Current Affairs · Government Schemes
Under the Pradhan Mantri Awas Yojana (Urban) 2.0 guidelines, a middle-income professional earning an annual income of ₹15,00,000 applies for an interest subsidy on a home loan. What is the status of the Credit Linked Subsidy Scheme (CLSS) interest subsidy for the MIG category in this scheme?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The applicant can claim the subsidy only if the house is registered solely in the name of a female head of the household.
- 2The applicant is eligible for a flat subsidy of ₹2.67 lakh credited upfront to the loan account.
- 3The CLSS component for MIG categories was discontinued and not extended, meaning the applicant is ineligible under the current urban housing subsidies which focus on EWS/LIG.✓
- 4The applicant is eligible for a 3% interest subsidy on the first ₹12,00,000 of the loan under the MIG-II category.
Correct answer
The CLSS component for MIG categories was discontinued and not extended, meaning the applicant is ineligible under the current urban housing subsidies which focus on EWS/LIG.
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