Question
The Credit Linked Subsidy Scheme (CLSS) under PMAY
provides interest subvention on home loans. What is the rate of subsidy for MIG (Middle Income Group) -I beneficiaries?Solution
Under the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme (CLSS), the interest subsidy rate for MIG-I beneficiaries is 4% and for MIG-II beneficiaries is 3%. These subsidies are provided on loan amounts of up to ₹9 lakhs for MIG-I and ₹12 lakhs for MIG-II. Â
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