What are the Advantages of the Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) for Home Loans?

 Planning a house is one of the hardest tasks in a person’s life. People plan a lot before investing in such a big possession that is house. Having a sweet little house is the dream of every family. People wish to have their own house but unfortunately, this is not fulfilled. Not all people have enough money to buy their own house. In India, the employment rate is low and on top of that, the wages are also quite low. People with low income or who are at the subordinate level find it difficult to create a living out of it as well as buy a home.

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To solve all these problems in one go, the government launched a new scheme that is Pradhan Mantri Awas YojnaIt stands for “housing for all”. The Pradhanmantri Awas Yojna Rural Home loan came into effect from 17.06.2015. It aims at constructing around 20 million houses across the nation by 31st March 2022.


According to the scheme, the interest subsidy will be provided on housing loans for the purchase/construction of houses. The Pradhan Mantri Awa Yojana Credit Linked subsidy Scheme (PMAY-CLSS) also covers home improvement loans and provides for repair of existing home along with the addition of rooms, kitchen, toilet, etc to the existing house. This is defined as incremental housing.


The PMAY home loan is divided into:


  • Pradhan Mantri Awas Yojana Urban (PMAY-U)

  • Pradhan Mantri Awas Yojana Gramin (PMAY-G) 


If you wish to buy your own house with PMAY subsidy, visit our website www.shubham.co and apply online! Start your home loan application today and fulfil your dream to own your home with help from Pradhan Mantri Awas Yojana and Shubham Home Loans


It is best to take a home loan from a company such as Shubham Housing Finance. Shubham provides home loans against cash income and also with lesser documents. Shubham Housing Finance was one of the first companies in India to provide home loans for people with cash incomes and with less documents. Shubham home loan is the easiest home loan you can getShubham has disbursed more than 3000 crores of home loans to more than 40,000 families across India. Shubham Housing Finance is very close to its customers with 84 branches spread across 73 cities and 9 states of India. 


Did you know that when you apply for a home loan with Shubham Housing Finance, you do not have to worry about the process of getting subsidy under Pradhan Mantri Awas Yojana. If you are eligible for the PMAY subsidy, Shubham takes care of the complete process and helps you get the PMAY subsidy.


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