kathiriyasubsidyhouse

  In a world where so many people dream of owning their own homes, Credit Linked Subsidy Scheme (CLSS) serves as a ray of hope. The CLSS was introduced by the Indian government under Pradhan Mantri Awas Yojana (PMAY) with the aim of making home loans more cost-effective for lower and middle-income groups. This is a comprehensive understanding of how it works and why it is vital in promoting affordable housing. What is the Credit Linked Subsidy Scheme? The credit linked subsidy scheme has been put up to provide economic help to persons who wish to buy or build houses. In this scheme, eligible beneficiaries get subsidies on their home loan interest rates thereby reducing the financial burden borne by them which makes loans cheaper and easier to access. The scheme primarily targets three categories of beneficiaries: Economically Weaker Sections (EWS) Lower Income Groups (LIG) Middle Income Groups (MIG) Each category has specific eligibility criteria and benefits under the scheme, e...