Everything You Need To Know About CLSS:
Home is the primary need for everyone in our country. Everyone in our country works hard to get their own home in any way possible. But it’s not an easy task to own their own home for some sections in our society seeing the exorbitant prices they have to pay. On January 1, 2017, under the scheme of Pradhan Mantri Awas Yojana (PAMY), Credit Linked Subsidy Scheme was launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA). Under this scheme, an interest subsidy will be given to the people who want to own their dream home. It is a kind of incentive given to the people of India through which they can be motivated to get a home loan for purposes like a home purchase, construction, improvement, and extension. The government is leaving no stone unturned for their goal of Housing for All by 2022, and before this scheme was introduced, it was looking like an achievable task but after the CLSS scheme was introduced, there was a huge spike in home loans. CLSS is mainly ...