LEASE OWNERSHIP PROGRAM

This program is for Nominees who cannot afford huge EMI yet looking for a Home ownership . This program helps the nominees to avail homes with lesser eligibility criteria and easing the repayment options as the loan EMI payable shall be equivalent to the current rentals . In this Program the qualified nominees shall be awarded with 2 subsidies . Initially with the Unit Linked Subsidy at the time of registration, and the second subsidy is passed at the time of construction as Credit Linked Subsidy towards the Lease Loan availed towards the construction of the dwelling units The interest towards the lease loan shall be subsidized for a period of 3 Years and can avail upto a maximum period of 05 Years . This scheme is valid only for PCSR Nominees from the MIG and HIG groups.

UNIT LINKED SUBSIDY

The Unit Linked Subsidy under the PCSR regime 2021/25 is a program formed to pass on the housing benefits to the nominees . In this Program, a one time subsidy is passed in the form of discount during the purchase of the dwelling unit .The beneficiary can avail the loan with the Primary Lending Institutions (PLIs) post the reduction of the
subsidy amounts as effective housing loan . The Unit Lined subsidy allotment process is completely online and is based on merit.

CREDIT LINKED SUBSIDY

The Credit Linked Subsidy under the PCSR regime 2021/25 to pass on the housing benefits to the nominees . In this Program, the subsidy is passed in the form of interest discount on the loan availed during the construction of the dwelling unit . The beneficiary can avail the Lease loan with the Secondary Lending Institutions (SLIs) towards the construction of the dwelling unit. The Credit Lined subsidy allotment process is completely online and is based on merit.