Lok Sabha Question No. 135 (UNSTARRED), answered on 2023-07-20
Subject: Rebate on Home Loans
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: Upendra Singh Rawat

## GOVERNMENT OF INDIA MINISTRY OF HOUSING AND URBAN AFFAIRS LOK SABHA

## UNSTARRED QUESTION NO. 135

TO BE ANSWERED ON JULY 20, 2023

## REBATE ON HOME LOANS NO. 135.   SHRI UPENDRA SINGH RAWAT:

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

- (a) whether  the  Government  provides  any  rebate  on  home  loans  for purchasing/construction of houses in the country;
- (b) if so, the details thereof, State/UT-wise including Delhi; and
- (c) the  number  of  people  benefited  from  the  said  rebate  in  Delhi  and metro cities of Uttar Pradesh during the last three years?

## MINISTRY OF HOUSING AND URBAN AFFAIRS

## ANSWER THE MINISTER OF STATE IN THE (SHRI KAUSHAL KISHORE)

(a) & (b) The Union Government provided interest subsidy on home loans under  Credit  Linked  Subsidy  Scheme  (CLSS)  vertical  of  Pradhan  Mantri Awas Yojana-Urban (PMAY-U) in all States/ Union Territories (UTs) including Delhi.

Under CLSS vertical, an interest subsidy of 6.5 % for Economically Weaker Section (EWS)/ Low Income Group (LIG), 4% for Middle Income Group-I (MIGI) and 3% for Middle Income Group-II (MIG-II), calculated on housing  loan up to ₹ 6 lakh, ₹ 9 lakh and ₹ 12 lakh, respectively, over a loan tenure of 20 years was provided. CLSS for  Middle Income Group (MIG) under PMAY-U was  from  01.01.2017,  initially  for  one  year,  and  was  extended  up  to 31.03.2021. CLSS vertical for EWS/LIG was up to 31.03.2022. The State/UT wise  details  of  Central  Assistance  released  under  CLSS  vertical  is  at Annexure-I.

PMAY-U which was earlier up to 31.03.2022, has since been extended up to 31.12.2024, except CLSS vertical of the scheme, to complete all the houses sanctioned  without  changing  the  funding  pattern  and  implementation methodology.

- (c) The number of beneficiaries benefitted under CLSS vertical in Delhi and cities with million plus population of Uttar Pradesh during the last three years is at Annexure-II.

*****

## Annexure I referred in reply to Lok Sabha Unstarred Q.No. 135 for 20-07-2023

State/UT wise, including Delhi, details of Central Assistance released for interest subsidy and number of houses sanctioned for beneficiaries under Credit Linked Subsidy Scheme (CLSS) of PMAY-U

| Sl. No.                     | Name of the State/ UT       | Central Assistance Released (₹ in Cr )   | [as on 10th July, 2023] Houses Sanctioned for beneficiaries (Nos)   |
|-----------------------------|-----------------------------|------------------------------------------|---------------------------------------------------------------------|
| 1 10 11 12 13               | Andhra Pradesh              | 1,478.66                                 | 65,521                                                              |
| 2                           | Bihar                       | 455.88                                   | 20,299                                                              |
| 3                           | Chhattisgarh                | 832.70                                   | 37,550                                                              |
| 4                           | Goa                         | 74.68                                    | 3,141                                                               |
| 5                           | Gujarat                     | 15,798.44                                | 6,43,787                                                            |
| 6                           | Haryana                     | 1,003.65                                 | 44,933                                                              |
| 7                           | Himachal Pradesh            | 57.47                                    | 2,522                                                               |
| 8                           | Jharkhand                   | 324.06                                   | 15,160                                                              |
| 9                           | Karnataka                   | 2,368.56                                 | 1,06,929                                                            |
| 1 10 11 12 13               | Kerala                      | 743.02                                   | 32,651                                                              |
| 1 10 11 12 13               | Madhya Pradesh              | 3,971.87                                 | 1,73,381                                                            |
| 1 10 11 12 13               | Maharashtra                 | 15,174.21                                | 6,25,050                                                            |
| 1 10 11 12 13               | Odisha                      | 267.19                                   | 12,756                                                              |
| 14                          | Punjab                      | 1,130.16                                 | 48,804                                                              |
| 15                          | Rajasthan                   | 3,297.59                                 | 1,48,362                                                            |
| 16                          | Tamil Nadu                  | 2,675.03                                 | 1,20,114                                                            |
| 17                          | Telangana                   | 2,050.18                                 | 88,446                                                              |
| 18                          | Uttar Pradesh               | 3,492.25                                 | 1,55,456                                                            |
| 19                          | Uttarakhand                 | 443.46                                   | 19,919                                                              |
| 20                          | West Bengal                 | 2,016.08                                 | 85,622                                                              |
| Sub- total (States) :-      | Sub- total (States) :-      | 57,655.14                                | 24,50,403                                                           |
| 21 22 23 24 25 26           | Arunachal Pradesh           | 1.63                                     | 73                                                                  |
|                             | Assam                       | 82.14                                    | 3,799                                                               |
|                             | Manipur                     | 4.33                                     | 233                                                                 |
|                             | Meghalaya                   | 4.04                                     | 204                                                                 |
|                             | Mizoram                     | 39.65                                    | 2,219                                                               |
|                             | Nagaland                    | 0.74                                     | 40                                                                  |
| 27                          | Sikkim                      | 4.23                                     | 189                                                                 |
| 28                          | Tripura                     | 61.42                                    | 2,848                                                               |
| Sub- total (N.E. States) :- | Sub- total (N.E. States) :- | 198.18                                   | 9,605                                                               |
| 29                          | A&N Island (UT)             | 0.56                                     | 24                                                                  |
| 30                          | Chandigarh (UT)             | 28.78                                    | 1,256                                                               |
| 31                          | DNH & DD (UT)               | 174.97                                   | 7,318                                                               |
| 32                          | Delhi (NCR)                 | 692.53                                   | 29,976                                                              |
| 33                          | J&K (UT)                    | 70.82                                    | 3,432                                                               |
| 34                          | Ladakh (UT)                 | 0.98                                     | 54                                                                  |
| 35                          | Lakshadweep (UT)            | -                                        | -                                                                   |
| 36                          | Puducherry (UT)             | 46.48                                    | 2,152                                                               |
| Sub- total (UT) :-          | Sub- total (UT) :-          | 1,015.12                                 | 44,212                                                              |
| Total :-                    | Total :-                    | 58,868.45                                | 25,04,220                                                           |

Details of Central Assistance released and number of houses sanctioned for beneficiaries in Delhi & cities with million plus population of Uttar Pradesh during last three years (FY 2020-21 to FY 2022-23) under Credit Linked Subsidy Scheme (CLSS) scheme of PMAYU

| Sl.No.   | City      | Central Assistance Released ( ₹ in Cr)   | Houses Sanctioned for beneficiaries (Nos)   |
|----------|-----------|------------------------------------------|---------------------------------------------|
| 1        | Delhi     | 257.51                                   | 10,747                                      |
| 2        | Agra      | 95.737                                   | 4,036                                       |
| 3        | Ghaziabad | 303.36                                   | 12,556                                      |
| 4        | Kanpur    | 128.473                                  | 5,201                                       |
| 5        | Lucknow   | 263.383                                  | 11,013                                      |
| 6        | Meerut    | 80.241                                   | 3,426                                       |
| 7        | Prayagraj | 48.189                                   | 2,079                                       |
| 8        | Varanasi  | 70.897                                   | 2,959                                       |
| Total    | Total     | 1,247.79                                 | 52,017                                      |