1,200 urban poor provided housing loan under PM Awas Yojana

MoS says housing loans so far disbursed by banks benefited about 1,200 people

Housing loans of Rs 72.86 crore have been disbursed to 1,200 beneficiaries in 21 states under Credit Linked Subsidy Scheme of Pradhan Mantri Awas Yojana, Rajya Sabha was informed today.

In a written reply, Minister of State for Housing and Urban Poverty Alleviation Babul Supriyo said housing loans so far disbursed by banks benefited about 1,200 people with a total interest subsidy of about Rs 27 crore.

Under Credit Linked Subsidy Scheme, 6.50 per cent interest subsidy is given to urban beneficiaries belonging to the Economically Weaker Section and Low Income Group on a loan of up to Rs 6 lakh for a tenure of 15 years for acquisition, construction and extension of house.

In Maharashtra, Rs 36.11 crore was disbursed under the scheme, followed by Gujarat Rs 9.48 crore, Tamil Nadu Rs 6.64 crore, Madhya Pradesh Rs 3.52 crore, Uttar Pradesh Rs 2.58 crore, Rajasthan Rs 2.30 crore, Delhi Rs 2.26 crore, West Bengal Rs 1.92 crore, Chhattisgarh Rs 1.51 crore and Andhra Pradesh Rs 1.45 crore.