Government of India
Government of India
(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/- |
|
