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One Year Extension of Credit Linked Subsidy Scheme for Middle Income Group (CLSS for MIG)

Extension of time period of the Credit linked Subsidy Scheme for Middle Income Group (CLSS for MIG) for a further period of one year i.e. upto 31.03.2021.

No.I-11016/15/2016-HFA-4 (Pt.)/E-9029212
Government of India
Ministry of Housing and Urban Affairs
(HFA-4 Section)
Nirman Bhawan, New Delhi
Dated the 15" May, 2020

To,
1. Chairman, State Bank of India, State Bank Bhawan, Corporate Centre, Madam Cama Road, Mumbai — 400021.
2. CMD (HUDCO), Core-&A, 4 Floor, IHC Building, Lodi Road, New Delhi- 110003.
3. Managing Director, National Housing Bank, Core 5A, 3" Floor, India Habitat Centre, Lodhi Road, New Delhi — 110003.

Subject : Extension of time period of the Credit linked Subsidy Scheme for Middle Income Group (CLSS for MIG) for a further period of one year i.e. upto 31.03.2021.

Sir,
I am directed to refer to this Ministry’s letter No.I-11016/15/2016-HFA-4 (Pt.)/E-9029212 dated 31st December, 2018 regarding extension of Credit Linked Subsidy Scheme for Middle Income Group (CLSS for MIG) up to 31.03.2020.

2. Based on the feedback received from National Housing Bank (NHB), Housing and Urban Development Corporation Ltd. (HUDCO) and State Bank of India (SBI), the three Central Nodal Agencies (CNAs) involved in implementation of the scheme, the competent authority in the Ministry has decided to extend the time period of the Credit Linked Subsidy Scheme for Middle Income Group (CLSS for MIG) by one year, which will be effective from 01.04.2020 to 31.03.2021.

3. This issues with the concurrence of the Integrated Finance Division vide Note#104 dated 15.05.2020.

Yours faithfully,

(Rishi Kumar)
Director (HFA-IV)
Tel: 23062272

Copy to:-
All Principal Secretaries / Secretaries (Housing/ Urban Development / Municipal Affairs) in States/ UTs.
Copy for information to:
I. Secretary, Department of Expenditure, Ministry of Finance, North Block, New Delhi.
Il. Secretary, Department of Financial Services, Jeevan Deep Building, Sansad Marg, New Delhi.

Copy for information to:
  1. PS to MoS (I/C) MoHUA
  2. Sr. PPS to Secretary (MoHUA)
  3. PPS to JS&MD (HFA)
  4. Sr. PPS to JS & FA
  5. PS to Director (HFA-D/ PS to Director (HFA-V) /PS to DS (HFA-III)/ PS to Director (NBO)
  6. SO (IT) Cell for uploading the letter on the e—office portal of the Ministry.
  7. Dy. Chief MIS, HFA Mission Directorate, New Delhi with the request for uploading it on he Ministry’s website.

(Rishi Kumar)
Director (HFA-IV)
Source : PMAY-Urban
pm-yojana

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