₹12,000-cr subsidy released to home buyers

₹12,000-cr subsidy released to home buyers
02/05/2019 , by , in News/Views

Subsidy of over ₹12,000 crore has been disbursed to home buyers till March under the government’s Credit Linked Subsidy Scheme, the Union Housing and Urban Affairs Ministry has said in reply to an RTI query.

The Pradhan MantriAwasYojana (Urban) aims to ensure “housing for all by 2022” by providing financial assistance to beneficiaries. Under the Credit Linked Subsidy Scheme (CLSS), the Centre provides interest subsidy of up to around ₹2.67 lakh on home loans to individuals, which reduces the principal outstanding amount of the loan.

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