[Housing Portal] Credit Linked Subsidy Scheme

Credit Linked Subsidy Scheme CLSS, Credit Linked Subsidy Scheme Online Application Form, Housing Scheme-CLSS loan subsidy, Credit Linked Subsidy Scheme Status, Credit Linked Subsidy Scheme in Hindi


The government announced a major relief package for the housing sector. It could kill the housing sector. The government made arrangements to bring in an investment of Rs. 70,000 crores in the housing sector. It extended the Credit Linked Subsidy Scheme (CLSS) to middle-income groups.

Finance Minister Nirmala Sitaraman announced, that it is part of the Rs 20 lakh crore relief package. Prime Minister Narendra Modi announced this on Tuesday. The government gives Mahapakage details daily. Financial assistance to all sectors of the economy is provided under this package. Its purpose is to make the country self-reliant.

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CLSS Tracker at CLAP Portal

The Credit Linked Subsidy Scheme focuses on providing subsidies to these people. Those who fall under the Economic Vice President (EWS), Low Income Group (LIG), and Middle Income Group (MIG). The CLSS was introduced to promote affordable housing for all.

According to PMAY, it is expected to become a reality by the end of 2022. Housing for All will be a modest act by 2022 and the government has proposed that the initiative be implemented through a Credit Linked Subsidy Scheme which should be achieved by the end of 2022.

What is Next:

  • Application ID Generated
  • Due Diligence by PLI
  • Subsidy Claim Approved
  • Subsidy released to PLI
  • Claim uploaded on Central Nodal Agency Portal

The person will not have to go to the banks to check the status of his request for a CLSS subsidy amount. CLAP will send the status of the CLSS benefit subsidy application to the borrower as well as the PLI to its mobile phone number registered in the CLAP portal.

Credit Linked Subsidy Scheme

  • Interest concessions are granted to borrowers from various lending institutions under the Prime Minister’s Loan Scheme (PMAY).
  • To provide affordable housing finance for individuals, about 70 banking and non-banking institutions including housing finance companies, microfinance banks, regional rural banks, and scheduled commercial banks have collaborated with the National Housing Bank (NHB).

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  • The maximum loan amount granted by CLSS is 20 years and subsidy can be availed with a maximum loan limit of 6 lakh.
  • Many housing finance companies and other related institutions will be eligible for an interest subsidy at a rate of 6.50% for 20 years or during the loan period, whichever is lower.

CLSS Eligibility for PMAY-U Home Loan

Eligibility for a housing loan under the CLAY PMAY-U Housing Plan component is as follows:

CategoryEconomically Weaker Sections (EWS)Low Income Group (LIG)Medium Income Group I (MIG-I)Medium Income Group II (MIG-II)
Annual Household IncomeUp to Rs 3 lakhRs 3 to 6 lakhRs 6 to 12 lakh12 lakh to 18 Lakh
Minimum Carpet Area (sq.mt)60 sq.mt60 sq.mt160 sq.mt200 sq.mt
Reduction in EMI per monthRs. 2500Rs. 2500Rs. 2250Rs. 2200
Overall Savings (INR)More than 6 lakhM/T  6 lakhMore than 5.4 lakhMore than 5.3 lakh

MIG’s Credit linked subsidy scheme (MIC)

The MIG CLSS information is listed below.

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CategoryMIG 1 (Middle Income Group)MIG 2 (Middle Income Group)
Annual Income LimitBetween Rs. 6 Lakhs – Rs. 12 LakhsBetween Rs. 12 Lakhs – Rs. 18 Lakhs
House Size160 Sq. Mtr.200 Sq. Mtr.
Interest Subsidy4%3%
Loan Limit for SubsidyRs. 9 LakhsRs. 12 Lakhs
Subsidy’s Period20 years or loan tenure, whichever is less20 years or loan tenure, whichever is less

MIG CLSS Facts and Features

The facts and features of CLSS for MIG are as follows.

  • 1st Salary Bracket:- A 4% interest subsidy on home loans up to Rs 9 can be availed.
  • 2nd Salary Bracket:- You can use a 3% interest subsidy on home loans up to Rs. 12 lahks. The maximum subsidy amount is 2.35 lakh, which can be used.

Apply for a Credit linked subsidy scheme

Applicants eligible for interest subsidy under CLSS LIG / EWS / MIG must apply directly to the major lending institutions (PLIs). After proper verification of the requests, the PLI will approve the loan and subsequently claim subsidy from the central agencies (CNAs).

Credit Linked Subsidy Scheme for MIG

The CLSS for MIG covers two income segments in the MIG viz. Rs.6,00,001 to Rs.12,00,000 (MIG-I) and Rs.12,00,001 to Rs.18,00,000 (MIG-II) per annum. In MIG-I, an interest subsidy of 4% has been provided for loan amounts up to Rs.9 lakh while in MIG-II, an interest subsidy of 3% has been provided for loan amounts up to Rs.12 lakh. The interest subsidy is calculated at 9% NPV over a maximum loan tenure of 20 years or the actual tenure, whichever is lower. Housing loans above Rs.9 lakh and Rs.12 lakh will be at non-subsidized rates. CLSS for MIG will support the acquisition/ construction of a house (including re-purchase) of 160 m2 for MIG-I and 200 m2 carpet area for MIG-II as per income eligibility.

Central Nodal Agencies and their Roles

MoHUA has identified the Housing and Urban Development Corporation (HUDCO), National Housing Bank (NHB), and State Bank of India (SBI) as Central Nodal Agencies (CNAs) to channel the loan amount subsidy to the Primary Lending Institutions (PLIs) and for monitoring the progress of CLSS vertical. MoHUA may notify other institutions as CNAs in the future.

Official Website: Click Here

CLSS Toll-Free Helpline Numbers

NHB: 1800-11-3377 / 1800-11-3388
HUDCO: 1800-11-6163

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