News By/Courtesy: Neha Goyal | 09 Jan 2019 21:22pm IST

HIGHLIGHTS

  • Housing finance company Aadhar Housing Finance has received fresh subsidy of Rs. 176 crores from the National Housing Bank (NHB) under its Credit Linked Subsidy Scheme (CLSS).
  • The subsidy amount was for 7,592 customers in the Economically Weaker Section (EWS) and Low Income Group (LIG) who were eligible under Pradhan Mantri Awas Yojana (PMAY) to get the benefits of scheme
  • he beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.

Housing finance company Aadhar Housing Finance has received fresh subsidy of Rs. 176 crores from the National Housing Bank (NHB) under its Credit Linked Subsidy Scheme (CLSS). 

The Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has introduced in June 2015, an interest subsidy scheme called Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (URBAN)-Housing for All, for purchase/construction/extension/improvement of house to cater Economical Weaker Section(EWS)/Lower Income Group(LIG)/Middle Income Group (MIG), given the projected growth of urbanization & the consequent housing demands in India.

The subsidy amount was for 7,592 customers in the Economically Weaker Section (EWS) and Low Income Group (LIG) who were eligible under Pradhan Mantri Awas Yojana (PMAY) to get the benefits of the scheme. As far as its implementation is concerned, the received subsidy is being passed on to the customers’ loan account and will reduce their monthly payable installments, Aadhar Housing Finance said. By 31st December, 2018 this scheme has benefitted nearly 10,000 families. Subsidies were granted to them through their accounts. 

To be a beneficiary under the scheme, family should not own a pucca house in his own name or any other member his family. If the beneficiary is a married couple, either of the spouse or both the parties in joint ownership will be eligible for a single subsidy. The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.

Section Editor: Shreyashi Tiwari | 09 Jan 2019 21:27pm IST


Tags : #Housing #Finance #Company #Aadhar #NHB #Finance #CLSS

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