The Credit Linked Subsidy Scheme (CLSS) is a government initiative under the Pradhan Mantri Awas Yojana (PMAY) that provides interest subsidies on home loans to eligible beneficiaries. The scheme aims to make housing affordable for economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG) by reducing the burden of home loan interest payments.
The government introduced CLSS in 2015 as one of the four verticals of PMAY to promote housing for all. Lenders credit the subsidy amount directly to the beneficiary’s home loan account, reducing the principal loan amount and lowering the Equated Monthly Installments (EMIs).
Eligibility for the Credit Linked Subsidy Scheme (CLSS) varies based on income groups. Below are the key eligibility criteria:
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To apply for the Credit Linked Subsidy Scheme (CLSS), applicants need to submit the following documents:
The PMAY CLSS subsidy can be availed in a few simple steps:
Applicants can check the Credit Linked Subsidy Scheme status by following these steps:
Alternatively, borrowers can also contact their lending institution to track the subsidy disbursal process.
The Credit Linked Subsidy Scheme (CLSS) is a significant step towards fulfilling the vision of “Housing for All.” By providing direct financial relief through interest subsidies, the scheme makes homeownership more accessible for low and middle-income families in India. If you meet the eligibility criteria, applying for the PMAY CLSS can be a great way to lower your housing loan burden and make your dream home a reality.
Individuals from the EWS, LIG, MIG-I, and MIG-II income categories without a pucca house in their name are eligible.
The subsidy amount varies from ₹2.30 lakh to ₹2.67 lakh, depending on income group eligibility.
No, CLSS benefits are only available for first-time home buyers.
You can check the status on the official PMAY portal using your application ID or registered mobile number.
The maximum loan tenure under CLSS is 20 years.
No, the subsidy is only available for the purchase or construction of a new house.
No, there are no additional charges for applying under the Credit Linked Subsidy Scheme.
The subsidy is directly credited to the borrower’s home loan account, reducing the principal amount and EMI burden.
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