Scheme Details 3.1 Beneficiaries of Middle Income Group seeking housing loans for acquisition/ construction of houses (including re-purchase) from Banks, Housing Finance Companies and other such notified institutions will be eligible for an interest subsidy with the following features Particulars MIG I MIG II Household Income (Rs. p.a) 12, 00, 000 18, 00, 000 Interest Subsidy (% p.a.) 4.00% 3.00% Maximum loan tenure (in years) 20 20 Eligible Housing Loan Amount for Interest Subsidy Rs.) 9, 00, 000 12, 00, 000 Dwelling Unit Carpet Area 90 Sq. m. 110 Sq. m. Discount Rate for Net Present Value (NPV) subsidy (%) 9.00% 9.00% 3.2 CLSS for MIG will support acquisition/ construction of house (including re-purchase) of 90 square meters and 110 square meters carpet area as per income eligibility with basic civic infrastructure like water, toilet, sanitation, sewerage, road, electricity etc. 3.3 Houses constructed under CLSS for MIG should conform to the norms and standards provided in extant guidelines on construction and structural safety in the country.