Page 249 - NHB AR 2020-21-3 complete- Print (1)
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The CLSS vertical is one of the important components of the Housing for All Mission and
is a Central Sector Scheme. The CLSS covers two categories namely CLSS for Economically
Weaker Section/Low Income Group (CLSS for EWS/LIG) and CLSS for Middle Income
Group (CLSS for MIG). The details of CLSS for EWS/LIG and CLSS for MIG are given below.
CLSS for EWS/LIG - The Scheme was launched on June 17, 2015 and shall be implemented
upto March 31, 2022. Households belonging to EWS (with annual income upto `3 lakh) and LIG
(with annual income more than `3 lakh and upto `6 lakh) seeking housing loans from Banks,
HFCs and other such notified institutions would be eligible for an interest subsidy at the rate
of 6.5% for maximum tenure of 20 years or the actual tenure of the loan whichever is less (upto
December 31, 2016, maximum tenure was 15 years). During the year 2020-21 (July-June), NHB
as CNA has disbursed `4,959.59 crore benefitting 2.02 lakh households. Till June 30, 2021, 288
PLIs, comprising of 96 HFCs, 16 PSBs, 17 Private Sector Banks, 33 RRBs, 107 Co-operative Banks,
10 Small Finance Banks and 9 NBFC-MFIs have signed MoU with NHB as CNA and NHB has
received the advance subsidy of `21,035 crore from GoI, MoHUA, for the implementation of
the Scheme. Out of this fund and interest earned thereon, till June 30,2021, NHB has made
total disbursements (Subsidy Released + Processing Fees - Subsidy Refund settled) of `20,217.96
crore (loan disbursement amounting to `96,991.69 crore) to 211 PLIs1 (also includes individual
amalgamating/merging entities) benefitting 8.54 lakh households. Till 30-06-2021, 96.12% of the
funds received by NHB under CLSS for EWS/LIG from MoHUA were utilized.
CLSS for MIG - This Scheme is effective from January 01, 2017 to March 31, 2021. The CLSS
for MIG covers two annual income segments viz. above `6 lakh and upto `12 lakh under
MIG-I and above `12 lakh and upto `18 lakh under MIG-II. In the MIG-I, an interest subsidy
of 4% has been provided for loan amount up to `9 lakh while in MIG-II, an interest subsidy
of 3% has been provided for loan amount upto `12 lakh. Earlier, GoI, MoHUA had increased
the existing carpet area limit for MIG-I from 90 sqm to 120 sqm and for MIG-II from 110
m2 to 150 m2 and the above limit are further revised from 120 m2 to 160 m2 for MIG-I and
from 150 m2 to 200 m2 for MIG-II. The Government of India, Ministry of Housing and Urban
Affairs (MoHUA) further extended the CLSS for MIG period upto March 31, 2021. During
the year 2020-21 (July-June), NHB as CNA has disbursed `3,365.47 crore benefitting 1.59 lakh
households. Till June 30, 2021, 272 PLIs, comprising of 94 HFCs, 16 PSBs , 18 Private Sector
Banks, 29 RRBs, 97 Co-operative Banks, 11 Small Finance Banks and 7 NBFC-MFI have signed
MoUs with NHB as CNA and NHB has received the advance subsidy of `9,795 crore from GoI,
MoHUA, for the implementation of the Scheme. Out of this fund and interest earned thereon,
till June 30, 2021, NHB has made total disbursements (Subsidy Released + Processing Fees
1 W.e.f. April 1, 2017, State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank
of Patiala (SBP), State Bank of Hyderabad (SBH) and Bhartiya Mahila Bank (BMB) merged with State Bank of India. W.e.f. April 1,
2019, Dena Bank merged with Bank of Baroda. W.e.f. April 1, 2020, United Bank of India and Oriental Bank of Commerce merged
into Punjab National Bank, Allahabad Bank merged into Indian Bank, Syndicate Bank merged into Canara Bank, and Andhra Bank
and Corporation Bank merged into Union Bank of India. Further, some RRB’s were also merged.
Annual Report 2020-21 | 229
is a Central Sector Scheme. The CLSS covers two categories namely CLSS for Economically
Weaker Section/Low Income Group (CLSS for EWS/LIG) and CLSS for Middle Income
Group (CLSS for MIG). The details of CLSS for EWS/LIG and CLSS for MIG are given below.
CLSS for EWS/LIG - The Scheme was launched on June 17, 2015 and shall be implemented
upto March 31, 2022. Households belonging to EWS (with annual income upto `3 lakh) and LIG
(with annual income more than `3 lakh and upto `6 lakh) seeking housing loans from Banks,
HFCs and other such notified institutions would be eligible for an interest subsidy at the rate
of 6.5% for maximum tenure of 20 years or the actual tenure of the loan whichever is less (upto
December 31, 2016, maximum tenure was 15 years). During the year 2020-21 (July-June), NHB
as CNA has disbursed `4,959.59 crore benefitting 2.02 lakh households. Till June 30, 2021, 288
PLIs, comprising of 96 HFCs, 16 PSBs, 17 Private Sector Banks, 33 RRBs, 107 Co-operative Banks,
10 Small Finance Banks and 9 NBFC-MFIs have signed MoU with NHB as CNA and NHB has
received the advance subsidy of `21,035 crore from GoI, MoHUA, for the implementation of
the Scheme. Out of this fund and interest earned thereon, till June 30,2021, NHB has made
total disbursements (Subsidy Released + Processing Fees - Subsidy Refund settled) of `20,217.96
crore (loan disbursement amounting to `96,991.69 crore) to 211 PLIs1 (also includes individual
amalgamating/merging entities) benefitting 8.54 lakh households. Till 30-06-2021, 96.12% of the
funds received by NHB under CLSS for EWS/LIG from MoHUA were utilized.
CLSS for MIG - This Scheme is effective from January 01, 2017 to March 31, 2021. The CLSS
for MIG covers two annual income segments viz. above `6 lakh and upto `12 lakh under
MIG-I and above `12 lakh and upto `18 lakh under MIG-II. In the MIG-I, an interest subsidy
of 4% has been provided for loan amount up to `9 lakh while in MIG-II, an interest subsidy
of 3% has been provided for loan amount upto `12 lakh. Earlier, GoI, MoHUA had increased
the existing carpet area limit for MIG-I from 90 sqm to 120 sqm and for MIG-II from 110
m2 to 150 m2 and the above limit are further revised from 120 m2 to 160 m2 for MIG-I and
from 150 m2 to 200 m2 for MIG-II. The Government of India, Ministry of Housing and Urban
Affairs (MoHUA) further extended the CLSS for MIG period upto March 31, 2021. During
the year 2020-21 (July-June), NHB as CNA has disbursed `3,365.47 crore benefitting 1.59 lakh
households. Till June 30, 2021, 272 PLIs, comprising of 94 HFCs, 16 PSBs , 18 Private Sector
Banks, 29 RRBs, 97 Co-operative Banks, 11 Small Finance Banks and 7 NBFC-MFI have signed
MoUs with NHB as CNA and NHB has received the advance subsidy of `9,795 crore from GoI,
MoHUA, for the implementation of the Scheme. Out of this fund and interest earned thereon,
till June 30, 2021, NHB has made total disbursements (Subsidy Released + Processing Fees
1 W.e.f. April 1, 2017, State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank
of Patiala (SBP), State Bank of Hyderabad (SBH) and Bhartiya Mahila Bank (BMB) merged with State Bank of India. W.e.f. April 1,
2019, Dena Bank merged with Bank of Baroda. W.e.f. April 1, 2020, United Bank of India and Oriental Bank of Commerce merged
into Punjab National Bank, Allahabad Bank merged into Indian Bank, Syndicate Bank merged into Canara Bank, and Andhra Bank
and Corporation Bank merged into Union Bank of India. Further, some RRB’s were also merged.
Annual Report 2020-21 | 229
