Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
Govt Extends Credit Link Subsidy Scheme (CLSS) For First Time Home Buyers
The government has extended the Credit Linked Subsidy Scheme (CLSS) for MIG (Middle Income Group) by one year to 31 March 2020 from the earlier implementation of 31 March 2019, said Union Housing and Urban Affairs Minister Hardeep Singh Puri on Monday.
The CLSS was introduced under the Pradhan Mantri Awas Yojana (PMAY) to extend institutional credit flow to the urban poor for buying or constructing houses. Over 68.7 lakh houses have been approved under the PMAY (urban) mission under the Modi government. 13.5 lakh houses among these have already completed construction while 37 lakh are under construction.
The CLSS for MIG was initially only launched for a period of 12 months ending 30 December 2017 and later extended to March 2019. Under the scheme, MIG beneficiaries with an annual income from Rs 6 lakh and up to Rs 12 lakh will get an interest subsidy of 4 percent on a 20-year loan component of Rs 9 lakh. For those with annual income exceeding Rs 12 lakh and up to Rs 18 lakh would get an interest subsidy of 3 percent. These home loans can be availed for acquisition or construction of houses (including re-purchase) from banks or other finance companies.
