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Home All Updates (80) The central governme
The central governme
The central government has extended the validity of interest subsidy benefit of about Rs.2.60 lakh on home loans under Pradhan Mantri Awas Yojana (Urban) for beneficiaries belonging to Middle Income Groups (MIG) by 15 more months beyond earlier stipulated one year period ending December this year. The government has decided to give more time for MIG beneficiaries to avail interest subsidy under PMAY (Urban), said Durga Shanker Mishra, Secretary (Housing & Urban Affairs), Government .. Prime Minister Narendra Modi, in his new-year eve speech last year had announced the Credit Linked Subsidy Scheme (CLSS) under PMAY(Urban) to MIG, till the end of December this year. Under CLSS, MIG beneficiaries with annual income of above Rs 6 lakhs and up to Rs 12 lakhs would get an interest subsidy of 4% on a 20 year loan component of Rs 9 lakhs. Those with annual income exceeding Rs 12.00 lakhs and up to Rs 18 lakhs would get interest subsidy of 3%.
  • 2017-10-14T06:07:12

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