CLSS scheme to ben­e­fit mid­dle class

Hindustan Times (Chandigarh) - Estates - - ESTATES - HT Es­tates Cor­re­spon­dent ht­es­tates@hin­dus­tan­times.com

Real es­tate de­vel­oper body Naredco has wel­comed the gov­ern­ment’s an­nounce­ment for im­ple­men­ta­tion of op­er­a­tional guide­lines for the Credit Linked Sub­sidy Scheme (MIG), say­ing that it will strengthen the ex­e­cu­tion of its larger goal of Hous­ing for All and im­prove the de­vel­op­ment and pro­mo­tion of af­ford­able hous­ing in the coun­try.

Min­is­ter of hous­ing and ur­ban poverty al­le­vi­a­tion, M Venka­iah Naidu re­leased the Op­er­a­tional Guide­lines for CLSS (MIG) this week.

As per the guide­lines, mid­dle in­come groups (MIG) with an an­nual in­come of above ` 6 lakh and up to ` 18 lakh per an­num are el­i­gi­ble for in­ter­est sub­sidy on hous­ing loans un­der the new CLSS (MIG) scheme. Those who have been sanc­tioned hous­ing loans and whose ap­pli­ca­tions are un­der con­sid­er­a­tion since Jan­uary this year are also el­i­gi­ble for the in­ter­est sub­sidy.

Com­ment­ing on the an­nounce­ment, Parveen Jain, pres­i­dent, NAREDCO said, “The op­er­a­tional guide­lines for the MIG group will be ben­e­fi­cial for ur­ban ar­eas, as the group is bet­ter equipped to take ad­van­tage of the in­ter­est sub­sidy scheme. It will en­able this group of home­buy­ers to in­vest in hous­ing. Those in the wait and watch mode will now be able to in­vest.”

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