Pradhan  Mantri Awas Yojana (PMAY)

The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) – ‘Housing for All’ is a home loan scheme launched by Government Of India. The scheme envisions ‘Housing for All’ by the year 2022. It benefits people belonging to the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group-I (MIG-I), and Middle Income Group-II (MIG-II) of society. Beneficiaries availing this scheme are eligible to avail interest subsidy on the purchase or construction of a house or the enhancement of dwelling unit.

  • People belonging to the Economically Weaker Section (EWS), Low  Income Group (LIG), Middle Income Group-I (MIG-I) and Middle Income Group-II (MIG-II) are eligible for this scheme
  • Age of the applicant must be 70 years or less
  • Income range of the applicant must be below Rs. 3 lakhs per annum for economically weaker sections and between Rs. 3 – 6 lakhs per annum for lower income groups
  • Women who are citizens of India are eligible

Pradhan  Mantri Awas Yojana Slabs

Annual Household Income (Rs.)CategoriesInterest Subsidy (%)Subsidy Calculated on Max. Loan of (Rs.)Max. Interest Subsidy ofMax. Carpet Area of the Property
Upto 3 lakhEWS 6.50%6,00,0002.67 lakhNo Limit **
3 lakh to 6 lakhLIG6.50%6,00,0002.67 lakhNo Limit **
6 lakh to 12 lakhMIG-I4.00%9,00,000 2.35 lakh1291 sq. ft.
12 lakh to 18 lakhMIG-II3.00%12,00,000 2.30 lakh 1614 sq. ft.
Annual Household Income (Rs.)CategoriesInterest Subsidy (%)Subsidy Calculated on Max. Loan of (Rs.)Max. Interest Subsidy ofMax. Carpet Area of the Property
Upto 3 lakhEWS6.50%6,00,0002.67 lakhNo Limit **
3 lakh to 6 lakhLIG6.50%6,00,0002.67 lakhNo Limit **
6 lakh to 12 lakhMIG-I4.00%9,00,0002.35 lakh1291 sq. ft.
12 lakh to 18 lakhMIG-II3.00%12,00,0002.30 lakh1614 sq. ft.
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