The Credit Linked Subsidy Scheme (CLSS) for MIG Scheme has been extended by the Ministry of Housing & Urban Affairs by another 12 months i.e. till 31.03.2020.
About:
Timeline:
A new Credit Linked Subsidy Scheme for the Middle-Income Group (CLSS for MIG) was announced by Prime Minister in 2016.
It was launched originally for 12 months till 31.12.2017.
In 2017, the scheme was extended upto 31.03.2019 and now it has been extended by another 12 months i.e. till 31.03.2020.
Salient features of scheme:
The scheme was announced to meet the aspirations of young professionals and entrepreneurs of Middle-Class Segment.
The scheme covers Beneficiaries of MIG seeking housing loans for acquisition/ construction of houses (including re-purchase) from Banks, Housing Finance Companies and other such notified institutions.
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