Credit Linked Subsidy Scheme (CLSS)

CLSS

(Credit Linked Subsidy Scheme)

• A Central Sector Scheme

• Interest subvention on home loans taken by eligible urban poor (EWS/LIG) for acquisition, construction or enhancement of house

• For the first time, Middle Income Group (MIG) has been included for a housing scheme in the country.

• Validity of scheme till 31st March 2020

Particulars

EWS

LIG

MIG I

MIG II

Household Income (Rs.)

Upto 3 Lakh

3-6 Lakh

6-12 lakh

12-18 Lakh

Carpet Area in sqm

 30

 60

 160

 200

Interest Subsidy (% p.a.)

6.5%

4.0%

3.0%

Maximum Loan Tenure

20 Years

Eligible Loan Amount (Rs)

 6,00,000/-

9,00,000/-

12,00,000/-

Discounted NPV Rate

 9%

Upfront amount for Subsidy (Rs.) for a 20 Year Loan

 2,67,280/-

 2,35,068/-

 2,30,156/-

Approx. monthly savings @ Loan Interest of 10%

2,500/-

 2,250/-

2,200/-

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