Gold Loan

Gold Coin

Money Transfer

Foreign Exchange

ATM

Mutual fund

Housing Finance

Insurance

Travel Services

Personal Loan

Foreign Exchange

Housing Finance



Pradhan Mantri Awas Yojana


Pradhan Mantri Awas Yojana

With the vision of providing housing for all Indians, the Ministry of Housing and Urban Poverty Alleviation, in 2015, introduced an interest subsidy scheme called the Credit Linked Subsidy Scheme. This scheme under the Pradhan Mantri Awas Yojana provides housing solutions across purchase, construction, extension, improvement of a home to cater to the Economical Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG), driven by the projected growth of urbanisation and consequent housing demands of India.

To avail subsidy under Pradhan Mantri Awas Yojana CLSS scheme, the eligibility criteria are defined for Lower Income Group/Economically Weaker Section (EWS/LIG) and Middle Income Group (MIG – I & II)

Eligibility

  1. The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.
  2. In case of married couple, either of or both spouses together in joint ownership will be eligible for a single subsidy.
  3. In case of married couple, either of or both spouses together in joint ownership will be eligible for a single subsidy.

Beneficiary

The beneficiary family will comprise husband, wife and unmarried children. (An adult earning member irrespective of marital status can be treated as a separate household in MIG category)

Coverage

All statutory towns as per Census 2011 and towns notified subsequently, including planning area as notified with respect to statutory town.

Scheme Details

CLSS Scheme Type Eligibility Household Income(Rs.) Carpet Area- Max (sqm) Interest Subsidy (%) Subsidy calculated on a max loan of Loan Purpose
EWS and LIG 60 sqm 6.50 % Rs. 6,00,000 Purchase/Self Construction
Upto Rs. 6,00,000
MIG 1 ** Rs.6,00,001 to
Rs. 12,00,000
90 sqm 4.00 % Rs. 9,00,000 Purchase/Self Construction
MIG 2 ** Rs. 12,00,001 to Rs. 18,00,000 110 sqm 3.00 % Rs. 12,00,000 Purchase/Self Construction