Credit-linked Subsidy Services Awas Portal (CLAP)

Credit Link Subsidy Scheme
Question: Credit-linked Subsidy Services Awas Portal (CLAP) was launched by-
(a) Ministry of Chemicals and Fertilizers
(b) Ministry of Petroleum and Natural Gas
(c) Ministry of Power
(d) None of these
Answer:(d)
Related facts:
  • On 25 November 2019, Ministry of Housing and Urban Affairs launched the Credit-linked Subsidy Services Awas Portal (CLAP) of Pradhan Mantri Awas Yojana-Housing for All (Urban).
  • 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.
  • Under CLSS (Credit Link Subsidy Scheme), the Centre provides interest subsidy of up to around Rs 2.67 lakh on home loans to individuals, which reduces the principal outstanding amount of the loan.

Links:

https://www.business-standard.com/article/pti-stories/hardeep-puri-launches-portal-for-subsidy-scheme-under-pmay-119112500742_1.html

https://www.outlookindia.com/newsscroll/hardeep-puri-launches-portal-for-subsidy-scheme-under-pmay/1670676

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