Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)

The Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) provides interest subsidy on housing loans to the Economically Weaker Sections (EWS) and Low Income Group (LIG) as part of credit-enablement measures and encourages those households to avail of loan facilities through Commercial Banks/Housing Finance Companies for the purpose of construction/acquisition of houses and avail 5% subsidy in interest payment for loanz upto Rs. 1 lakh. The loan repayment period would be 15-20 years.

Households with monthly income of upto Rs. 3,300 (now revised Rs. 5,000) are classified as EWS while those with monthly income between 3301 and 7300 ( now revised between Rs. 5001 to Rs. 10,000/) are termed LIG. This is a demand driven scheme.