Opinion

Mid Income Group house buyers to benefit as Govt extends CLSS by 15 months
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
The Central Government's decision to extend the Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY)- Urban for the Middle Income Groups (MIG) by 15 months till March 2019, will help a large section of society have their own homes under the government's plan for housing for all by 2022. The scheme for the MIG section was to conclude in December 2017. Having realized that not many people got the opportunity to apply for housing loans under this scheme, the government thought it prudent to extend it further. Under this scheme, households in the annual income bracket of Rs 6 lakh to Rs 18 lakh can avail subsidy of upto 4%. Thus the interest burden will come down by a minimum Rs 2.30 lakh. Read More

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