Grounds for not Receiving PMAY Subsidy on Housing Loan
Pradhan Mantri Awas Yojana or PMAY is a housing subsidy scheme launched by the Prime Minister of India, Mr. Narendra Modi in June 2015. This initiative is focused on providing affordable housing to people from all walks of life by the year 2022. This initiative aims at helping people from the economically weaker sections to fulfil their dream of owning their home. The Credit Link Subsidy Scheme (CLSS) is one of the important components of PMAY. Under CLSS, eligible beneficiaries are offered interest subsidies on housing loans.