Eligibility under the scheme
|Scheme||Segment||Annual Household Income||Loan Amount qualified for subsidy||Rate of subsidy||Carpet Area of Dwelling Unit||Max Tenure (Restricted to actual loan tenure)||Discounting Rate|
|CLSS for EWS/LIG||EWS||Upto ₹ 3.00 Lakhs||6.00 Lakhs||6.50%||30 sq. Mts||20 yrs||9.00%||CLSS for EWS/LIG||LIG||₹ 3.01 Lakhs to 6.00 Lakhs||6.00 Lakhs||6.50%||60 sq. Mts||20 yrs||9.00%||CLSS for EWS/MIG||MIG - I||₹ 6.01 Lakhs to 12.00 Lakhs||9.00 Lakhs||4.00%||90 sq. Mts||20 yrs||9.00%||CLSS for EWS/MIG||MIG - II||₹ 12.01 Lakhs to 18.00 Lakhs||12.00 Lakhs||3.00%||110 sq. Mts||20 yrs||9.00%|
- This scheme is a credit linked subsidy scheme which will be provided to customers taking Home Loans under Economically Weaker Section (EWS)/Lower Income Group (LIG)/Middle Income Group (MIG) category for purchase of property and construction of house.
- A beneficiary family will comprise of a husband, wife and unmarried children. The beneficiary family should not own a pukka house (an all-weather dwelling unit) either in his/her name, or in the name of any member of his/her family in any part of India.
- Wife must join as a co-applicant. There should be a lady co-applicant in all cases.