Sr No.	Reporting Body	Description
1	NHB	"NHB in exercise of the powers vested with it under the National Housing Bank Act, 1987 has imposed penalty of Rs. 15,000/- on 25/08/2020" on account of deficiency with regard to the adherence of the provisions of Housing Finance Companies- Corporate Governance (NHB) Directions 2016; Issuance of Non-Convertible Debentures on Private Placement basis (NHB) Directions 2014; and Policy Circular No. 55."

Instruments	ICRA	CRISIL	India Ratings
Short Term
Commercial Paper	[ICRA]A1+	CRISIL A1+	-
Short Term facility	-	-	IND A1+
Long Term
Market Linked Non-Convertible Debentures	PP-MLD [ICRA] AA-(Stable)	CRISIL PP-MLD AA-r/Stable	-
Non-Convertible Debentures	[ICRA]AA-(Stable)	CRISIL AA/Stable	IND AA/Stable
Bank Borrowings	-	CRISIL AA/Stable	IND AA/Stable

Avail subsidy benefits under Pradhan Mantri Awas Yojana Save up to ₹2.67 lakhs*

Highlights

Applicable for new / resale purchase of home, construction loan for EWS / LIG / MIG
Applicable for extension / improvement to existing dwelling for EWS / LIG
Longer tenure for subsidy benefit calculations - up to 20 years

Eligibility Criteria

The beneficiary family should not own a pucca house either in his/her name or in the name of any member of his/her family within India
Female property ownership is mandatory for EWS / LIG
Total loan amount and tenure can be higher, but subsidy will be limited to calculations worked up to the limits in the table below
In case of married couple, either of the spouse or both together in joint ownership will be eligible for a single subsidy.
The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.

All statutory towns as per Census 2011 and towns’ notified subsequently, including planning area as notified with respect to statutory town.

CLSS Scheme Type	EWS	LIG	MIG 1 **	MIG 2 **
Eligibility Household Income (Rs.)	Less than 3,00,000	Rs.3,00,001 to Rs.6,00,000	Rs.6,00,001 to Rs.12,00,000	Rs.12,00,001 to Rs.18,00,000
Carpet Area-Max (sqm)	30 sqm	60 sqm	160 sqm	200 sqm
Carpet Area-Max (sq ft) - approx	645 sqft	645 sqft	1722 sqft	2152 sqft
Interest Subsidy (%)	6.50%	6.50%	4.00%	3.00%
Maximim Loan Amount (Rs.)	6,00,000	6,00,000	9,00,000	12,00,000
Validity of scheme	31/03/2022	31/03/2022	31/03/2020	31/03/2020
Max Subsidy (Rs.)	2.67 Lacs	2.67 Lacs	2.35 Lacs	2.30 Lacs
Woman Ownership	Yes *	Yes *	Not Mandatory	Not Mandatory
Max Loan Tenure	20 years	20 years	20 years	20 years

FAQs on PMAY Scheme View

For MIG - 1 & 2 loan should be approved on/or after 1-1-2017
As per amendment dated 15.03.2018, an adult earning member (irrespective of martial status) can be treated as a separate household. Provided also that in case of a married couple, either of spouses or both together in joint ownership will be eligible for a single house, subject to income eligibility of the household under the scheme.
Aadhar number(s) of the beneficiary family are mandatory for MIG category.
The interest subsidy will be credited upfront to the loan account of beneficiaries through Motilal Oswal Home Loans Limited resulting in reduced effective housing loan and Equated Monthly Installment (EMI).
The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
The additional loan beyond the specified limits, if any to be at non-subsidized rate.
Disclaimer: Assessment of your eligibility to avail the benefits of CLSS is at the sole discretion of the Government of India. Contents herein are parameters outlined under the scheme for assessment of entitlement.