PMAY brings some good news for first time home buyers
under the MIG category

PMAY
Ministry of Housing and Urban Poverty Alleviation (MoHUPA) is providing first-time home buyers an interest subsidy on home loans for acquisition/construction of houses (including re- purchase). Credit-Linked Subsidy System (CLSS), launched as part of the government's Pradhan Mantri Awas Yojana (PMAY) is aimed at benefiting people belonging to the economically weaker section (EWS), low income group (LIG), middle income group-I (MIG-I), and middle income group-II (MIG-II). The scheme offers interest subsidy on the loan taken for the purchase or construction of a house. Read More >>