Credit Linked Subsidy Scheme (CLSS)

Credit Linked Subsidy Scheme (CLSS):

 Interest Subsidy up to Rs.2.67 lakh per house is admissible for beneficiaries of Economically Weaker Section (EWS) [annual household income upto Rs.3 lakh]/ Low Income Group (LIG) [annual household income exceeding Rs.3 lakh and upto Rs.6 lakh], Middle Income Group I (MIG-I) [annual household income exceeding Rs.6 lakh and upto Rs.12 lakh] and Middle Income Group II (MIG-II) [annual household income exceeding Rs.12 lakh and upto Rs.18 lakh] seeking housing loans from Banks, Housing Finance Companies (HFCs) and other such institutions for acquiring/ constructing houses. The interest subsidies of 6.5%, 4% and 3% on loan amounts up to Rs.6 lakh, Rs.9 lakh and Rs.12 lakh are admissible for house with carpet area of up to 60 m2, 160 m2 and 200 m2 for Economically Weaker Section (EWS) /LIG, MIG I and MIG II respectively. The scheme for MIG category was initially valid up to 31st March, 2019 which has been now extended up to 31st March, 2020. The benefit for Economically Weaker Section (EWS)/LIG beneficiaries under CLSS works out to as high as Rs.6 lakh over a loan period of 20 years.

CLSS has been discontinued by Ministry of Housing And Urban Affairs (MoHUA) on 31^st March 2022.