Lok Sabha Question No. 1190 (UNSTARRED), answered on 2018-12-18
Subject: Interest on Housing Loan
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: MANSUKHBHAI DHANJIBHAI VASAVA

No. 1190.

## GOVERNMENT OF INDIA

## MINISTRY OF HOUSING AND URBAN AFFAIRS

## LOK  SABHA

## UNSTARRED QUESTION NO. 1190

## TO BE ANSWERED ON DECEMBER 18, 2018

## INTEREST ON HOUSING LOAN

SHRI MANSUKHBHAI DHANJIBHAI VASAVA:

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

- (a) whether any rebate on interest on housing loan on purchase/construction  of  houses  is  being  provided  by  the  Union Government in Gujarat;
- (b) if so, the details thereof; and
- (c)  the number of persons benefited in Gujarat in this regard during the last three years?

## ANSWER

## THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF HOUSING AND URBAN AFFAIRS (SHRI HARDEEP SINGH PURI)

- (a) & (b):    Under Credit Linked Subsidy Scheme (CLSS) for EWS/LIG component of Pradhan Mantri Awas Yojan (Urban) {PMAY[U]}, beneficiaries of Economically Weaker Section (EWS) having household annual income uptoRs.3,00,000/- and Lower Income Group having household annual income between Rs.3,00,001/- and upto Rs. 6,00,000/-  subject  to  their  being  otherwise  eligible,  can  avail  of  an interest  subsidy  at  the  rate  of  6.5%  on  the  housing  loans  up  to Rs.6.00  lakh  for  a  maximum  tenure  of  20  years,  for  acquisition,

construction and extension of house.

Government  of  India  has  also  launched  a  Credit  Linked  Subsidy Scheme  to  provide  interest  subsidy  for  housing  loans  to  eligible beneficiaries belonging to Middle Income Group (CLSS for MIG). The

Scheme  covers  two  income  segments  in  the  MIG  viz. annual household  income  between  Rs.6,00,001  to  Rs.12,00,000  (MIG-I)  and annual  household  income  between  Rs.12,00,001  to  Rs.18,00,000 (MIG-II).  The interest subsidy under the scheme will be available to beneficiaries of MIG-I and MIG-II categories for loan  amounts uptoRs.9,00,000/and 12,00,000/, respectively for acquisition/ constructions of houses (including re-purchase).The interest subsidy will be at the rate of 4% and 3%, respectively.

(c): During the last three years and current year, a total of 98,529 housing  loans  have  been  sanctioned  under  CLSS  in  Gujarat and  an  amount  of  Rs.2,269.24 Cr.  has  been  disbursed  as  interest subsidy. Details are annexed.

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## Annexure referred in answer to LSUSQ No - 1190 due for 18.12.2018

Details  of  Central  Assistance  released  during  last  three  years  and  current year as interest subsidy to beneficiaries on housing loan for purchase/construction  of  houses  in  the State  of  Gujarat  under  CLSS Component of PMAY(U).

(Rs. in Crore)

| Category   | No of Beneficiaries   | Interest Subsidy released through Central Assistance   |
|------------|-----------------------|--------------------------------------------------------|
| 37,594     | 850.38                | EWS                                                    |
| 48,378     | 1,152.98              | LIG                                                    |
| 12,557     | 265.88                | MIG                                                    |
| 98,529     | 2,269.24              | Total                                                  |