Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has introduced in June 2015, an interest subsidy scheme called Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (URBAN)-Housing for All, for purchase/ construction/ extension/ improvement of house to cater Economical Weaker Section(EWS)/Lower Income Group(LIG)/Middle Income Group (MIG), given the … First Phase: – In the first phase, Makan (housing) will be built in 100 cities under this scheme and the … Pradhan Mantri Awas Yojana was launched on 1 June 2015 to provide affordable housing to the urban poor. About Pradhan Mantri Awas Yojana (PMAY) The Pradhan Mantri Awas Yojana (PMAY) scheme was launched by the Government of India to boost the affordability of houses against an inflated real estate sector. We have already mentioned two important features of this housing scheme, which are: Government loan of up to INR 600,000 for a period of 15 years or less. Credit-Linked Subsidy Scheme of Pradhan Mantri Awas Yojana. Launched on 25th June 2015, PMAY targets to construct 2 Crore homes for the urban poor by 31st March, 2022 before the nation celebrates her 75th independence. The benefit of Rs 2.6 lakh Pradhan Mantri Awas Yojana subsidy will be available till March 2019. The objective is to build 20 million houses affordable for the urban poor by March 31, 2022. CLSS or Credit Linked Subsidy Scheme for LIG/EWS or MIG (I&II) is a significant vertical of PMAY. The objective of this scheme is that everyone should have a pucca house by 2022. The Pradhan Mantri Awas Yojana is a Government initiated scheme in India which aims to offer affordable housing for the weaker sections. Pradhan Mantri Awas Yojana Eligibility To avail subsidy under Pradhan Mantri Awas Yojana CLSS scheme, the eligibility criteria are defined for Lower Income Group/Economically Weaker Section (EWS/LIG) and Middle Income Group (MIG – I & II) The Pradhan Mantri Awas Yojana introduced by the Government of India targets to provide housing for all by March, 2022. One of the key features of Pradhan Mantri Awas Yojana is its credit-linked subsidy scheme. The Pradhan Mantri Awas Yojana scheme launched by the Narendra Modi government to make housing accessible to all sections of the society at affordable rates. One of the major verticals of Pradhan Mantri Awas Yojana (PMAY) is Credit Linked Subsidy Scheme (CLSS) for Lower Income Group/Economically Weaker Section (EWS/LIG) and Middle Income Group (MIG – I & II). Pradhan Mantri Awas Yojana (Urban) pamphlet; EWS & LIG NEW (Loan Sanctioned on or after 01-01-2017) MIG – I (Loan Sanctioned on or after 01-01-2017) MIG – II (Loan Sanctioned on or after 01-01-2017) EWS & LIG OLD (Loan Sanctioned from 17-06-2015 to 31-12-2016) Amendments in Guidelines of PMAY(U) Mission dated 15 March 2018 ; Amendments in Guidelines of PMAY(U) Mission dated 12 … Pradhan Mantri Awas Yojana will be completed in three phases. The scheme aims to achieve its objective of “Housing for All” by 31 March 2022, the 150th birth anniversary year of Mahatma Gandhi, by constructing 20 million houses across the nation. It is a Credit Linked Subsidy Scheme (CLSS), which means beneficiaries under PMAY scheme are eligible for interest subsidy if they avail a loan to buy or construct a house. Pradhan Mantri Awas Yojana is a revolutionary social welfare scheme launched by the Government of India in 2015 which aims at providing affordable housing loans to millions of people in India.A large number of families can avail of the opportunity to purchase the house at a lower cost. The other three components are In Situ Slum Redevelopment, Beneficiary Led Construction and Affordable Housing in Partnership. It is a Credit Linked Subsidy Scheme (CLSS), which means beneficiaries under PMAY scheme are eligible for interest subsidy if they avail a loan to buy or construct a house. Pradhan Mantri Awas Yojana Eligibility To avail subsidy under Pradhan Mantri Awas Yojana CLSS scheme, the eligibility criteria are defined for Lower Income Group/Economically Weaker Section (EWS/LIG) and Middle Income Group (MIG – I & II) PMAY was launched in 2015 and will be executed in a phased manner across the country and the project is likely to be completed by 2022. Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme (PMAY-CLSS) is a scheme launched by our Honourable Prime Minister Shri Narendra Modi for customers belonging to Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG-I & MIG-II). Pradhan Mantri Awas Yojana (Urban) Ministry of Housing and Urban Affairs Nirman Bhawan, New Delhi-110011 +011-23060484, 011-23063285 HTTPS://mohua.gov.in

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