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Corporation authorities have decided to popularize the CLSS of PMAY




Civic body will conduct a special drive to collect details of persons who wish to avail housing loan under the CLSS of the PMAY.

Corporation authorities here have decided to popularize the Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri Awas Yojana (PMAY) to help the people to realize the dream of owning a home.

Civic body will conduct a special drive to collect details of persons who wish to avail housing loan under the CLSS of the PMAY. The civic body will conduct special camps for 75 corporation wards from December 9 to 11 to collect details of persons.

The camps will be held at Tagore centenary hall on December 9, Cheruvannur zonal office hall on December 10 and Elathur Community hall on December 11.

The major highlight of the scheme is that people having an annual income upto Rs 18 lakhs can avail benefit of the scheme. The scheme of National Urban Mission aims to ensure houses for all by 2022. People residing in the city corporation limit without having own house can avail the benefit under the scheme.

Under the scheme, the loan will be provided to beneficiaries by dividing them into four income categories. The interest subsidies on housing loans will be given to people belonging to four income category groups – economically weaker section with an annual income up to Rs 3 lakh will get 6.5% interest subsidy for Rs 6 lakh loan; low income group with an annual income ranging from Rs 3 lakh to Rs 6 lakh will also get 6.5% subsidy for Rs 6 lakh loan.

While people whose annual income is Rs 6 lakh to Rs 12 lakh range will get 4% of interest subsidy for Rs 9 lakh loan. Those belonging to the middle income group II category and having annual income of Rs 12 lakh to Rs 18 lakh will get 3% interest subsidy for Rs 12 lakh loan.

According to the corporation officials, it has provided subsidy of Rs 10.35 crore to 564 beneficiaries of CLSS of the PMAY so far.

Corporation secretary Binu Francis said that, so far, the government had given subsides to people belonging to weaker sections. “This scheme will benefit people working in both government and private sectors. Beneficiaries availing the scheme will get interest subsidy from 3 to 6.5% based on the income category of the persons availing housing loan,” he said adding that eligible will be referred to second round of camp to be held soon with banks to provide loan.

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