Credit Linked Subsidy Scheme (CLSS) under PMAY

iAbout This Scheme

CLSS provides upfront interest subsidy on home loans to EWS, LIG, and MIG beneficiaries for purchase, construction, or enhancement of houses. The net present value of subsidy is credited upfront to the loan account by National Housing Bank (NHB) or HUDCO, reducing EMI burden significantly.

🎁Key Benefits

• EWS/LIG: 6.5% interest subsidy on loan up to ₹6 lakh (NPV ₹2.67 lakh)
• MIG I: 4% subsidy on loan up to ₹9 lakh (NPV ₹2.35 lakh)
• MIG II: 3% subsidy on loan up to ₹12 lakh (NPV ₹2.30 lakh)
• Subsidy credited upfront to reduce principal; reduces EMI
• House must be in name of woman member/jointly for EWS/LIG

✅Eligibility Criteria

• 1
  First-time home buyer/beneficiary family should not own pucca house
• 2
  Loan from scheduled commercial bank, HFC, MFI, or cooperative bank
• 3
  House carpet area: EWS 30 sqm; LIG 60 sqm; MIG I 120 sqm; MIG II 150 sqm

📝How to Apply

❓Frequently Asked Questions