The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) - ‘Housing for All’ is a home loan scheme launched by our honourable Prime Minister Shri Narendra Modi in the year 2015. The scheme envisions 'Housing for All' by the year 2022.
Pradhan Mantri Awas Yojana (PMAY) benefits people belonging to the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group-I (MIG-I), and Middle Income Group-II (MIG-II) of society. They are provided home loan interest subsidy on purchase/ construction/ extension/ improvement of their house.
The home loan interest subsidy provided is channelized through two central nodal agencies viz., Housing & Urban Development Corporation (HUDCO) and National Housing Bank (NHB). These government bodies channelize subsidy to the lending institutions, which then help the eligible applicants to avail subsidy.
Indiabulls Housing Finance Limited is an approved lender. Check your Pradhan Mantri Awas Yojana Eligibility now.
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The PMAY-CLSS scheme is a boon for people who want to buy their dream home. Everyone should have access and the ability to buy a house which they can call their own. Home loans and subsidy schemes like the Pradhan Mantri Awas Yojna come in handy when your budget is constrained. Indiabulls Housing Finance Limited welcomes such initiatives. We proudly provide this scheme to our customers and help them make their dream a reality. We have simplified the process and have provided you with all the required information above. It is easy to apply for a home loan under the PMAY-CLSS scheme.
Other than the PMAY service, we also provide instant home loans. This is different from the PMAY scheme. Indiabulls Housing Finance Limited provides you guidance through the complete home loan process. We offer you competitive interest rates which give you maximum benefits. The home loans are tailored to suit your needs. If you wish to avail a regular home loan then you can calculate your EMIs on the link below.Home Loan EMI Calculator