Pradhan Mantri Awas Yojna - Credit Linked Subsidy Scheme

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Credit Linked Subsidy Scheme (CLSS) of Housing Loans for Urban Poor

As a part of the implementation of Pradhan Mantri Awas Yojana (PMAY), Ministry of Housing and Poverty Alleviation, Govt. of India (GoI) has designed a Housing Loan scheme which caters to the financial requirements of beneficiaries. “Credit Linked subsidy scheme (CLSS)” is one of the pillars of the PMAY which aims at increasing the affordability of homes for target groups i.e Economically Weaker Section (EWS) and Low Income Group (LIG) and Middle Income Group (MIG) by granting interest subsidies for home loans.

How it works for beneficiary?

The quantum of interest subsidy would be paid upfront by the Govt. for crediting the same to the loan account of the beneficiaries in order to lower the EMI burden of the eligible borrowers.

PMAY CLSS Scheme Types