Sponsered

Friday 25 November 2016

Credit Linked Subsidy Scheme - Application Forms | CLSS-PMAY

(CLSS) Credit Linked Subsidy Scheme Application Forms - Eligibility Criteria | CLSS Subsidy Scheme | Guidelines under Pradhan Mantri Awas Yojana

Credit Linked Subsidy Scheme (CLSS) is scheme to expand the flow of housing across the nations for needy urban people like EWS/LIG who are unable to buy or to construction house at their own. Credit Linked Subsidy Scheme will help them to construct a new house or repairing their old one.

Credit Linked Subsidy Scheme (CLSS)

Under CLSS-PMAY, beneficiaries from EWS (Economical Weaker Section, LIG (Lower Income Group) will be able to get housing loan from Banks, Housing Finance Companies and other Financing Institutions. And the housing loan will be provided at the interest subsidy rate of 6.5 percent for a tenure of 15 years or a lower period.

The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
CLSS-PMAY (Credit Linked Subsidy) will only be available on the loan amount of upto Rs. 6.0 lakh and bigger loans extended from amount Rs. 6.0 lakh will not be subsidized under the scheme.

The interest subsidy of credited amount will be directed transferred to the loan account through lending institutions which will further help in reducing effectiveness of housing loan and Equated Monthly Instalment (EMI).

Beneficiary can avail the benefits of Credit Linked Subsidy Scheme by taking a home loans for addition of rooms, kitchen, toilet etc. to existing houses and for increasing the area of their housing and acquiring a new house.

Under Credit Linked Subsidy, the carpet area of houses being constructed under the CLSS component of Pradhan Mantri Awas Yojana should be upto 30 square meter for EWS category and 60 square meter for LIG category, only then the beneficiary will be able to get benefit of subsidy under CLSS.

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.

Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) are selected as the Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the complete progress of the component. Ministry may notify other institutions as CNA in future.

Under the Mission, beneficiaries can take advantage under one component only.

Credit Linked Subsidy Scheme (CLSS) Toll-Free Helpline Numbers

NHB: 1800-11-3377 & 1800-11-3388
HUDCO: 1800-11-6163

List of Primary Lending Institutions (PLIs) who have signed the MoUs with Central Nodal Agencies (CNAs) as on 31-08-2016 can be download by following the link below:

Download List of Primary Lending Institutions 

Calculate Net Present Value (NPV) Subsidy by using the calculator linked below:

Calculate Net Present Value (NPV) Subsidy

Application Forms will be Available in the Primary Lending Institutions (PLIs) and the list of Primary Lending Institutions (PLIs) is available in the link above.

Information Source: http://www.mhupa.gov.in/User_Panel/UserView.aspx?TypeID=1499
Share:

0 comments:

Post a Comment

Find News by Housing Tags

housing-news government-housing-schemes new-housing-schemes lottery-draw-results housing-schemes-2017 affordable-housing-schemes residential-plots-schemes pm-awas-yojana new-housing-schemes-2017 pmay-hfa sarkari-yojana housing-ews-lig draw-results-2017 kda-kanpur huda-plot-scheme-2016 pmay-urban pradhan-mantri-awas-yojana kda-plot-scheme-2017 mhada-lottery-draw-list mhada-lottery-draw-result check-mhada-lottery-results huda-new-schemes mukhya-mantri-jan-awas-yojana new-flat-scheme-2016 pradhan-mantri-awas-yojana-gramin Mukhyamantri Gruh Yojana Draw Result huda-lottery-draw-results new-plot-scheme-2017 online-application-forms pmaymis-gov-in HUDA-ashiana-scheme-2016 bda-bangalore kda-kanpur-draw-results pmay-gramin uit-udaipur MHADA-Mill-workers-lottery-2016-17 huda-auction huda-plot-scheme-2017 mukhyamantri-awas-yojana-2017 upsidc upsidc-new-scheme-2017 ada-allahabad cidco-housing-schemes cidco-lottery huda-scheme-2017 mhada-lottery-2017 pmay-online-application upavp-schemes-2017 BPL-housing-scheme-2017 awas-yojana commercial-plot-scheme-2017 dda-flat-scheme-2016-17 draw-results-2016 uit-kota awas-vikas-parishad dda-housing-scheme-2017 huda-ashiana-scheme-2017 jda-new-scheme-2017 lig-housing-schemes mukhyamantri-jan-awas-yojana-lottery-result sarkari-yojana-list-2017 amc-pm-awas-yojana csc-centers-pm-awas-yojana hbh-new-schemes jda-jaipur jda-jaipur-new-scheme-2017 jda-jodhpur kda-flat-scheme-2017 kda-new-schemes-2017 lda-lucknow pm-awas-yojan-hindi uit-bikaner Awas Yojana in Hindi CIDCO-lottery-2016-draw-results Housing Schemes in Hindi amc-draw-result amc-pmay-draw-results cidco-lottery-2017 development-authorities-in-india gmada-schemes hbh-haryana huda-bpl-flat-draw jda-jodhpur-scheme-2017 noida-authority pm-awas-yojana-ahmedabad pm-awas-yojana-application-form-pdf pm-awas-yojana-rajasthan puda-punjab swarn-jayanti-vistar-yojana-lottery-result wbhidco-housing-projects wbhidco-news Flats-booking-2016-17 KDA-auction-2017 MHADA Pradhan Mantri Awas Yojana PM-awas-yojana-up government-employees-housing-scheme-2016-17 industrial-plot-schemes jda-flat-scheme-2017 mhada-nashik-lottery-2016-17 mmrda-rental-housing-scheme-2016 pmay-beneficiaries-list pmay-com pmay-draw-results pmay-home-loan pmay-raipur PMAY-j&k ada-ajmer ada-allahabad-new-scheme-2017 auda-ahmedabad bda-bhubaneswar biju-pucca-ghar-yojana glada himuda-flats-sale himuda-new-scheme-2016-17 huda-gurgaon-plot-scheme-2017 kda-commercial-plots narendra-mod-awas-yojana pm-awas-yojana-faridabad pm-awas-yojana-haryana pm-awas-yojana-jammu-kashmir pm-awas-yojana-raipur pm-awas-yojana-rajkot pm-awas-yojana-result pmay-chhattisgarh rajathan-government-schemes-2017 rhb-draw-results-2017 samajwadi-awas-yojana uit-ajmer yamuna-expressway-authority

Government Housing Schemes & Updates

Here you can get all updates and news of New Hosing Schemes 2016-17 and upcoming housing schemes 2017-18 launched of government development Authorities. You can also find sarkari yojana, PM Awas Yajana, updates like Start Date, Last Date, Online Registration, Online Application Forms, Payment Details, Eligibility Criteria, Download Brochure, Flats and Plots Schemes and other scheme guidelines etc.

Popular Housing Search Terms

New Housing Schemes 2017, Lottery Draw Result, Sarkari Yojana, Government Housing Schemes, Awas Yojana, Pradhan Mantri Awas Yojana, Online Application Form, Download Brochures, Registration Process, New Plot Scheme 2016-2017, New Flats Scheme 2016-2017, New Schemes, Eligibility Criteria, Application Forms, Online Application, Draw Result 2016-2017, Successful Applicants List, Housing Board, DDA Housing Scheme 2016-2017, DDA Draw Result 2016-2017, MHADA Lottery 2017- Cidco Lottery 2016-2017, Cidco Lottery Draw 2016-2017
Copyright © Latest News & Updates Today | Powered by Blogger Design by ronangelo | Blogger Theme by NewBloggerThemes.com