Lok Sabha Question No. 2481 (UNSTARRED), answered on 2023-08-03
Subject: Applications Registered under PMAY-U
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: Kanakmal Katara

## GOVERNMENT OF INDIA

## MINISTRY OF HOUSING AND URBAN AFFAIRS LOK SABHA

## UNSTARRED QUESTION NO. 2481

## TO BE ANSWERED ON AUGUST 03, 2023

## APPLICATIONS REGISTERED UNDER PMAY-U

## NO. 2481.  SHRI KANAKMAL KATARA:

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

- (a) the  number  of  applications  registered  under  the  Prime  Minister Awas  Yojana-Urban  (PMAY-U)  for  Credit  Linked  Subsidy  Scheme (CLSS) since the beginning of the scheme till its closure;
- (b) the number of applications cleared so far and given Subsidy under the above scheme;
- (c) whether it is a fact that the pace of payment of subsidy under the above scheme is very slow;
- (d) if  so,  the  number  of  applications  which  were  registered  for  CLSS between 2019 till 2021 and cleared/approved so far, year-wise; and
- (e) the steps taken by the Government to clear the balance applications expeditiously?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF HOUSING AND URBAN AFFAIRS (SHRI KAUSHAL KISHORE)

(a) to (e) Ministry of Housing and Urban Affairs (MoHUA), under the vision of  'Housing  for  All',  supplements  the  efforts  of  States/  Union  Territories (UTs) by providing Central Assistance under Pradhan Mantri Awas YojanaUrban (PMAY-U), for construction of all-weather pucca house with basic amenities  for  all  eligible  beneficiaries  in  urban  areas  since  25.06.2015. The  scheme  is  implemented  through  four  verticals  i.e.,  Beneficiary  Led Construction (BLC), Affordable Housing in Partnership (AHP), In-Situ Slum

Redevelopment (ISSR) and Credit Linked Subsidy Scheme (CLSS)

Under CLSS vertical, an interest subsidy of 6.5 % for Economically Weaker Section  (EWS)/  Low  Income  Group  (LIG),  4%  for  Middle  Income Group-I (MIG-I) 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.

For  implementation  of  CLSS  vertical  of  PMAY-U  Mission,  Ministry identified  three  Central  Nodal  Agencies  (CNAs),  i.e.  National  Housing Bank (NHB), Housing and Urban Development Corporation Ltd. (HUDCO) and  State  Bank  of  India  (SBI)  to  channelize  the  subsidy  to  the  Primary Lending  Institutions  (PLIs).  The  disbursement  of  interest  subsidy  under CLSS  vertical  took  place  after  observing  due  diligence  at  all  levels starting from the submission of application for interest subsidy to Primary Lending Institutions (PLIs) and final clearance by CNAs.

The home loan applications involving CLSS subsidy are scrutinized by  Primary  Lending  Institutions  (PLIs)  at  their  level  as  per  their  due diligence process and the details about number of applications received and rejected by PLIs and the reasons for their rejection are not reported to Central Nodal Agencies (CNAs)/this Ministry.

Under CLSS, an amount of ₹58,868.45 crore had been released as interest  subsidy  for  25.04  lakh  beneficiaries.  During  the  Financial  years 2019-20, 2020-21 and 2021-22, a total of 4,16,403, 6,05,696 and 4,83,871 beneficiaries have respectively availed interest subsidy under CLSS.

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

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