Pradhan Mantri Awas Yojana (PMAY) - Credit Linked Subsidy Scheme

CLSS scheme has been introduced under Pradhan Mantri Awas Yojana (URBAN)-Housing for All, for purchase / construction / extension / improvement of house. Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI). The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.

Scheme Detail

CLSS Scheme Type Eligibility Household Income ( ) Interest Subsidy (%) Subsidy calculated on a max loan of Woman Ownership
EWS and LIG Upto 6,00,000 6.50 % 6,00,000 Yes *
MIG 1 ** 6,00,001 to
4.00 % 9,00,000 Not Mandatory
MIG 2 ** 12,00,001 to
3.00 % 12,00,000 Not Mandatory
  • Aadhar number(s) of the beneficiary family are mandatory for MIG category.
  • The interest subsidy will be available for a maximum loan tenure of 20 yrs or the loan tenure whichever is lower.
  • There is no cap on the loan amount or the cost of the property.

*for more details on the scheme please refer

Note: Assessment of your eligibility to avail the benefits of CLSS is at the sole discretion of the Government of India. Contents herein are parameters outlined under the scheme for assessment of entitlement.

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