Organisation : Ministry of Housing and Urban Affairs
Scheme Name : Credit Linked Subsidy Scheme for EWS/LIG
Applicable States/ UTs : All Over India
Home Page : http://mhupa.gov.in/Default.aspx?ReturnUrl=%2f
Details Here : https://www.statusin.in/uploads/36174-CLSS.pdf
MHUPA Credit Linked Subsidy Scheme
A beneficiary family will comprise husband, wife and unmarried children. 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.
Related : DAY-NULM Scheme Deendayal Antyodaya Yojana National Urban Livelihoods Mission : www.statusin.in/36168.html
Scope
1.1 “Pradhan Mantri Awas Yojana (Urban) – Housing for All” Mission for urban area is being implemented during 2015-2022 and this Mission will provide central assistance to implementing agencies through States and UTs for providing houses to all eligible families/ beneficiaries by 2022.
1.2 Pradhan Mantri Awas Yojana (Urban) [PMAY (U)] – Housing for All Mission will be implemented as Centrally Sponsored Scheme (CSS) except for the component of credit linked subsidy which will be implemented as a Central Sector Scheme.
1.3 A beneficiary family will comprise husband, wife, unmarried sons and/or unmarried daughters. The beneficiary family should not own a pucca house either in his/her name or in the name of any member of his/her family in any part of India to be eligible to receive central assistance under the Mission.
1.4 A beneficiary family will be eligible for availing only a single benefit under any of the existing options i.e. slum redevelopment with private partner, credit linked subsidy, direct subsidy to individual beneficiary and affordable housing in partnership, as detailed in PMAY (U) guidelines.
1.5 Mission with all its components has become effective from the date 17.06.2015 and will be implemented upto 31.03.2022.
Coverage and Duration
2.1 All Statutory Towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.
Note : States/UTs will have the flexibility to include in the Mission the Planning area as notified with respect to the Statutory Town and which surrounds the concerned municipal area.
2.2 Urban Local Bodies should ensure that individual houses under credit linked interest subsidy should have provision for basic civic services like water, sanitation, sewerage, road, electricity etc.
2.3 The minimum size of houses constructed under the Mission under each component should conform to the standards provided in National Building Code (NBC). All houses built or expanded under the Mission should essentially have toilet facility.
2.4 The houses under the Mission should be designed and constructed to meet the requirements of structural safety against earthquake, flood, cyclone, landslides etc. conforming to the National Building Code and other relevant Bureau of Indian Standards (BIS) codes.
2.5 The houses constructed/acquired with central assistance under the Mission should be in the name of the female head of the household or in the joint name of the male head of the household and his wife, and only in cases when there is no adult female member in the family, the house can be in the name of male member of the household.
Scheme Details
The Mission, in order to expand institutional credit flow to the housing needs of urban poor will implement credit linked subsidy component as a demand side intervention.
Credit linked subsidy will be provided on home loans taken by eligible urban poor (EWS/LIG) for acquisition, construction of house.
Beneficiaries of Economically Weaker section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5 % for a tenure of 201 years or during tenure of loan whichever is lower. The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
Frequently Asked Questions
1. Who are the nodal agencies who will be operating or responsible for disbursal of the subsidy under CLSS?
HUDCO and NHB have been identified as Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the progress of this component. Ministry may notify other Institutions as CNA in future.
2. Whether PLIs need to enter into any MoUs with CNAs for claiming subsidies?
Yes, PLIs need to enter into MoUs with one of the CNAs so as to claim benefit under CLSS
3. Will any preferential treatment to given to beneficiaries proposed for Affordable Housing through Credit Linked Subsidy scheme?
Preference under the Scheme will be given to Manual Scavengers, Women (with overriding preference to widows), persons belonging to Scheduled Castes/ Scheduled Tribes/ Other Backward Classes, Minorities, Persons with disabilities and Transgenders subject to beneficiaries being from EWS / LIG segments.