Union Government launches Credit-linked Subsidy Services Awas Portal

The Union Government launched the Credit-linked Subsidy Services Awas Portal (CLAP) of Pradhan Mantri Awas Yojana-Housing for All (Urban) on November 25, 2019. The portal was launched along with the signing of agreements between the Union Housing Affairs Ministry and state governments for the construction of LightHouse projects under GHTC-India. Union Minister of Housing and Urban Affairs, Hardeep Singh Puri said during the launch that the portal will help in addressing the grievance of the beneficiaries in a much more comprehensive and organized manner. Speaking to Realty+ Shiv Parekh, Co-Founder, hBits said, “The government has been proactive enough in ironing out teething troubles as well as making real estate sector more streamlined. Government’s latest initiative of launching Credit Linked Subsidy Scheme Awas Portal (CLAP) is yet another example, wherein people will be able to track the status of their application in real-time. This will further bring in transparency to the sector. Earlier, government Real Estate (Regulation and Development) Act, 2016 was a major move to streamline the sector and make it more transparent for the homebuyers.” The CLAP portal aims to provide a transparent and robust real-time web-based monitoring system for the beneficiaries of the Credit-linked Subsidy Services (CLSS). The CLAP portal will help the beneficiaries to track their application status online in real-time. The portal will provide a transparent real-time monitoring system for the credit-linked subsidy services. The portal would also benefit the other stakeholders to work in unity to release subsidy to the beneficiaries on time. The Pradhan Mantri Awas Yojana (Urban) aims to address the housing needs of the population of the Urban Economy. The Credit-linked Subsidy Services covers the MIG segment for the first time. The mission is expected to benefit young professionals having an income of up to Rs 18 lakh per annum. Currently, among the four verticals of PMAY(Urban), the government has managed to reach more than 8 lakh beneficiaries under credit-linked subsidy services.