Relief for home buyers as subsidy for middle-income group gets extension

The Credit Linked Subsidy Scheme will reduce your outstanding loan amount, and hence EMIs, right from the start of the loan tenure

For those who missed the chance of buying a house under the Credit Linked Subsidy Scheme (CLSS), there is good news. As part of the Atmanirbhar Bharat package, designed to tackle the Covid-19 crisis, the scheme has been extended till March 2021. Introduced in May 2017, the scheme had ended on March 31, 2020. According to Naveen Kukreja, chief executive officer and co-founder, Paisabazaar.com, “Extension of this scheme is aimed at incentivising first-time homebuyers to avail of home loans.” 

Says M Barve of MB Wealth Financial Solutions: “Many who stay within a city find it difficult to pay the high