Rs 5,000 crore subsidy disbursed to over two lakh home buyers: UD secy

Subsidy of over Rs 5,000 crore has been disbursed to over two lakh home buyers so far under the government's Credit Linked Subsidy Scheme (CLSS), a statement stated Friday.

Union Housing and Urban Affairs secretary Durga Shanker Mishra held a "consultation-cum-strategy meet" on CLSS vertical of the Pradhan Mantri Awas Yojana (Urban) with banks and housing finance companies Thursday.

"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," Mishra was quoted as saying in a statement.

The PMAY (U), launched by Prime Minister Narendra Modi in June 2015, aims to ensure "Housing for all by 2022" by providing financial assistance to beneficiaries.

It stated that the ministry secretary assured the participants that sufficient funding for the PMAY (U)-CLSS is available.

He also apprised that an arrangement of Rs 60,000 core under National Urban Housing Fund (NUHF) 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.

Mishra also urged the bankers and the Central Nodal Agencies (CNAs) to provocatively come forward in helping the potential beneficiaries realise their dream of having a house of their own.