Central government offers subsidy in interest for the amount of Rs 3 lakh to Rs 18 lakh under its ambitious scheme ‘Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme’. The maximum benefit of this scheme will be given to the MIG and BPL families. It is divided into different categories and the subsidy given will also be divided.
The PMAY Credit Linked Subsidy Scheme provides subsidy on home loans for EWS and LIG categories under the central government’s ambitious scheme Pradhan Mantri Awas Yojana.
Uttar Pradesh Housing and Development Council has added a total of 2460 flats of different schemes under the PM Awas yojana in Ghaziabad division. In addition to the Mandla circle shelter, apart from Siddha, Ganga, Hindan and Yamuna Yojna under Siddhartha Vihar Yojna, apart from Shikhar Enclave, Brahmaputra Yojna and EWS flats in Vasundhara Sector-4C are included.
PM Awas Yojana Credit Linked Subsidy Scheme
The PM Awas Yojana Credit Linked Subsidy Scheme provides subsidy on home loans for EWS and LIG categories under Pradhan Mantri Awas Yojana. The scheme was announced by our Honourable Prime Minister Narendra Modi and envisages the vision of housing for all by the year 2022.
PMAY Credit Linked Subsidy Scheme (CLSS)
PM Awas Yojana (Urban), an ambitious program of the Indian Government is providing subsidy on home loans to Middle Income Group (MIG) other than Economically Weaker Section (EWS) & Low Income Groups (LIG) under the Credit Linked Subsidy Scheme (CLSS). Under CLSS for MIG, housing loan subsidy of up to Rs. 2.30 Lakh is being provided on home loans taken in 2017 by the people belonging to MIG Section of the society.