Thiruvananthapuram: Not many takers for PMAY interest subsidy | Thiruvananthapuram News – Times of India

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Pradhan Mantri awas Yojana (PMAY) is a credit linked subsidy scheme initiated by the Government of India to provide affordable housing for lower & middle income group.. The interest subsidy is limited up to a maximum loan amount of Rs. 6 lakh.. The beneficiary family should not own a pucca house in his/her or in the.

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New Delhi: The Centre has extended the Credit Link Subsidy Scheme (CLSS) on home loans for the Middle Income Group (MIG) under the Pradhan Mantri awas yojana (urban) till. 12 lakh would get an interest subsidy of four per cent on a 20-year loan component of 9 lakh.. Internet Not Available.

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CREDAI President Satish Magar demanded that interest rate on home loan be brought down to 7.5 per cent to boost housing demand. Union Finance Ministry on Friday said the National Housing Bank (NHB).

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