PMAY – CLSS : Utilization Certificate

Credit Linked Subsidy Scheme under Pradhan MantriAwasYojana

Utilization Certificate on Disbursement of Subsidy

The General Manager

PMAY- CLSS Division

National Housing Bank

Core 5A, India Habitat Centre

Lodhi Road, New Delhi – 110003.

1. / Name of the Primary Lending Institution
2. / PLI Code
3. / Claim No.
4. / Claim Date / DD / MM / YYYY
5. / Subsidy Amount Released by NHB /
6. / Subsidy Date Released by NHB / DD / MM / YYYY
7. / Utilization Certificate No.
8. / Utilization Certificate Date / DD / MM / YYYY
9. / Utilization Amount /
10. / Refund No.
11. / Refund Amount (5 – 9) /
12. / Refund Date / DD / MM / YYYY
13. / Contact Details (Name, Phone and email ID)

Sir/Madam,

Certified that out of the sum of ______released under reference no. ______dated DD/MM/YYYY as against the above referred claim towards the interest subsidy, a sum of ______has been utilized for the purpose for which it was sanctioned.

2.It is further certified that the PLI has satisfied itself that the conditions on which the subsidy was released have been duly fulfilled / are being fulfilled and that the PLI has exercised the following checks to ensure that the money disbursed against the loans was actually utilized for purchase / construction / extension of houses by the actual borrowers. Following checks have exercised by PLI –

  1. The loans were disbursed as per the guidelines of the Credit Linked Subsidy Scheme under Pradhan MantriAwasYojana issued by the Ministry of Housing & Urban Poverty Alleviation, Government of India.
  2. Claims were credited to beneficiaries as per Memorandum of Understanding signed with National Housing Bank.
  3. Regular site inspections have been conducted by the officials/authorized representatives of the PLI to monitor the progress of construction and to confirm that the construction was progressing as per the plan / has been completed within the prescribed period of the guidelines. Site inspections report along with photographs of the houses constructed/acquired are available with the PLI and they may be produced as and when required by the National Housing Bank or Ministry of Housing & Urban Poverty Alleviation.

3. Amount of subsidy which was claimed but could not be credited to the beneficiaries amounting to Rs ______is refunded to NHB on <Date> and beneficiaries wise details is furnished in the form at Appendix I.

Authorized SignatorySignature :______

Name :______

Seal :

(Note: Strike whichever is not applicable, without making amendment to the format)

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