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Credit Linked Subsidy Scheme

CLSS Toll-Free Helpline Numbers

NHB: 1800-11-3377, 1800-11-3388
HUDCO: 1800-11-6163
SBI : 1800-11-2018

 

The Mission, in order to expand institutional credit flow to the housing needs of urban poor will implement credit linked subsidy component as a demand side intervention.

Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI). The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.

Credit Linked Subsidy Scheme for EWS/LIG

Beneficiaries of Economically Weaker section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5% for a tenure of 20* years or during tenure of loan whichever is lower.

The credit linked subsidy will be available only for loan amounts upto Rs 6 lakhs and additional loans beyond Rs. 6 lakhs, if any, will be at nonsubsidized rate. Credit linked subsidy would be available for housing loans availed for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing. The carpet area of houses being constructed under this component of the mission should be upto 30 square metres and 60 square metres for EWS and LIG, respectively in order to avail of this credit linked subsidy. The beneficiary, at his/her discretion, can build a house of larger area but interest subvention would be limited to first Rs. 6 lakh only.

Credit Linked Subsidy Scheme for MIG*

The CLSS for MIG covers two income segments in the MIG viz. Rs.6,00,001 to Rs.12,00,000 (MIG-I) and Rs.12,00,001 to Rs.18,00,000 (MIG-II) per annum. In the MIG-I, an interest subsidy of 4% has been provided for loan amounts up to Rs.9 lakh while in MIG-II, an interest subsidy of 3% has been provided for loan amount of Rs.12 lakh. The interest subsidy will be calculated at 9% NPV over a maximum loan tenure of 20 years or the actual tenure, whichever is lesser. Housing loans above Rs. 9 lakh and Rs. 12 lakh will be at non-subsidized rates.

CLSS for MIG will support acquisition/ construction of house (including re-purchase) of 160 square meters and 200 square meters carpet area as per income eligibility

National Housing Bank (NHB), Housing and Urban Development Corporation (HUDCO) and State Bank of India(SBI)  have been identified as Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the progress of this component. Ministry may notify other institutions as CNA in future.
Under the Mission, beneficiaries can take advantage under one component only.

For details, please refer to website section on Guidelines.

*with effect from 01.01.2017

CLSS Subsidy Calculator : https://pmayuclap.gov.in/content/html/Subsidy-Calc.html

List of PLIs who have signed MoUs with Central Nodal Agencies (CNAs)

 

Leaflets

  • CLSS- MIG- Leaflet Pdf
  • CLSS- EWS/LIG- Leaflet Pdf
  • AMENDMENTS APPROVED INPRADHAN MANTRI AWAS YOJANA (URBAN) – HOUSING FOR ALL MISSION GUIDELINES- June 2017 Pdf
  • Amendments in guidelines of Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (Urban) Mission Pdf
  • Credit Linked Subsidy- Clarification regarding issued on 19th December 2016 Pdf
  • Extension of time period of the Credit Linked Subsidy Scheme for Middle Income Group (CLSS for MIG) for a further period of One Year i.e. Upto 31.03.2020 Pdf
  • Extension of time of the Credit Linked Subsidy Scheme for Middle Income Group (CLSS for MIG) by 15 months beyond the approved one year period i.e. Upto 31.03.2019 Pdf
  •     Minutes of Various CSMCs and review meetings


    SL No. Date Minutes of CSMC
    1 2018-07-31 Minutes of the fourth meeting of the Committee on Monitoring of Credit Linked Subsidy Scheme (CLSS) for Housing for All (Urban) Mission of Pradhan Mantri Awas Yojana (PMAY)-reg. Pdf
    2 2017-06-15 Minutes of the Third meeting of the Committee on Monitoring the Credit Linked Subsidy Scheme (CLSS) for Housing for All (Urban) Mission of Pradhan Mantri Awas Yajana (PMAY)- reg. Pdf
    3 2016-06-03 Minutes of the Second meeting of the Committee on Monitoring the Credit Linked Subsidy Scheme (CLSS) for Housing for All (Urban) Mission of Pradhan Mantri Awas Yajana (PMAY) Pdf
    4 2015-09-08 Minutes of the first meeting of the Committee on Monitoring the Credit Linked Subsidy Scheme (CLSS) for Housing for All (Urban) Mission of Pradhan Mantri Awas Yajana (PMAY) Pdf

    SL No. Date Minutes of Review
    1 2019-06-06 Minutes of the review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana - (Urban) Mission- reg Pdf
    2 2018-07-10 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    3 2018-05-11 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    4 2018-04-10 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    5 2018-03-07 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    6 2018-01-17 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    7 2017-11-23 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    8 2017-10-12 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    9 2017-09-21 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    10 2017-08-17 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    11 2017-07-27 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    12 2017-07-21 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    13 2017-07-13 Minutes of review meeting on Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yajana- Housing for All (Urban) Mission- reg. Pdf
    14 2017-05-18 Review meeting on CLSS with CNAs on 18th May, 2017 by Secretary (HUPA). Pdf
    15 2017-04-05 Review meeting on CLSS with CNAs on 5th April, 2017 by Secretary (HUPA). Pdf
    16 2017-03-15 Review meeting on CLSS with CNAs on 15th March, 2017 by Secretary (HUPA). Pdf
    17 2017-02-23 Review meeting on CLSS with CNAs on 23rd February 2017 by Secretary (HUPA). Pdf
    18 2016-12-01 Review meeting on CLSS with CNAs on 1st December, 2016 by Secretary (HUPA). Pdf
    19 2016-10-20 Review meeting on CLSS with CNAs on 20th Oct, 2016 by Secretary (HUPA). Pdf
    20 2016-10-05 Review meeting on CLSS with NHB and HUDCO on 5th October, 2016 by Secretary (HUPA). Pdf
    21 2016-09-21 Review meeting on CLSS with NHB and HUDCO on 21st September 2016 by Secretary (HUPA). Pdf
    22 2016-08-09 Review meeting on CLSS with NHB and HUDCO on 9th August, 2016 by Secretary (HUPA). Pdf
    23 2016-07-17 Minutes of the review meeting for CLSS with all States/UTs held on 17th June 2016 at Jacaranda Hall, India Habitat Center, Lodhi Road, New Delhi. Pdf

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