Raipur Municipal Corporation (RMC) on Tuesday held a workshop on 'Credit linked Subsidy Scheme' (ClSS) under Pradhan Mantri Awas Yojana (PMAY) here.
The officials informed that the ClSS will be available only for loan amounts upto Rs 6 lakhs and additional loans beyond Rs. 6 lakhs, if any, will be at non-subsidized rate.
The subsidy would be available for housing loans availed for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing.
The carpet area of houses being constructed under this component of the mission should be upto 30 square metres and 60 square metres for EWS and lIG, respectively in order to avail of this credit linked subsidy.The beneficiary, at his/her discretion, can build a house of larger area but interest subvention would be limited to first Rs. 6 lakh only.
Finance companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5% for EWS, In the lIG segment, an interest subsidy of 4%, for MIG-I and MIG-II, an interest subsidy of 3% would be eligible for finance companies, they further informed.