Union Cabinet increases carpet area of houses under Pradhan Mantri Awas Yojana

Posted on:18 Nov 2017 14:26:18
Union Cabinet increases carpet area of houses under Pradhan Mantri Awas Yojana
18 November 2017 Current Affairs: The Union Cabinet approved an increase in carpet area of houses eligible for interest subsidy under Credit Linked Subsidy Scheme (CLSS) for Middle Income Group (MIG) under Pradhan Mantri AwasYojana (Urban). The purpose is to further enhance the scope, coverage, and outreach of Scheme for Middle Income Group (MIG) under Pradhan Mantri AwasYojana (Urban).

The purpose is to further enhance the scope, coverage, and outreach of Scheme and outreach of Scheme.

The limit of 120 sqm and 150 sqm is seen as reasonable enhancement and it will cater to the market generally scouted by MIG belonging to two income category.

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