CLSS is a benefit under the PMAY scheme for the Economically Weaker Section (EWS), Low Income Group (LIG), and Medium Income Group (MIG). It enables these sections to get home loans with reduced EMIs, thanks to an interest subsidy.\r\r\rThis subsidy is credited to the beneficiary upfront on the principal amount. As a result, the effective home loan and EMI reduce, making them more affordable. The subsidy is significantly dependent on the applicant’s income category and the size of the property financed.