Exploring borrower awareness and adoption of CLSS in semi-urban housing finance: a case study approach

Abstract

This study explores the knowledge and application of the Credit Linked Subsidy Scheme (CLSS) among borrowers of housing loans located in the semi-urban regions of the Dakshina Kannada District. Using a case study strategy, primary and secondary sources were integrated via a questionnaire and an interview process. While CLSS helps in housing loans with interest burdens, borrowers understanding of eligibility, documentation, and the disbursal of the subsidy remains gaps, especially with women, informal, and financially illiterate workers. Borrowers are moderately aware of CLSS as many depend on a self-appointing bank official. CLSS aids in housing loans with interest burdens. Given these findings, opportunities exist regarding understanding the gaps and the poorly formed procedures around the CLSS. Of direct importance are the poorly conceived advertising campaigns that need form to meeting target. Focusing on administrative perceptions and institutional participation aids in developing understanding and an approach to policy formations based on inclusive semi-urban housing development.