Latest News
-
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps
Last Date To Avail CLSS Advantage By MIG-I, II Category Is March 31, 2021
If you fall in the MIG-I and MIG-II categories and wish to take subsidy advantage being offered under the PMAY CLSS then the last date is March 31, 2021. This is unless the centre further extends the date. Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (CLSS) for MIG or Middle Income Group was launched on January 1, 2017.
Details of the CLSS scheme for MIG category
MIG-I category of homebuyers precisely includes those with income in the range of Rs. 6 lakh to Rs. 12 lakh and they get an interest subsidy of 4% on a loan amount of up to Rs. 9 lakh.
Likewise, MIG-II category includes buyers with income ranging between Rs. 12 lakh and Rs. 18 lakh and they get a rebate of 3% on loan up to Rs. 9 lakh. Thus the PMAY CLSS subsidy amount comes to be at Rs 2,35,068 and Rs 2,30,156 for two categories, respectively.
The benefit under PMAY can be taken in case if one wants to buy a house from a developer or from the resale market via secondary buying. Also, one may secure a loan for constructing a house.
Eligibility to avail CLSS benefit:
The benefit of the subsidy on home buying can be availed by a beneficiary family that includes husband, wife and unmarried children. Further, the beneficiary should not own a pucca house either in his or her name or in the name of any other member of his or her family in any part of the country. Also, the title of the house constructed or purchased by taking a loan under the scheme should be in favour of the female head of the family or in the joint name with the male head.
So, if the children are living with their parents in a house owned by the latter then they can still opt for the CLSS scheme if they are earning and do not own a house.
GoodReturns.in
