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Non-Industrial Subsidy

Credit Linked Subsidy Scheme (CLSS) – PMAY(U)

The Pradhan Mantri Awas Yojana (Urban)– Housing for All” Mission for urban with all its components has become effective from the date 17.06.2015 and will be implemented upto 31.03.2022.

A beneficiary family will comprise of husband, wife, unmarried sons and/or unmarried daughters.
The beneficiary family should not own a pucca house [(an all-weather dwelling unit)] either in his/
her name or in the name of any member of his/her family in any part of India. […]

EWS/LIG

Features of Credit Linked Subsidy Scheme for EWS/LIG at a Glance

Sl	Details	EWS	LIG
1	Household Annual Income (Rs.)	-	-
	Min.	0	300,001
	Max.	300,000	600,000
2	Income Proof for Claiming Subsidy	Self declaration
3	Property Carpet Area (sq.m.) Upto	30	60
4	Property Location	All Statutory Towns as per Census 2011 and towns notified subsequently
5	Applicability of No Pucca House	Not for renovation/upgradation
6	Woman Ownership/Co-ownership	Not for existing property. Required for new acquisition.
7	Due Diligence Process	As per the process of the Primary Lending Institution
8	Eligible Loan Amount	As per the policy applied by the Primary Lending Institution
9	Identity Proof	Aadhaar No.
10	Housing Loan Sanction and Disbursement Period
	From	17.06.2015
	To	31.03.2022
11	Interest Subsidy Eligibilities
I.	Loan Amount (Rs.) Min.	0	0
II.	Loan Amount (Rs.) Max.	600,000	600,000
III.	Loan Tenure (Years)* Max.	20	20
IV.	Interest Subsidy (% p.a.)	6.5	6.5
V.	NPV Discount Rate (%)	9	9
VI.	Max. Interest Subsidy Amount (Rs.)	267,280	267,280
12	Loan Category at the time of crediting the subsidy	Standard Asset
13	Lumpsum amount paid per sanctioned Housing Loan application (Rs.)*	3,000	3,000
14	Quality of House/Flat Construction	National Building Code, BIS Codes and as per NDMA Guidelines adopted
15	Approvals for the Building Design	Compulsory
16	Basic Civic Infrastructure (water, sanitation, sewerage, road, electricity etc.)	Compulsory
17	Monitoring and Reporting the Completion of Property Construction	Responsibility of the Primary Lending Institution
18	Default Repayment of Loan	Recover and Pay back subsidy to CNA on proportionate basis
19	Data Submission & Accuracy, and Record Keeping & Maintenance	Responsibility of the Primary Lending Institution

Note: Data submission for claim/refund to CNA will be only through on-line portal, to promote digital transactions.

MIG

Features of Credit Linked Subsidy Scheme for MIG-I/MIG-II at a Glance

Sl	Details	MIG 1	MIG 2
1	Household Annual Income (Rs.)	-	-
	Min.	600,001	1,200,001
	Max.	1,200,000	1,800,000
2	Income Proof for Claiming Subsidy	Self declaration
3	Property Carpet Area (sq.m.) Upto	160	200
4	Property Location	All Statutory Towns as per Census 2011 and towns notified subsequently
5	Applicability of No Pucca House	Yes
6	Woman Ownership/Co-ownership	No
7	Due Diligence Process	As per the process of the Primary Lending Institution
8	Eligible Loan Amount	As per the policy applied by the Primary Lending Institution
9	Identity Proof	Aadhaar No.
10	Housing Loan Sanction and Disbursement Period
	From	1.01. 2017
	To	31.03.2021
11	Interest Subsidy Eligibilities
I.	Loan Amount (Rs.) Min.	0	0
II.	Loan Amount (Rs.) Max.	900,000	1,200,000
III.	Loan Tenure (Years)* Max.	20	20
IV.	Interest Subsidy (% p.a.)	4	3
V.	NPV Discount Rate (%)	9	9
VI.	Max. Interest Subsidy Amount (Rs.)	235,068	230,156
12	Loan Category at the time of crediting the subsidy	Standard Asset
13	Lumpsum amount paid per sanctioned Housing Loan application (Rs.)*	2,000	2,000
14	Quality of House/Flat Construction	National Building Code, BIS Codes and as per NDMA Guidelines adopted
15	Approvals for the Building Design	Compulsory
16	Basic Civic Infrastructure (water, sanitation, sewerage, road, electricity etc.)	Compulsory
17	Monitoring and Reporting the Completion of Property Construction	Responsibility of the Primary Lending Institution
18	Default Repayment of Loan	Recover and Pay back subsidy to CNA on proportionate basis
19	Data Submission & Accuracy, and Record Keeping & Maintenance	Responsibility of the Primary Lending Institution

Note: Data submission for claim/refund to CNA will be only through on-line portal, to promote digital transactions.

EWS/LIG

Features of Credit Linked Subsidy Scheme for EWS/LIG at a Glance

Sl	Details	EWS	LIG
1	Household Annual Income (Rs.)	–	–
	Min.	0	300,001
	Max.	300,000	600,000
2	Income Proof for Claiming Subsidy	Self declaration
3	Property Carpet Area (sq.m.) Upto	30	60
4	Property Location	All Statutory Towns as per Census 2011 and towns notified subsequently
5	Applicability of No Pucca House	Not for renovation/upgradation
6	Woman Ownership/Co-ownership	Not for existing property. Required for new acquisition.
7	Due Diligence Process	As per the process of the Primary Lending Institution
8	Eligible Loan Amount	As per the policy applied by the Primary Lending Institution
9	Identity Proof	Aadhaar No.
10	Housing Loan Sanction and Disbursement Period
	From	17.06.2015
	To	31.03.2022
11	Interest Subsidy Eligibilities
I.	Loan Amount (Rs.) Min.	0	0
II.	Loan Amount (Rs.) Max.	600,000	600,000
III.	Loan Tenure (Years)* Max.	20	20
IV.	Interest Subsidy (% p.a.)	6.5	6.5
V.	NPV Discount Rate (%)	9	9
VI.	Max. Interest Subsidy Amount (Rs.)	267,280	267,280
12	Loan Category at the time of crediting the subsidy	Standard Asset
13	Lumpsum amount paid per sanctioned Housing Loan application (Rs.)*	3,000	3,000
14	Quality of House/Flat Construction	National Building Code, BIS Codes and as per NDMA Guidelines adopted
15	Approvals for the Building Design	Compulsory
16	Basic Civic Infrastructure (water, sanitation, sewerage, road, electricity etc.)	Compulsory
17	Monitoring and Reporting the Completion of Property Construction	Responsibility of the Primary Lending Institution
18	Default Repayment of Loan	Recover and Pay back subsidy to CNA on proportionate basis
19	Data Submission & Accuracy, and Record Keeping & Maintenance	Responsibility of the Primary Lending Institution

Note: Data submission for claim/refund to CNA will be only through on-line portal, to promote digital transactions.

MIG

Features of Credit Linked Subsidy Scheme for MIG-I/MIG-II at a Glance

Sl	Details	MIG 1	MIG 2
1	Household Annual Income (Rs.)	–	–
	Min.	600,001	1,200,001
	Max.	1,200,000	1,800,000
2	Income Proof for Claiming Subsidy	Self declaration
3	Property Carpet Area (sq.m.) Upto	160	200
4	Property Location	All Statutory Towns as per Census 2011 and towns notified subsequently
5	Applicability of No Pucca House	Yes
6	Woman Ownership/Co-ownership	No
7	Due Diligence Process	As per the process of the Primary Lending Institution
8	Eligible Loan Amount	As per the policy applied by the Primary Lending Institution
9	Identity Proof	Aadhaar No.
10	Housing Loan Sanction and Disbursement Period
	From	1.01. 2017
	To	31.03.2021
11	Interest Subsidy Eligibilities
I.	Loan Amount (Rs.) Min.	0	0
II.	Loan Amount (Rs.) Max.	900,000	1,200,000
III.	Loan Tenure (Years)* Max.	20	20
IV.	Interest Subsidy (% p.a.)	4	3
V.	NPV Discount Rate (%)	9	9
VI.	Max. Interest Subsidy Amount (Rs.)	235,068	230,156
12	Loan Category at the time of crediting the subsidy	Standard Asset
13	Lumpsum amount paid per sanctioned Housing Loan application (Rs.)*	2,000	2,000
14	Quality of House/Flat Construction	National Building Code, BIS Codes and as per NDMA Guidelines adopted
15	Approvals for the Building Design	Compulsory
16	Basic Civic Infrastructure (water, sanitation, sewerage, road, electricity etc.)	Compulsory
17	Monitoring and Reporting the Completion of Property Construction	Responsibility of the Primary Lending Institution
18	Default Repayment of Loan	Recover and Pay back subsidy to CNA on proportionate basis
19	Data Submission & Accuracy, and Record Keeping & Maintenance	Responsibility of the Primary Lending Institution