benefits under CLSS vertical of PMAY (U)

By Accommodation Times Bureau

DELHI

The Credit Linked Subsidy Scheme (CLSS) Vertical has shown progressive performance with over 1,65,000 beneficiaries benefitting from this Scheme during 2015-18.  This is a huge jump in the number of beneficiaries from the earlier comparable interest subsidy scheme between 2008-2013 which was only 18,166, said Ministry of Housing and Urban Affairs in a press release.

Adequate funding has been ensured for the CLSS Vertical of the Mission as Rs. 31,505 crores has been provided for the Mission (Rs.6505 crore from budgetary sources and Rs. 25,000 crores from Extra Budgetary Resources(EBR)) with a provision for additional funding beyond the Rs. 25,000 crore under EBR during this financial year, said release.

The funds through EBR would be drawn in phases, as per requirement, throughout the financial year. A mechanism has been devised to optimally utilise the funds under the mission.





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