What is CLSS?

Ministry of Housing and Urban Poverty Alleviation (MoHUPA) is providing first-time home buyers an interest subsidy on home loans for acquisition/construction of houses (including re-purchase). Credit Linked Subsidy Scheme (CLSS) is a scheme under Pradhan Mantri Awas Yojana (PMAY) which was earlier catering to Economically Weaker Section (EWS) and Lower Income Group (LIG) only. This scheme has been extended to Middle Income Group (MIG) in the financial budget 2017-18.

Scheme Details

  • Income Group
  • Eligibility Household Income (Rs)
  • Interest Subsidy (%)
  • EWS

  • Up to Rs. 3,00,000

  • 6.50%

  • LIG

  • Rs. 3,00,001 to Rs. 6,00,000

  • 6.50%

  • MIG 1

  • Rs. 6,00,001 to Rs. 12,00,000

  • 4.00%

  • MIG 2

  • Rs. 12,00,001 to Rs. 18,00,000

  • 3.00%

Eligibility & Beneficiaries

Beneficiary family will comprise of husband, wife and unmarried children. (An adult earning member irrespective of marital status can be treated as a separate household in MIG category.)

The beneficiary family should not own a pucca house (all-weather dwelling units) either in his/her name or in the name of any member of his/her family in any part of India.*

In case of married couple, either of the spouses or both together in joint ownership will be eligible for a single subsidy.

The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any other scheme in PMAY.

The scheme will cover 4041 statutory towns as per Census 2011. The list is available on www.nhb.org.in.

Purpose of loan and maximum carpet area

  • Income Group
  • Loan Purpose
  • Max Carpet Area (sq m)
  • EWS

  • Purchase/Self Construction/Extension

  • 30

  • LIG

  • Purchase/Self Construction/Extension

  • 60

  • MIG 1

  • Purchase/Self Construction

  • 90

  • MIG 2

  • Purchase/Self Construction

  • 110

Application of scheme on existing home loans and validity of scheme

  • Income Group
  • Home Loan Sanctioned On & After
  • Validity of scheme
  • EWS

  • 17/06/2015

  • 31/03/2022

  • LIG

  • 17/06/2015

  • 31/03/2022

  • MIG 1

  • 01/01/2017

  • 31/12/2017

  • MIG 2

  • 01/01/2017

  • 31/12/2017

Implementation

  • Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions (PLIs).
  • Preference shall be given to women (with overriding preference to widows, single working women), persons belonging to Scheduled Castes/Scheduled Tribes/other backward classes, persons with disabilities and transgenders.

Note: Assessment of your eligibility to avail the benefits of CLSS is at the sole discretion of the Government of India. Contents herein are parameters outlined under the scheme for assessment of entitlement.

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