Here are key things to know about Govts credit linked interest subsidy scheme on housing loans
The government has recently launched guidelines on Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (Urban) for middle-income groups which are set to bring down EMIs down on housing loans for buyers by over Rs 2,000 per month.
The government on Wednesday released operational guidelines on Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (Urban) for middle-income groups which will bring down equated monthly installments (EMIs) on housing loans for buyers in urban areas.
Prime minister Narendra Modi had announced the Credit Linked Subsidy Scheme (CLSS) for Middle Income Group (MIG) on December 31 last year, PTI reported.
The scheme has been effective from January 1 this year and it set to lower EMIs on housing loans by over Rs 2,000 per month.
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"EMIs for Middle Income Group beneficiaries under the scheme will lower the repayment burden by over Rs 2,000 per month," PTI reported quoting National Housing Bank managing director and chief executive officer Sriram Kalyanaraman, as saying.
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