Current Affairs

Credit-linked Subsidy Services Awas Portal

Current context: Hardeep Singh Puri, Minister for Housing and Urban Affairs launched Credit-linked Subsidy Services Awas Portal (CLAP) on 25th Nov 19 in New Delhi.
Credit-linked Subsidy Services Awas Portal 
  • The Portal will provide a robust and transparent real-time web-based monitoring system to the beneficiaries of credit-linked Subsidy Services (CLSS).
  • Under the portal, the real-time tracking of the application status is accessible to the beneficiary.
  • The Credit Linked Subsidy Scheme (CLSS) is a benefit under the Pradhan Mantri Awas Yojana which focuses on helping the beneficiaries to bring down their housing loan EMIs by over Rs. 2,000 per month by offering an interest subsidy.
  • The beneficiaries under the scheme include Middle Income Groups, Economically Weaker Sections, and Lower Income Groups.
  • Through CLSS, the Government of India aims at increasing the credit flow in institutions to meet the housing needs of the urban poor population in the country.
  • Housing Urban Development Corp and National Housing Bank are the two nodal agencies that administers the implementation of the CLSS in India.

Question: 

Q.1 Which Ministry has recently launched the Credit-linked Subsidy Services Awas Portal (CLAP)?
a. Ministry of Rural Development
b. Ministry of Housing and Urban Affairs
c. Ministry of Rural Development
d. Ministry of Health and Family Welfar
Credit-linked Subsidy Services Awas Portal Credit-linked Subsidy Services Awas Portal Reviewed by Neha Verma on November 25, 2019 Rating: 5

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