1. PRADHAN MANTRI AWAS YOJANA (URBAN)
PMAY
PRADHAN MANTRI AWAS YOJANA (URBAN)
PMAY (U) mission was launched by GoI on to provide housing to all by 2022.
This mission has 4 verticals
1. In-situ Slum Redevelopment (ISSR)
2. Affordable Housing In Partnership (AHP)
3.Beneficiary Led Construction (BLC- New/ BLC-Enhancement)
4. Credit Linked Subsidy Scheme (CLSS)
This mission covers all 271 statutory towns (Recently GoI extended scope even to Notified planning area/ Development area/ Special area/ Industrial area)
State Level Nodal Agency: RGRHCL
ISSR/AHP/BLC Verticals are Centrally Sponsored Scheme (CSS) implemented in convergence with State housing schemes by KSDB, KHB, ULBs, UDAs, Private developers etc.
CLSS Vertical is Central Sector Scheme implemented by banks.

2. ELIGIBILITY CRITERIA:
PMAY
ELIGIBILITY CRITERIA:
A family comprising husband, wife, unmarried children.
Not having pucca house any where in India
Having kutcha /semi kutcha house.
Having pucca house carpet area less than 21 Sqmt
Adult earning member (married/unmarried) having no house any where in India
Family residing in ULB limit/ planning /special/development/industrial area
Annul income as follows:
Category
Income
EWS
0- 3 lakh
LIG
3-6 lakh
MIG 1
6 -12 lakh
MIG 2
12-18 lakh

3. DEMAND SURVEY
PMAY
As a first step , State had conducted demand survey during &
To assess housing need
To draw year wise /vertical wise strategy to provide housing by 2022
To asses fund requirement
To plan for Resource Mobilization
Household data were entered into the PMAY-MIS
As on end of August 2018, the vertical wise demand is as follows:
Total
ISSR
AHP
BLC
CLSS
19.22
4.11
8.92
4.32
1.86
Out of applications, lakh applications are validated, 6.37 applications are under validation

4. CREDIT LINKED SUBSIDY SCHEME
PMAY
CREDIT LINKED SUBSIDY SCHEME
CLSS is Interest Subsidy scheme for home loans of EWS, LIG and MIG Borrowers
Period
CLSS (EWS/ LIG) : to
CLSS (MIG1/MIG2) : to
During demand survey, 1.86 lakh household opt for CLSS.
The details of 1.86 household is accessible to bankers (Bank may collect user ID and Password from their respective head offices)

5. CREDIT LINKED SUBSIDY SCHEME
PURPOSE :
New House(construction/ purchase)
Extension (EWS/LIG only)
Repair (EWS/LIG only)
Items
EWS
LIG
MIG-1
MIG-2
Income limit (Per Annam)
up to 3.00 lakh
3.01 to 6.00 lakh
6.01 lakh to 12 lakh
12.01 lakh to 18 lakh
Carpet Area: (Sqmt)
up to 30
up to 60
160 sqmt
200 sqmt
Loan amount (max)
6.00 lakh
9.00 lakh
12.00 lakh
Loan period
20 Year
20 year
Interest subsidy (Per Annam)
6.5%
4 %
3 %
Interest subsidy amount
2.67 lakh
2.67lakh
2.35 lakh
2.30 lakh
Incentive in lieu of Loan processing fee
3000
2,000
Additional loan
Additional loan beyond limit will be at non subsidized rate
EWS/LIG beneficiary may construct larger house. But extension/ repair limited to 30sqmt/ 60 sqmt

6. CENTRAL NODAL AGENCY & BANKS
Central Nodal Agencies: HUDCO/ NHB
Banks:
Scheduled Commercial banks
Housing Finance Companies
Regional Rural Banks
State Cooperative Banks
Urban Cooperative Banks
Small Finance Banks
Non Banking Finance Company-Micro Finance Institutions
Beneficiaries will submit self –certificate /affidavit as proof of income
Beneficiary has to submit application
Directly to bank (EWS/LIG/MIG)
Through ULB (EWS/LIG).
Bankers will sanction loan after due diligence
Subsidy will be claimed by banks from HUDCO / NHB.
Subsidy will be released to beneficiaries account upfront
Rs.250 per sanctioned application would be paid as incentive to ULBs (EWS/LIG only).
Upfront crediting the subsidy will effectively reduce the loan principal outstanding.
PLIs undertake all required processing as regular housing loan.

7. CLSS - Illustrative Example ( Loan tenure -20* years/240 months )
Loan Amount
Loan Amount eligible for Subsidy
Interest Subsidy
Balance Loan
Initial
Reduced EMI after crediting Subsidy
Monthly savings
Annual savings EG
(1)
(2)
(3)
(4)=(1-3)
(5)
(6)
(7) = (5-6)
(8)= (7) x 12
EWS/LIG I
3,00,000
1,33,640
1,66,360
2,895
1,605
1,290
15,480 II
6,00,000
2,67,280
3,32,720
5,790
3,211
2,579
30,948
III
10,00,000
7,32,720
9,650
7,071
MIG 1
1,56,712
4,43,288
4,278
1,512
18,144
9,00,000
2,35,068
6,64,932
8,685
6,417
2,268
27,216
12,00,000
9,64,932
11,580
9,312
MIG 2
1,72,617
7,27,383
7,019
1,666
19,992
2,30,156
9,69,844
9,359
2,221
26,652
15,00,000
12,69,844
14,475
12,254

8. No. of Application Received in demand survey
National Housing Bank (NHB) / Housing & Urban Development Corporation Ltd (HUDCO) are Central Nodal Agencies.
No of banks signed MoU with NHB/ HUDCO.
CLSS progress
Scheme
NHB
HUDCO
Total
CLSS (EWS/ LIG
190 70
260
CLSS (MIG1 & MIG2)
180 64
244
ULBs
No. of Application Received in demand survey
Sanctioned
271
1.86
7091
Claiming Interest Subsidy
There is prescribed format. Bank has to submit claims online to their head office / Regional office- they will forward the same to NHB/ HUDCO
Release of subsidy:
NHB/ HUDCO will release interest subsidy to Bank. Then bank will credit to Beneficiary account.

9. RGRHCL-SLNA has taken following initiatives:
1.84 lakh potential applicants list available in demand survey is shared with SLBC / DLBC/ RBI representative.
The same list is also shared with DC/ULB and directed in turn to share with banker. Many ULBs already shared it.
Letter addressed to RBI representative was also sent requesting for expedite the progress
Follow up is being done by ULB officers and CLTC experts.
Discussion points:
Bankers have to expedite the progress
Few bankers are informing that they have not received direction/ target from higher authority about CLSS.
Bankers insist for IT return even GoI has directed to accept self declaration for annual income.
Bankers are unaware of procedure for claiming interest subsidy. Bankers are collecting interest from beneficiaries itself

10. Banks to conduct Sensitization Activities as follows:
Guidelines / brochure/ Pamphlet may be circulated in both English and Kannada.
Advertisements / Article may be published in local news paper /electronic media
Ward wise /cluster level Campaign may be scheduled.
Meetings and awareness programs may be conducted for CLSS beneficiaries
To involve Private developers/ Builders under the scheme
Banks to utilize GoI’s MIS wherein 1.84 lakh beneficiaries are registered under CLSS
DLBC to conduct focused review on progress, bottlenecks and
to frame District level strategy in consultation with Stake holder (ULB/ Bankers/ NHB/ HUDCO/ DLBC/ SLBC representatives/ SLNA representatives/ Private builders) and implement the same accordingly.

11. Thank You