Credit Linked Subsidy Scheme 2017 Online Form Housing Yojana

Credit Linked Subsidy Scheme 2017 CLSS Online Form based on Housing Home Loan Pradhan Mantri Awas Yojana Hindi Credit Linked Subsidy CLSS Scheme 2017 News available.

Credit Linked Subsidy Scheme 2017 is a product of India Government under for Providing Housing for All. It is implemented in Pradhan Mantri awas Yojana by two Institution National Housing Bank (NHB) and Housing Urban Development Corp (HUDCO). CLSS Scheme mainly works for Affordable housing scheme and effective loan amount. Main Objective Credit Capital Linked Subsidy Scheme is to help or give housing loans for Economically Weaker Sections (EWS) and Low Income Groups (LIG) people.

Subsidy:  Credit Linked Scheme available only in case of loans up to Rs 6 lakh for 30 sq. meter EWS and 60 sq. meter for LIG families.

How Housing subsidy is calculated : Ans. The Interest subsidy to be calculation based on Net Present Value (NPV) method to be discounted @9% based on the following parameters :

Loan amount up to INR 6 lakhs i.e. actual loan amount or INR 6 lakhs, whichever is lower.
Loan tenure to be maximum of 15 yrs. i.e. actual tenor or 15 years, whichever is lower.
Irrespective of rate of interest charged, the subsidy would be computed for interest up to 6.5% p.a.

Eligibility Criteria
The families should not have Brick (Pakka) house.
BPL APL Economically Weaker Section (EWS) & Low Income Group (LIG) people can apply
Benefit is given the families who have unmarried children

How to apply for Credit CLSS Subsidy Scheme: For enabling this process, the beneficiaries should be linked to his/her Aadhar/Voter ID Card/Any Other Unique Identification Number or a certificate of house ownership from Revenue Authority of Beneficiaries.

Document Required: Income proof is needed, Pay Rs 250 to the designated staff of Bank, ULB or NGOs.

Limit of loan amount: In the metropolitan city areas where the Human population is maximum 10 lakh will get up to Rs. 28 lacs.
In the other centres where the population is below Rs 10 lakh will be benifit amount of Rs. 20 lacs.

Bank of India Application Form 2017: click here
HDFC Housing Bank Application: click here
IDBI Bank Home Loan: click here
ICICI Bank CLSS Scheme: click here

To know more update on Credit Linked Subsidy scheme in Hindi you may call to various banks like ICICI , Bank of India etc or visit nearest office.