PMAY-U 2.0: Govt allocates Rs 4,000 crore for Credit Linked Subsidy Scheme in budget
Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.
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According to the Union Housing and Urban Affairs Ministry, the interest subsidy scheme can soon be availed by the economically weaker section (EWS), lower income group (LIG) and middle income group.
Nearly two years ago, the government did not extend the time period of CLSS under PMAY, which provided subsidised home loans based on income.
At present, the scheme is being implemented through three verticals — Beneficiary Led Construction/Enhancement, Affordable Housing in Partnership and In-situ Slum Redevelopment.
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Presenting the Budget 2024-25 in the Lok Sabha on Tuesday, Finance Minister Nirmala Sitharaman said that three crore additional houses under the PM Awas Yojana in rural and urban areas will be constructed, for which the necessary allocations are being made.
According to budgetary document, Rs 3,000 crore has been
