In June 2015, Prime Minister Narendra Modi launched the PMAY (U), which ensures “Housing for all by 2020” by providing financial assistance to beneficiaries.
On Friday, under the government’s Credit Linked Subsidy Scheme (CLSS), the subsidy of over Rs 5,000 crore has been disbursed to over two lakh home buyers so far. On Thursday, Union Housing and Urban Affairs secretary Durga Shanker Mishra held a “consultation-cum-strategy meet.”
An expert quotes, “a total of Rs 5,008 crore of housing loan subsidy has been disbursed to 2.3 lakh CLSS beneficiaries till now under the economically weaker section (EWS), low-income group (LIG) and middle-income group (MIG) categories.”
The sufficient funding for the PMAY (U) – CLSS is available as stated that the ministry secretary assured the participants.
Under National Urban Housing Fund (NUHF), an arrangement of Rs 60,000 ) has been provided as Extra Budgetary Resources (EBR) especially for the PMAY (U) in addition to the budgetary grants to meet the housing demand in the country.
Bankers and the Central Nodal Agencies (CNAs) came forward in helping the potential beneficiaries realize their dream of having a house of their own, according to reports.