KPSC KAS 2017 · Question 85 of 200

What is not true about PMAY – CLSS (Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme) ?

Government Schemes

ABeneficiaries of Economically Weaker Sections (EWS) and Low Income Groups (LIG) seeking housing loans from banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy for loans upto 6 lakhs.
BThere is no Credit Linked Subsidy Scheme for Medium Income Groups (MIG).Correct
CHUDCO and NHB have been identified as Central Nodal Agencies to channelize subsidy to the lending institutions and for monitoring the progress of this component.
DNone of the above

Answer: B. There is no Credit Linked Subsidy Scheme for Medium Income Groups (MIG).

PMAY-CLSS does extend to Middle Income Groups, so the statement that there is no credit-linked subsidy for MIG is not true.

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

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KPSC KAS 2017 · Question 85 of 200

Government Schemes

ABeneficiaries of Economically Weaker Sections (EWS) and Low Income Groups (LIG) seeking housing loans from banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy for loans upto 6 lakhs.
BThere is no Credit Linked Subsidy Scheme for Medium Income Groups (MIG).Correct
CHUDCO and NHB have been identified as Central Nodal Agencies to channelize subsidy to the lending institutions and for monitoring the progress of this component.
DNone of the above

PMAY-CLSS does extend to Middle Income Groups, so the statement that there is no credit-linked subsidy for MIG is not true.

Source: KPSC Gazetted Probationers Prelims 2017, Paper-I (General Studies, subject code 261), Series A

Practice the full KPSC KAS 2017 paper

Timed test with all 200 questions, just like the real exam.