Lack of institutionalised finance at lower rates coupled with the unavailability of affordable homes were the significant factors identified towards the mammoth housing shortage in the country. Comprehending the need to subsidise home loans for the urban poor to acquire a house or get one constructed, the government introduced Credit Linked Subsidy Scheme (CLSS) under PMAY.
Salient features of CLSS
CLSS Eligibility Criteria
Check your eligibility for CLSS – Click here.
|CLSS Scheme Type||Eligibility Household Income (Rs)||Carpet Area-Max (sqm)||Interest Subsidy (%)||Subsidy calculated on a max loan of||Loan Purpose||Validity of scheme||Max Subsidy (Rs)||Women Ownership|
|EWS and LIG||Up to Rs 6 lakh||60 sq m||6.50%||Rs 6 lakh||Purchase/ Self Construction/ Extension||31/03/2021||2.67 lakh||Yes|
|MIG -1||Rs 6-12 lakh||160 sq m||4.00%||Rs 9 lakh||Purchase/ Self Construction||31/03/2021||2.35 lakh||No|
|MIG -2||Rs 12-18 lakh||200 sq m||3.00%||Rs 12 lakh||Purchase/ Self Construction||31/03/2021||2.30 lakh||No|
CLSS Subsidy Calculator | Calculate home loan subsidy under PMAY
Disclaimer: The tool is for information purposes only. Calculated subsidy amount may vary from case to case depending on various factors. Disbursement of subsidy is at sole discretion of Government of India.