PM Awas Yojana CLSS 2.67 Lakh Subsidy Tracking/ Status & Online Helpdesk: CLSS Awas Portal (CLAP) Credit Linked Subsidy Scheme (CLSS) is one of the components under Pradhan Mantri Awas Yojana(Urban) (PMAY-U) wherein the Government offers interest subsidy to eligible beneficiaries.
Check Home Loan CLSS – Apply Online 2020
Check Status of CLSS Subsidy, Apply Online for Home Loan – Late CLSS Registration (If you already have Home Loan) – SBI, Axis Bank, HDFC, PNB Housing, Bajaj Finserv, BOB Home Loan CLSS Customer Care Online Portal/ Mobile App Download.
The Credit Linked Subsidy is a central sector scheme under Pradhan Mantri Awas Yojana (Urban) wherein interest subsidy on a home loan is provided through CNAs and PLIs to the EWS/UG/ MIG beneficiaries for purchase, construction or enhancement of house
Interest subvention on home loans taken by eligible urban poor (EWS/LIG) for acquisition, construction, or enhancement of house
PM AWAS Yojana CLSS Subsidy Customer Care
|Article About||PM Awas Yojana CLSS Subsidy Status/ Complaint|
|Scheme Name||Credit Linked Subsidy|
|Yojana||PM Awas Yojana (Urban)|
|Beneficiaries||EWS/ LIG/ MIG as per Floor Area, Yearly Income|
|PM Awas Yojana||Complaint & Helpdesk|
For the first time, the Middle Income Group (MIG) has been included for a housing scheme in the country.
|Particulars||EWS||LIG||MIG 1||MIG II|
|Household Income (Rs.)||Upto 3 Lakh||3-6 Lakh||6-12 lakh||12-18 Lakh|
|Carpet Area in sqm||30||60||160||200|
|Interest Subsidy (% p.a.)||6.5%||4.0%||3.0%|
|Maximum Loan Tenure||20 Years|
|Eligible Loan Amount (Rs)||6,00,000/-||9,00,000/-||12,00,000/-|
|Discounted NPV Rate||9%|
|Upfront amount for Subsidy (Rs.) for a 20 Year Loan||2,67,280/-||2,35,068/-||2,30,156/-|
|Approx, monthly savings @ Loan Interest of 10%||2,500/-||2,250/-||2,200/-|
Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI). The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
CLSS for EWS/LIG
Beneficiaries of Economically Weaker Section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5% for a tenure of 20* years or during the tenure of loan whichever is lower.
Key Points: –
- Loan Amount: Up to 6 Lakh INR.
- Subsidy only on for new construction.
- Floor Area: Upto 30 Sqmtr (EWS) and Upto 60Sqmt (LIG)
CLSS for MIG*
The CLSS for MIG covers two income segments:-
For MIG-I: Income Rs.6,00,001 to Rs.12,00,000
For MIG-II: Income Rs.12,00,001 to Rs.18,00,000 per annum.
In the MIG-I, an interest subsidy of 4% has been provided for loan amounts up to Rs.9 lakh while in MIG-II, an interest subsidy of 3% has been provided for a loan amount of Rs.12 lakh.
The interest subsidy will be calculated at 9% NPV over a maximum loan tenure of 20 years or the actual tenure, whichever is lesser. Housing loans above Rs. 9 lakh and Rs. 12 lakh will be at non-subsidized rates.
CLSS for MIG will support acquisition/ construction of the house (including re-purchase) of 160 square meters and 200 square meters carpet area as per income eligibility.
|Particulars||EWS||LIG||MIG I||MIG II|
|Scheme Duration||17.06.2015 to 31.03.2022||01.01.2017to 31.03.2020|
|Household Income (Rs.)||Upto 3,00,000/-||3,00,001/-to 6,00,000/-||6,00,001/-to 12,00,000/-||12,00,001/-to 18,00,000/-|
|Dwelling Unit Carpet Area (Up to) in sq. m||30#||60#||160||200|
|Interest Subsidy (% p.a.)||6.5%||4.0%||3.0%|
|Maximum Loan Tenure||15 Years (17.06.2015 to 31.12.2016)||Not Applicable|
|20 Years (01.01.2017 Onwards)|
|Eligible Housing Loan Amount for Interest Subsidy (Rs)*||6,00,000/-||9,00,000/-||12,00,000/-|
|Discounted Rate for Net Present Value (NPV) calculation||9%|
|Upfront Amount for Subsidy (Rs.) for a 20 Year Loan||2,67,280/-||2,35,068/-||2,30,156/-|
|Savings in Monthly EMI (Rs.) Approx. @ Loan Interest of 10%||2,500/-||2,250/-||2,200/-|
|Total Savings (Rs.) Approx.||6,00,000/-||5,40,000/-||5,28,000/-|
CLSS Toll-Free Helpline Numbers
NHB: 1800113377, 1800113388
SBI : 1800112018
PMAY CLSS Complaints
Here are the complaints from Home Loan Borrowers, who are provided their valuable feedback and complaint. PM Awas CLSS Customer Care/ Grievance Officer has replied to them/ Provided assistance
- Bank refused to provide CLSS on Home Loan
- Home loan is converted to Mortgage loan
- Rs 2.67 Lakh Subsidy on purchase of Flat/ Villa/ Plot – Home Loan (Axis Bank, HDFC, SBI, PNB Housing, PNB, BOB, ICICI)
- Not able to check Status of CLSS Subsidy
- Home loan subsidy in not credited in Loan Account Bank
- Online Apply for new CLSS Subsidy
- PM Awas Subsidy apply for old Home Loan.
- CLAP has a tracking system for beneficiaries to track their application status after entering Application ID Cxxxxxxxxxxx and an OTP code ( Note:- CLAP will send Applicant ID and OTP code on the registered mobile number of borrower/co-borrower)
Note: In case you have any questions or issue. Please let us know. Out team will provide assistance. Submit an online complaint against the BANK.
PM Awas Home Loan CLSS Customer Care
|Email Id||[email protected]|
|Grievance Cell Info||
|Address||Pradhan Mantri Awas Yojana (Urban)
Ministry of Housing and Urban Affairs
Nirman Bhawan, New Delhi-110011
PM Awas Home Loan CLSS Info
|Company Name||PM Awas Home Loan CLSS|
|Business Info||Home Loan Subsidy, Construction Loan, Flat Loan, PM Awas CLSS, PMAY CLSS, 2.67 Lakh Subsidy Online, Status Check|
|Mobile App||Andorid App ||
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