📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    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?
    A 3% Correct Answer Incorrect Answer
    B 4% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 6.5% Correct Answer Incorrect Answer
    E 8% Correct Answer Incorrect Answer

    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.  

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question