The Full Form of CLSS is Credit Linked Subsidy Scheme.
In 2015, the Government of India launched a scheme that would help the financially-deprived population living in urban areas get a roof over their heads. Known as the Pradhan Mantri Awas Yojana, it envisages ‘affordable housing for all’, by giving borrowers the financial means necessary for purchasing a home via a subsidy on the home loan interest rates. Credit Linked Subsidy Scheme (CLSS) is a component of PMAY under which, not only economically weaker sections, but also middle-income groups can avail of home loans at reduced EMIs. Here’s all you need to know about PMAY CLSS and its functioning.
CLSS
means
Credit Linked Subsidy Scheme
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