Real Estate

Housing Ministry extends CLSS scheme till March 2020

Our Bureau New Delhi | Updated on December 31, 2018 Published on December 31, 2018

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The Housing and Urban Affairs Ministry on Monday announced that its Credit Linked Subsidy Scheme (CLSS) for mid-income-group (MIG) has been extended by another 12 months, till March 2020.

So far around 93, 007 beneficiaries have been covered under the scheme.

"The growth and performance of CLSS for MIG scheme has been very good and we are on course to having about one lakh beneficiaries by the end of this year," said Hardeep Puri, Minister of State (Independent Charge), Ministry of Housing and Urban Affairs.

CLSS for MIG scheme was launched was launched for 12 months till December 2017. The dwelling unit carpet area was initially revised to ‘upto 120 sq.m’ and ‘upto 150 sq.m’ for MIG I and MIG II respectively in November 2017 and further increased it to ‘upto 160 sq.m’ and ‘upto 200 sq.m’ for MIG I and MIG II respectively in June 2018.

Meanwhile, the Ministry is also organising Gobal Housing Technology challenge to co-opt internationally acclaimed rapid mass housing construction technologies and to help States/UTs to construct sanctioned houses under PMAY (U) to address housing shortage in the urban areas by 2022.

Till now, more than 68.7 lakh houses have been sanctioned under PMAY (U).

Since the launch of the mission, around 36 lakh houses have been grounded and around ₹ 33,455 crore is released for the project.

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Published on December 31, 2018
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