The Hon’ble Minister of Housing and Urban Affairs, Mr. Harshdeep Singh Puri gave a New Year gift to home seekers on the last day of 2018. He announced extension of the Credit Link Subsidy Scheme (CLSS) on home loans for the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (Urban) till March 2020. "This is a welcome New Year Gift, it will benefit the MIG home seekers the most," said Dr Niranjan Hiranandani, President (National), NAREDCO, adding that under the CLSS, the Indian Government provides a subsidy of up to Rs 2.67 lakh on home loans.
Till December 30 2018, around 3,39,713 beneficiaries have availed of the CLSS under the PMAY (Urban). "We estimate one lakh beneficiaries by March 2019, and possibly 2 lakh more beneficiaries by March 2020. This extension up to March 31, 2020 has the potential to help make many a dream home into a reality," said Dr Niranjan Hiranandani. "This will also create a positive impact for the 'Housing for All' initiative," he concluded.
|Image Caption : Dr. Niranjan Hiranandani, Co Founder & MD, Hiranandani Group & National President, NAREDCO||click for high-res image|