Credit Linked Subsidy Scheme,Eligibility And Online Application Process

Credit Linked Subsidy Scheme Online Apply 2020

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Hello friends ! Today, in this article, we will give you all the details of Eligibility, online apply, Subsidy in detail about Credit Linked Subsidy Scheme in Pradhan Mantri Awas Yojana. So read this article completely and if you like it, then share it.
Credit Linked Subsidy Scheme

Credit Linked Subsidy Scheme

Credit Linked Subsidy Scheme : Pradhan Mantri Awas Yojana was launched by Prime Minister Narendra Modi with the noble purpose of Housing for All. Pradhan Mantri Awas Yojana Urban is categorized into 4 different parts. Including Credit Linked Subsidy Scheme – CLSS, “In Situ” Slum Redevolution – (ISSR), Affordable Housing Partnership (AHP) and Beneficiary Lead Construction – (BLC).Today we will give detailed information about Credit Linked Subsidy Scheme in this article, which you will not get through any other medium.Credit Linked Subsidy Scheme

Pradhanmantri Awas Yojana Urban Full Details

About Of Credit Linked Subsidy Scheme

The government started the Credit Linked Subsidy Scheme 2017 for people with middle class income while living in the municipality Area. The purpose of this scheme was to encourage people for home loans so that they could buy their own house.

CLSS is divided into five parts.

No. Type Yearly Income Interest subsidy Loan repayment time Amount received Carpet Area Interest subsidy
Central State
1 EWS 3 Lakhs 6.5% 0 20 Years 6 Lakhs Upto 30 Sq.mt 9.00 %
2 LIG 3 Lakhs To 6 Lakhs 6.5% 0 20 Years 6 Lakhs upto 60 sq.mt 9.00 %
3 MIG-1 6 Lakhs To 12 Lakhs 4.0% 0 20 Years 9 Lakhs upto 90 sq.mt 9.00 %
4 MIG-2 12 Lakhs To 18 Lakhs 3.0% 0 20 Years 12 Lakhs upto 110 Sq.mt 9.00 %
5 MIG-3 18 Lakhs To 22.5 Lakhs 0 2.5% 20 Years 15 Lakhs up to 130 Sq.mt 9.00 %

Eligibility Of Credit Linked Subsidy Scheme

Under the Credit Linked Subsidy Scheme, the eligibility given below is necessary to avail the benefit of Sahay in loan interest.

  • The beneficiary should be a citizen of India.
  • The name of the beneficiary and his family should not have a permanent house anywhere in India.
  • Help should not be taken in any awas Yojana.

Benefits Under Credit Linked Subsidy Scheme 

For EWS Or LIG Beneficiarys :

Under the Credit Link Subsidy Scheme, EWS and LIG beneficiaries are eligible to get interest subsidy at the rate of 6.5% interest on loans up to 6 lakhs for a period up to 20 years. For loans above 6 lakhs, the normal rate of interest will be applicable.
Credit Linked Subsidy Scheme

Pradhanmantri Gramin Awas Yojana New List

For MIG-1 Beneficiarys :

Under the Credit Link Subsidy Scheme, the beneficiaries of MIG-1 are eligible to get interest subsidy at the rate of 4% interest on loans up to Rs 9 lakh for issues up to 20 years. For loans above 9 lakhs, the normal rate of interest will be applicable.

For MIG-2 Beneficiarys :

Under the Credit Link Subsidy Scheme, the beneficiaries of MIG-2 are eligible to get interest subsidy at the rate of 3% interest on loans up to Rs. 12 lakh for issues up to 20 years. For loans above 12 lakhs, the normal rate of interest will be applicable.

For MIG-3 Beneficiary :

Under the Credit Link Subsidy Scheme, the beneficiaries of MIG-3 are eligible to get interest subsidy at the rate of 2.5% interest by the state government on loans up to Rs.15 lakh for issues up to 20 years. For loans above 15 lakhs, the normal rate of interest will be applicable.

Credit Linked Subsidy Scheme Online Apply

If you want to take help in CLSS, you can apply online and get subsidy in it.

Follow the steps given below to apply online in the Credit Link Subsidy Scheme.

  • First of all, visit the official website of Pradhan Mantri Awas Yojana.
  • In the navigation menu, you click on For Slum Dwellers in the scroll option of Citizen Assessment.
  • Enter the Aadhaar card number and the name written in the Aadhaar card and click on the Check button.
  • A new page will open after clicking on the Check button.
  • Enter all the information that you have asked for in the new page. And enter captcha code and click save.
    Credit Linked Subsidy Scheme

Sukanya Samridhi Yojana New List 2020

  • Your application will be saved and you will get an application number, note it down.

Check Status For Credit Linked Subsidy Scheme

  • First of all, visit the official website of Pradhan Mantri Awas Yojana.
  • In the Navigation menu, click on Track Your Assessment Status in the scroll option of Citizen Assessment.
  • If you want to search by name, click on By Name, Father Name & Mobile No and if you want to search by Assessment Id then click on By Assessment Id.

Check Status By Name,Father Name & Mobile No

  • Select state, district and city.
  • Enter the name, father’s name and mobile number.
  • Click On Submite
  • The status of your application will appear in front of you.

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