Middle-class home buyers get clarity to avail loan subsidy under Pradhan Mantri Awas Yojna – ET RealEstate

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Pradhan Mantri Awas Yojana Housing Scheme For All – ICIC Bank offers Credit Linked Subsidy Scheme (CLSS) on home loans for all urbans, Lower (EWS/LIG) & Middle Income Group (MIG – I & II) families under Pradhan Mantri Awas Yojana.

Pradhan Mantri Awas Yojana Guidelines for income Rs. 3 – 6 Lakhs Updated on December 18, 2018 6 mins read Updated: January 2018 Avail interest subsidy up to 2.67 Lakhs under PMAY – CLSS for EWS and LIG income group.

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Middle-class home buyers get clarity to avail loan subsidy under Pradhan Mantri awas yojna. interest subsidy will be provided on home loans for construction or purchase of house with carpet area of 90 square meters by those earning up to Rs 12 lakh per annum and of 110 sqm by those earning up to Rs 18 lakh per year.

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The credit linked subsidy scheme (CLSS) on home loans under the Pradhan Mantri Awas Yojana has been extended till March 2019. ET Wealth did some number crunching to assess the impact of the subsidy on home loan equated monthly instalments (emis). Find out if the lower interest rate has brought your dream house closer to realisation.

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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.

Govt. of India added more benefits for the poor people to its housing scheme called the Pradhan Mantri Awas Yojana (PMAY) such as loan amount and subsidy increased with less EMI.