Extension of Credit Linked Subsidy Scheme

•The Credit Linked Subsidy Scheme for Middle Income Group (MIG, annual income between ₹6 and ₹18 lakhs) will be extended up to March 2021.
•This subsidy scheme comes under the Pradhan Mantri Awas Yojana (Urban).
•This will benefit 2.5 lakhs middle income families during 2020-21 and will lead to investment of over ₹70,000 crore in housing sector.
•This will create a significant number of jobs by giving a boost to the Housing sector and will stimulate demand for steel, cement, transport and other construction materials.