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National Housing Bank Sanctioned Around Rs 3,000 Crore Under PMAY Credit-Linked Subsidy

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| May 10 , 2018 , 16:38 IST

The National Housing Bank’s (NHB) CEO, Sriram Kalyanaraman, on Thursday said that they have been sanctioned around Rs 3,108 crore under the Credit-Linked Subsidy Scheme (CLSS) of the Pradhan Mantri Awas Yojna.

Sriram who is not only the CEO but also the MD of the bank made this statement at a conference on housing finance organised by Assocham in New Delhi.

The CLSS is aimed at benefiting people belonging to the economically weaker section (EWS), low-income group (LIG), middle-income group-I (MIG-I), and middle-income group-II (MIG-II) by providing interest subsidy on the purchase or construction of a house.

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The NHB head said: "Under the PMAY (U) Credit Linked Subsidy Scheme, NHB has disbursed Rs 3,018 crore against 140,943 units. Under the EWS/LIG scheme, we have disbursed Rs 2,436 crore against 113,081 units and under the MIG scheme, we have disbursed Rs 582 crore against 27,862 units."

"Under the MIG (middle-income group) we have already made two or three changes. So, if there is a feedback and there is an opportunity, it would definitely be considered," he added.

He described the amount sanctioned so far as "by far the highest in any scheme in independent India."