Lok Sabha Question No. 1854 (UNSTARRED), answered on 2020-09-22
Subject: Subsidy under PMAY-U
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: Dibyendu Adhikari

## GOVERNMENT OF INDIA MINISTRY OF HOUSING AND URBAN AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 1854

## To BE ANSWERED ON SEPTEMBER 22, 2020

## SUBSIDY UNDER PMAY-U

SHRI DIBYENDU ADHIKARI:

Will the Minister of HOUSING AND URBAN AFFAIRS be pleased to state:

- a) whether the Government provides only the paidinterest under the Pradhan Mantri AwasYojana-Urban(PMAY-U) in the name of subsidy andlor repayment ofhome Ioan; and
2. (b) if so, the details thereof?

## ANSWER THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE

MINISTRY OF HOUSING AND URBAN AFFAIRS (SHRI HARDEEP SINGH PURI)

(a)&(b) The Government is providing interest subsidy on housing loans for purchaselconstruction of houses through Credit Linked Subsidy Scheme (CLSS) component of Pradhan Mantri Awas Yojana (Urban) [PMAY(U)] Interest subsidy the Ioan account of beneficiaries through lending institutions resulting in reduced effective housing Ioan and Equated Monthly Instalment (EMI) Details of CLSS are at Annexure

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## Annexure

## Annexure for LokSabha Unstarred Question No. 1854 for answer on 22.09.2020

| S.No.   | Particulars                                                          | EWSILIG                                                           | MIG-I                           | MIG-II                            |
|---------|----------------------------------------------------------------------|-------------------------------------------------------------------|---------------------------------|-----------------------------------|
|         | Household Income (Rs: Per Annum)                                     | Up to.3,00,000/- for EWS and between 3,00,001 to 6,00,000 for LIG | Between 600,001 up to 12,00,000 | Between 12,00,001 up to 18,00,000 |
| 2       | Interest Subsidy % p.a)                                              | 6.5%                                                              | 4%                              | 3%                                |
| 3       | Maximum loan tenure (in years)                                       | 20                                                                | 20                              | 20                                |
| 4       | Eligible Housing Loan Amount for Interest Subsidy (Rs                | 6,00,0007                                                         | 9,00,000                        | 12,00,000*                        |
| 5       | Dwelling Unit Carpet Area (Sq mtr)                                   | # #                                                               | Up to 160                       | Up to 200                         |
| 6       | Discount Rate for Net Present (NPV) calculation for interest subsidy | 9%                                                                | 9%                              | 9%                                |
|         | Upfront Amount for in Rs.)                                           | 2,67,280                                                          |                                 | 2,30,000                          |

# In case of EWSILIG, a beneficiary, at his/her discretion can build a house of larger area but interest subvention would be limited to first Rs. 6 lakh only. EWSILIG households can also avail CLSS subsidy for addition of rooms, kitchen,   toilet etc. to existing dwellings as incremental housing:

#Loans beyond this limit will be at non-subsidised rates.

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