Current Affairs · Government Schemes & PMAY-Urban
Regarding the Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY) - Urban, consider the following statements: Statement I: For EWS and LIG categories, interest subsidy was provided at 6.5% for loans up to ₹6 lakh, with maximum carpet area limits specified. Statement II: A key condition is that the beneficiary family must not own a pucca house anywhere in India. Statement III: The interest subsidy is credited upfront to the loan account, reducing effective principal and EMI. Statement IV: Mandatory female ownership or joint ownership applies to EWS/LIG categories for house acquisition/construction. Statement V: The subsidy calculation is capped at a maximum tenure of 20 years. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All statements are correct.✓
- 2Only IV and V
- 3Only II and III
- 4Only I and II
Correct answer
All statements are correct.
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