Credit Linked Subsidy Scheme

The present PMAY scheme and the faltering pace of affordable housing that fell short of its earlier targets has evoked a great deal of criticism

LIC Housing Finance disburses Rs 2,115 crore subsidy to over 1 lakh CLSS customers

The CLSS is part of the 2015, scheme for urban poor to help build a home under the PM Awas Yojana, envisaging affordable housing for all by 2022.

3 years of Modi: Banking sector reforms announced; results awaited

In an attempt to help banks, especially public sector banks (PSBs) recognise the ashes of high level of non-performing assets (NPAs) and rise like a phoenix, in December 2015, the Reserve Bank of India under the leadership of former Governor Raghuram Rajan, asked banks to set aside a pool of funds in the form of provisioning towards sub-standard assets. This further dented the banks’ balance sheets.

Expect RERA to boost consumer confidence: Ashiana Housing

Implementation of Real Estate Regulatory Authority (RERA) will encourage better developers to be in the business, it should benefit organised developers, Varun Gupta, Director of Ashiana Housing told CNBC-TV18.

Affordable housing to be growth driver for housing finance market

Domestic rating agency ICRA, on March 22, 2017, said that the affordable housing segment is likely to grow over 30% over the medium term and will be the key growth driver for the mortgage &#82

Experts hail infrastructure status to affordable housing

The real estate sector has largely welcomed the various measures that finance minister Arun Jaitley announced in his Union Budget 2017-18 presentation on February 1, 2017. “We must appreciate the fact that the government &#82

Union Budget 2017-18: Centre raises CLSS loan tenure to 20 years

"The Union Cabinet chaired by Prime Minister Narendra Modi has given ex-post facto approval to the proposals for extension of tenure of loans under the CLSS vertical of Pradhan Mantri Awas Yojana (Urban) Mission from 15 to 20 years," said an official statement.