Misty of Housing and Urban Poverty Alleviation ean Mate Avan Yona (Cina) Hing Sr AU Mas tly Set Optom ae Definitions for tho purposes of the Scheme avatar “TA bent family wl comprice of husband, wis, unmaried fons andor unmariee daughters, An adult earring momber (irespectvo of mail status) can be tealed ae 8 separate househok Provided that he / she does not own a pce (en a ‘weather dveling unit) house in He / patof ind, ame in ey Provided also that in the case of @ maried couple, ‘ther ofthe spouses orbothtogtherin joint ownership Wil be eligible for a single house, subject to income iby of te household under the Scheme. Competes "Aes endosed win th wale, Stl ara oly Oe eapat Te ae does ntl the ticknes thee walls ‘Geil Nodal Agircies [Nodal Agpncs Tenited by ansty for the purpoees of] ‘plementation of Cred ined Subsldy Scheme for Me Income Group. | Riacisimame Group | Wi -T oussokis are dinod as housshalr Taig an aval (ig) ‘roome betwoen REG00001 (Rupees Six Lath One) up to s.12,00,000 (Rupees Twelve Lakh)40 4A 42 4a 44 45 Ministry of Housing and Ushan Poverty Alleviation Pradan Mantis Yona (Urban) - Hawai fr AU Mi Ni intel Sub Sen ar: Opin Cais limplementation Methodology “The crest liskod subsidy wil be avaiable only fer loan amounts indicated in Paragraph 3.1 above for a tenure of 20 years or during tenure of loan whichever is lower. Adtional loans beyond the aforementioned specified knit, any, wil be at ‘non-subsiized rato. Interest subsidy wil be credited upfront to the loan account of benefcaras tough Primary Lending Insitiions resuting in reduced effective housing loan and Equated Menity instalment (EMD. Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been identifed as Central Nodal Agencies (CNAs) to chamlize this subsidy tothe lending insttuons and fr monitoring the progres. Ministry may natty cther institutions as CNA in futur, Primary Lending Insitutions (PL), deniiied a& Scheduled Commercial Banks, Housing Finance Companies, Regional Rural Banks, State Cooperative Banks, ‘Urban Cooperative Banks, Smal Finance Banks?, Non Banking Financial Company = Miro Finance Institutions (NEFC MFIs) or any other intitution ae may be identiied by the Ministry, can register only with one ofthe CNAs by signing MOU for CLSS for IMIG as provided in Annexure 1 “The Primary Lending Insitutions (PLIs) thal have signed MoU withthe CNAs under the existing CLSS vertical (now tobe tested under CLS for EWSILIG), of Pradhan ‘Mansi Awas Yojana (Urban) Mission, wit ba gan the option to eitend the mandate of ther MoU to CLS for MIS.Fig. 1 Stops ir Credit Linksd Subsidy Schome for MIG Primary Lending sition Decision on Loan Amount (uti carp area of 00 29. iG eaept toa of 10.89) ee pare 3.9) ‘Sandin of Hore Loan inerestSibsHy {@ 4% oan upto Rs ach, 3% fr ban pte. 12k nl. ‘Anyioan beyond these amounts wil be sk prevalent niet a ‘nds ret stbsiiznd by Gavernmont Intro subsidy calculated on NPV bas (otpara 3.1) discountrate of 8% Funds orn Gal CNA ls submittal vance subsidy wl be Pls evi claims to CNA vance Susi) wl - Subsequon’ race tobe ‘Approvloflaim by CNA ‘made air ulizcbon of "Tom of sali release (et pare 81) (ONA losses subsidy amcun’ te Pusdieety based on J ‘ime submited on hoot ane isureed ‘Pe pare 52) Credit Linked Sutscy dopostes Dy BU in Laan aeaeun ot enaicany